Errors and omissions insurance for abstractors is very expensive, at least in relation to the depressed fees that are prevalent in the industry. Unfortunately, working without it is not an option for many abstractors. Some states require abstractors to carry E&O insurance, and even if the state does not, many clients do. Beyond that, it is rather foolish to incur the amount of potential liability that we do without some form of protection.
Recently, I was informed of an abstractor that crossed the line from foolish to criminal. As ill-advised as it is to operate without E&O insurance, it is far worse to represent to clients that you have coverage when you don't. Especially when in the process you forge a declarations page and pass it off as your own. Issuing false certificates or proofs of insurance is insurance fraud.