Common use of Professional Liability or Errors and Omissions Clause in Contracts

Professional Liability or Errors and Omissions. liability insurance to cover Losses due to Supplier’s errors or omissions in the performance or failure to perform its professional Services obligations or responsibilities under the Order, with a per claim limit in an amount not less than the greater of $2,000,000 and the value of the applicable Purchase Order(s) and the greater of $2,000,000 or the value of the applicable Purchase Order(s) in the annual aggregate;