In a society that is quick, to bring a lawsuit for any kind of damage it only makes sense to protect your professional license with errors and omissions insurance. Every policy is, for the most part, customized to suit an individual profession and may contain specific exclusions in accordance with perceived liability. Surety bonds are another type of protection that are often required by commercial or contract companies. Bail Bondsmen for instance, are required to have a surety bond. Many states also now require such businesses as credit repair agencies to post a surety bond with the state attorney general. Surety bonds help to ensure that the business covered is legally qualified to conduct business and will adhere to state law, statute or other regulations. There are more than 25,000 types of surety bonds covering thousands of areas of business. E&O Insurance