Accreditation agencies provide important services to their industry by reviewing businesses in it and verifying that they meet that association or organization's established guidelines. Errors by these agencies can result in a business ceasing operations or losing financing and/or customers. Errors can also result in customers or clients of those businesses not receiving the services for which they paid. This coverage protects the agency against third-party liability claims that allege financial loss and/or personal injury caused by its wrongful acts, errors, or omissions while performing its accreditation services. Underwriters prefer agencies that work with industries that have well-defined and standardized accreditation and certification procedures.