Errors and Omissions insurance would allow companies to avoid lawsuits due to human errors in their transactions. These mistakes are common and can prove to be very costly to any business. There are many service related businesses that may not have coverage and could greatly benefit from it. Some of these companies being; advertisers, attorneys, real estate companies, graphic designers, web designers, appraisers, building contractors, financial brokers, and doctors to name a few. Also, any company dealing with consulting should have “e and o insurance”. If these companies acquired e and o insurance it would be effective with both time and cost.