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
