Final answer:
E&O insurance, or Errors and Omissions insurance, is not mandatory in Arizona but is highly recommended for certain professionals such as insurance agents, real estate agents, and financial advisors. It provides valuable protection against claims of negligence or mistakes in their professional services.
Step-by-step explanation:
E&O insurance, which stands for Errors and Omissions insurance, is not mandatory in Arizona. However, it is highly recommended for certain professionals.
Professionals such as insurance agents, real estate agents, and financial advisors often carry E&O insurance to protect themselves from claims of negligence or mistakes in their professional services.
While not mandatory, having E&O insurance can provide valuable protection and peace of mind for professionals who may face potential liability claims in their line of work.