Professional Indemnity or Errors & Omissions Insurance
Professional Indemnity or Errors & Omissions insurance protects professionals and businesses providing professional services to their clients against any legal liability due to a negligent act, errors or omission committed , which results in a financial loss for their principal .
What is covered:
Contractual Liability
Loss of documents
Intellectual Property Rights (excl. Patents and trade secrets)
Employee dishonesty
Defamation
Attorney and Court Attendance Fees
Judicial Settlements
Legal Representation costs incurred towards investigation & defence of the claim
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