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Should You Buy A Professional Indemnity Insurance?

Professional Indemnity Insurance policy protects an individual from any third-party liability arising due to any mistake or decision made by the individual, working as a service provider in his/her professional capacity, that may have not gone down well with the party receiving the service. In certain professions like medical services, even a single mistake can […]

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Do I need professional indemnity Insurance as an engineering consultant?

An engineering consultant is a professional adviser who with his due diligence and reasonable skills provides assistance in engineering projects. Errors and omissions are part and parcel of professional services and Professional Indemnity Insurance (PLI) help you get covered against negligent acts, error or omission etc. In engineering projects, there are high chances of design […]

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Why is Errors & Omissions Insurance Important?

In the current scenario, professionals are working in an increasingly litigious atmosphere which leaves them liable for various allegations made by dissatisfied clients who may feel that they might have been harmed by the actions of a professional. If you have the Errors & Omissions (E&O) insurance policy, you can protect yourself from such lawsuits […]

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Who Should Buy Errors & Omissions Insurance?

The Errors & Omissions Insurance (E&O) policy shields you and your company against lawsuits that may be filed by those customers, stakeholders, etc.; who have incurred losses due to your services or products. Also called professional liability insurance, the E&O insurance policy covers judgment, settlement, and various defense costs. Even if the allegations are false, […]

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How does Professional Indemnity Insurance Benefit the IT Firms?

With the Professional Indemnity Insurance, IT Firms get the cover for legal expenses and cost occurred with any claim filed against them by any of their clients. The primary goal of a professional indemnity insurance is to safeguard IT professionals against any financial losses from lawsuits, which can be raised against them by their clients […]

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