Errors and Omissions (E&O) policies are written on a ‘Claims Made and Reported’ basis, meaning that the policy that is in force at the time a ‘claim is made and reported‘ (as opposed to when the error may have been made) is the policy that would potentially respond. As a condition of an E&O policy, it is imperative that you report actual claims or situations that may give rise to a claim to the Insurer and Gifford Carr as soon as they come to your attention. Please see the Claims section of our website for further details on how to report a claim or a situation that may give rise to a claim.