Errors and Omissions Insurance

Errors and Omissions, also known as Professional Indemnity Insurance or Professional Liability Insurance, protects professionals like doctors, lawyers, accountants, consultants, etc. against claims of negligence, wrongdoing, misrepresentation, or harmful misconduct during the course of their professional duties.

These professionals make several important decisions during their work based on their judgement and expertise. However, even minor errors or lapses in judgement can cause problems for their clients and lead to damaging lawsuits. That's why Errors and Omissions Insurance is important for them

What does Errors & Omissions Insurance cover?

  • Errors & Omissions Insurance indemnifies the professional against THIRD PARTY CLAIMS of:

    • Bodily Injury, disease, or disability
    • Death
    • Propery damage
  • LEGAL COSTS, including:

    • Cost of representation
    • Charges
    • Damages

Why opt for this policy?

  • Specifically designed for professionals

    This policy is designed to protect the legal liability of professionals and service-led business against the all too common risk of getting sued for negligent misconduct

  • Expansive coverage

    Apart from legal costs and damages, this insurance policy can also be extended to cover employee dishonesty and IPR infringement

  • Coverage for groups of professionals

    Hospitals, IT firms, Consultancy firms, etc. can purchase a group policy at a cheaper premium to cover all employed professionals under their wing

Learn about Errors and Omissions Insurance in detail HERE

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