Which of the following statements about errors and omissions insurance

Which of the following statements about errors and omissions insurance is (are) true?

I. It is purchased by professionals to protect against claims arising for negligent acts, errors, and omissions.
II. It is designed to meet the needs of stock brokers, attorneys, engineers, architects and other professionals who give advice to clients.
A) I only
B) II only
C) both I and II
D) neither I nor II

ANSWER

Answer: C