Businesses that offer a professional service to customers need protection from liability due to professional errors, omissions or negligent acts in the conduct of business. Errors and omissions insurance provide coverage against liability for claims related to mistakes or negligence in the provision of professional services. While other insurance policies insure against other forms of losses, e and o insurance is specifically intended to protect against lawsuits filed on the ground that the advice given by a professional or consultant was faulty or resulted in damage to the client. Errors and omissions insurance ensures that professionals will be able to finance their legal defense. It also protects them against future insolvency as a result of an adverse ruling.