Errors & Omissions Insurance

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  • Cover defence cost and third party financial loss
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  • Cover the company and employees against negligence claims
  • Cover infringement of intellectual property and privacy breaches.
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Advantages of Errors and Omissions Insurance

Worldwide Cover
Errors and omissions insurance offers worldwide cover including in the U.S. and Canada. Any claim arising due to work done around the world will be covered thus protecting your business worldwide.
Comprehensive Policy
Professional indemnity insurance offers coverage for a range of risks associated with your profession such as loss of data or documents and breach in confidential information which may result in legal proceedings.
Covers Sub-Contractors
Professional indemnity insurance offers protection to sub-contractors, consultants and other contractual staff. A company's subsidiaries, current and past employees are also covered under the insurance.
Affordable Premium
The premiums for professional indemnity insurances are reasonable. Premiums depends on the coverages taken when designing the insurance.

Benefits of Errors and Omissions Insurance

Range of Risks Covered

  • Errors and omissions indemnity policy covers the company or an individual against litigation filed by a third party for financial loss during the course of providing services.
  • Infringement of intellectual property including copyright, trademark and any trade secret is covered.
  • Claims related to misuse or misselling of any information that is either confidential or subject to restrictions is also covered.

Financial Protection to Business

  • Professional indemnity insurance for business will cover litigation costs arising out of a case filed by the 3rd party. It covers compensation determined, as payable to third parties, by the courts.
  • PI insurance policy also cover claims against the estates and legal representatives of the insured.
  • E&O insurance will cover the claim upto the full limit of indemnity, if the AOA:AOY is 1:1.

Additional Benefits

  • Other additional extensions available under indemnity insurance are defamation cover, libel and slander, and cover for employee dishonesty.
  • All claims based on incidences that took place after the retroactive date are covered. This is the date that the first indemnity insurance was bought, provided renewals have been timely.
  • Option to customize territory and jurisdiction as per requirement is also possible.


Errors and omissions insurance, also known as professional liability insurance covers the insured against any litigation resulting due to professional negligence, errors and omissions in service, or any wrongful act. Policy will indemnify the cost involved in legal liabilities such as defence cost, judicial rewards and settlement costs.
Copyright infringement means using any copyrighted work of an individual or a company without their permission. Errors and omissions insurance has add on cover called IPR infringement which covers the claim arising from the violation of copyright law, which can be due the use of images, slogans, designed work, research, without the permission of its owner.
Errors and omissions policy will pay for the costs, fees and expenses incurred during investigation and trial period. It would include lawyer and legal representative fees and in some case settlement costs. Expenses of your representation at court, inquiry or any other proceeding which have direct relevance with any claim arised is also covered under liability insurance
Any criminal, intentional, fraudulent, willful and malicious activities are not covered under the professional indemnity insurance. Also, bodily harm to any person and damage to the property is also generally excluded from the policy. Further, punitive fines, penalties or damages are not covered. Lastly, claims occurred prior to policy period are also excluded from the policy.
Under errors and omissions, claims can arise from various factors such as professional negligence, breach of information, copyright infringement. Clients can sue a service provider for their financial loss occurred due to wrongful or act of dishonesty by an employee during the course of providing services.
In case of any claim, you should first immediately intimate us and we will further inform the insurer. Following that insurer will then appoint an investigator or a lawyer to administer the claim. Further, you will have to timely submit all the claim documents required by the insurance company for the smooth claim processing.
No, the claim pertaining to a period before the retroactive date are not covered. If there is a break in the renewal of the professional liability policy then there would also be a new retroactive date. Hence, it is recommended to renew your liability policy on regular basis in order to maintain the same retroactive date in the policy.
Most of the liability claims gets rejected due to non-declaration of all the facts and information while buying the insurance. Hence, it is recommended to declare all the information as per your best knowledge in order to avoid any surprises during the claim process. Another important factor which you need to keep in mind is that claims process is followed religiously, starting from timely intimation of the claim to submission of all the required documents to the insurer.
The premium for an E&O insurance depends upon various factors, such as type of business/profession, size of the business, type of services offered,etc. Further, premium would also depend upon the claim history, sum insured & benefits opted, and territory/jurisdiction of your business operations.
We have designed the most exhausted policy coverage available in the market for our clients. Our liability insurance covers most of the extensions with a very competitive premium. Our most comprehensive policy costs less than most of the standard policy offered currently in the market. Hence, we recommended our clients to buy the liability insurance from a holistic coverage approach and leave the premium negotiation upto us.
As mentioned above, our policies are already highly discounted with a superior coverage but if you have a limited budget than there various ways to reduce the premium of the liability insurance. You can reduce your premium by reducing the sum insured, limiting your territory/jurisdiction to India only, reducing the AOA:AOY ratio and increasing the excess amount.
There is no fixed chart for the discount on premium during next year renewal in case you don't take any claim during the year. Having said that, insurance companies do consider no claim as one the key factor while pricing for the next year. There are other factors too involved in the underwriting the renewal policy such as change in sum insured, change in size of the business in terms of sales and employee count or any addition of the extensions in the policy.
Professional indemnity insurance bought by individual practitioners such as doctors, lawyers, architects, consultants, graphic designers, etc. Also, companies in the servicing sectors also can buy an E&O insurance to cover themselves from the legal liability which may arise during the course of providing services to their clients. Companies in IT or software development, Marketing sector, BPOs & KPOs, financial services takes this liability insurance.
If you are offering any service to the client then you should consider buying professional indemnity policy. For you, failure to perform your professional duty could lead to the legal lawsuit. Even if it is not your fault, you may still get sued by your client. Buying errors and omissions insurance will protect you against such lawsuits and any damage to your reputation.
There are various ways safeguard one can take to avoid any potential claims in the errors & omission insurance policy. Few of the key practices are maintaining records of all the communications and transactions with all parties involved to your business, doing business as per the laws of land, training your team to do ethical way of business.
An extended reporting period, also known as tail coverage, is a certain period during which you can file the claim even after your professional liability insurance has expired. During this period, the policy will cover you for the claims which occur during policy tenure. The length of the extended reporting period is decided by the insurance company and is generally of 30 days.


What are the Clauses Under Errors and Omissions Insurance Policy?

Errors and omissions insurance or professional indemnity cover offers protection to the company and its subsidiaries against various claims which can arise in respect of negligence, errors or omissions while discharging their professional services.

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