E&O (errors and omissions) covers claims that your professional advice or services caused a client financial harm — a wrong recommendation, a missed deadline, a processing error. Fiduciary liability covers claims that you breached your duty as a fiduciary — that you failed to act in a client’s best interest when managing a retirement plan or trust. Many financial advisors need both, and the line between the two types of claims isn’t always clear until a claim is filed. We help advisors and firms understand which coverages apply to their specific services and structure them correctly.