The document discusses different types of errors in programming: 1. Compile-time errors occur due to syntax errors in the code and prevent the program from compiling. Examples include missing colons or incorrect indentation. 2. Runtime errors occur when the Python virtual machine (PVM) cannot execute the bytecode. Examples include type errors during operations or accessing elements beyond the bounds of a list. 3. Logical errors stem from flaws in the program's logic, like using an incorrect formula. Exception handling allows programmers to anticipate and handle errors gracefully. The try/except blocks allow specific code to handle exceptions of a given type. Finally blocks ensure code is executed after the try/except blocks complete.