Errors and Omissions Insurance
Errors and omissions (E&O) insurance, which may exclude negligent acts other than errors and omissions (“mistakes”), is most often used by consultants and brokers and agents of various sorts, including notaries public, real estate brokers, insurance agents themselves, appraisers, management consultants and information technology service providers (there are specific E&O policies for software developers, website developers, etc.), architects, landscape architects, engineers, attorneys, third-party business administrators, quality control specialists, nondestructive testing analysts, and many others. A mistake which causes financial harm to another can occur in almost any transaction in many professions.
Professional liability insurance (PLI), also called professional indemnity insurance (PII) but more commonly known as errors & omissions (E&O) in the US, is a form of liability insurance that helps protect professional advice- and service-providing individuals and companies from bearing the full cost of defending against a negligence claim made by a client, and damages awarded in such a civil lawsuit. The coverage focuses on alleged failure to perform on the part of, financial loss caused by, and error or omission in the service or product sold by the policyholder. These are potential causes for legal action that would not be covered by a more general liability insurance policy which addresses more direct forms of harm. Professional liability coverage sometimes also provides for the defense costs, including when legal action turns out to be groundless. Coverage does not include criminal prosecution, nor a wide range of potential liabilities under civil law that are not enumerated in the policy, but which may be subject to other forms of insurance. Professional liability insurance is required by law in some areas for certain kinds of professional practice (especially medical and legal), and is also sometimes required under contract by other businesses that are the beneficiaries of the advice or service.
Professional liability insurance may take on different forms and names depending on the profession. For example, in reference to medical professions it is called malpractice insurance, while errors and omissions (E&O) insurance is used by insurance agents, consultants, brokers and lawyers.[1] Other professions that commonly purchase professional liability insurance include accounting and financial services, construction and maintenance (general contractors, plumbers, etc., many of whom are also surety bonded), and transport. Some charities and other nonprofits/NGOs are also professional-liability insured.
Homeacre-Lyndora
Homeacre-Lyndora is a census-designated place (CDP) in Butler County, Pennsylvania, United States. The population was 6,906 at the 2010 census.[1]
Lyndora was linked to Butler, Evans City and Pittsburgh in 1908 by the Pittsburgh, Harmony, Butler and New Castle Railway, an interurban trolley line. The line closed on 15 June 1931, and the trolleys were replaced by buses.
Homeacre-Lyndora occupies a broad portion of central and northern Butler Township, north and west of the city of Butler. The U.S. Census Bureau locates the CDP at 40°52′10″N 79°55′14″W (40.869461, -79.920460),[2] but it consists of several developed areas separated by forested valleys. The Homeacre portion of the CDP is located on high ground west of Butler, while Lyndora is directly adjacent to Butler in the southeast corner of the CDP, in the valley of Connoquenessing Creek. The CDP is bordered by Meridian on the west and by Shanor-Northview in Center Township on the north.
U.S. Route 422, the Benjamin Franklin Highway, passes through the CDP, leading east 22 miles (35 km) to Kittanning and west 25 miles (40 km) to New Castle. Pennsylvania Route 356, New Castle Road, follows the old routing of US-422, leading east into downtown Butler, and joining 422 in the northwest corner of the CDP. Pennsylvania Route 68 joins PA 356 in the Homeacre part of the CDP, leading east into Butler but traveling west to Connoquenessing, Evans City, and Zelienople. Pennsylvania Route 8 passes through the eastern part of the CDP, interchanging with US 422 and leading south into downtown Butler and north to Harrisville and Franklin.
According to the United States Census Bureau, the CDP has a total area of 6.6 square miles (17.2 km2), all of it land.[1]