Common use of Professional Liability (Errors and Omissions Liability Clause in Contracts

Professional Liability (Errors and Omissions Liability. Each Claim $1,000,000 Annual Aggregate $2,000,000 Contract Value Required Insurance $0 to $5,000,000 $1,000,000 Each Occurrence; $2,000,000 Aggregate $5,000,001 to $15,000,000 $5,000,000 Each Occurrence; $5,000,000 Aggregate $15,000,001 to $50,000,000 $5,000,000 Each Occurrence; $10,000,000 Aggregate $50,000,001 & up $25,000,000 Each Occurrence; $25,000,000 Aggregate