Errors & Omission Policy (Professional Indemnity Insurance) Are your data losses covered under an Errors & Omission Policy or Cyber Security Policy? (Two-minute read for #CISOs, #Directors, #CFOs, #CTO, #Cyber Consultants, #Startups) An Errors & Omission policy (Professional Indemnity Insurance) is taken to cover business service lapses where a customer incurs a loss due to […]
Do you know that Cyber Security risk can be covered under a Tech E&O policy? Nowadays, almost all clients require cyber security insurance as part of their contractual requirements with Indian businesses. However, taking a stand-alone cyber policy in India is becoming increasingly difficult and costly due to the recent surge in cyber-attacks. Stricter […]
This is an important policy for organisations particularly startups to manage the setback of losing a critical employee. What is Keyman Insurance Policy? When a company feels that the loss of certain employees can significantly impact its performance, then it purchases a Keyman Business Insurance Policy where: · The policy is proposed by the company · Premium […]
Employee Death, Stressful Work Environment, Legal Cases, Govt Investigation – EPLI In the start of the early 2000’s, working in service sectors like banks, IT and ITES was considered a safe job. People thronged to work in these sectors as they were physically less demanding, today the whole scenario has started changing, with mounting competition […]
D&O = Directors & Officers liability insurance. It shields the personal assets of board members, CEOs, HR directors, and other executives when they’re sued for decisions made in their official capacity. – “Protects Leaders During Restructuring Lawsuits” refers to the specific scenario where a company’s restructuring (e.g., layoffs, re‑orgs) triggers claims such as wrongful termination, age […]
D&O vs. E&O – At a Glance Directors & Officers (D&O) – Shields personal assets of directors, officers, and often the company itself from lawsuits alleging wrongful managerial acts (breach of fiduciary duty, mismanagement, regulatory violations). It helps attract top talent by covering legal costs and settlements tied to board‑level decisions. Errors & Omissions (E&O) – […]
Mitigating Financial Impact of Software Errors with E&O Coverage A single coding error has the potential to generate substantial financial consequences, including missed trade opportunities, dissemination of inaccurate data, exposure to regulatory fines, and erosion of client confidence. Professional Indemnity (Errors & Omissions) insurance is designed to address these risks by providing coverage for: – […]
In the scenario of Fraudulent Advice & Employee Absconding, where an employee of a financial advisory firm deliberately provides fraudulent investment advice and subsequently absconds, a standard Professional Indemnity (PI) policy would typically respond. Coverage may be triggered under the “Employee Dishonesty” or “Fraud” extension of the policy, potentially indemnifying the firm for: – Legal […]
Professional Indemnity Insurance: Your Shield Against Professional Negligence Claims Delivering high-quality services is expected, but mistakes can happen. Protect yourself and your business from professional negligence claims with PI Insurance. It covers: – Legal costs and defense fees – Compensation and damages – Reputational damage – Breach of confidentiality – Misrepresentation Why You Need PI […]
IPR Infringement? E&O/PI Insurance to the Rescue. Safeguard your business from costly lawsuits and financial losses. E&O/PI Insurance provides coverage for: Accidental copyright infringement Trademark disputes Patent infringement claims Protect your reputation, finances, and creativity. Let’s discuss how E&O/PI Insurance can be your safety net!