Professional Indemnity / Errors & Omission Insurance
Also known as Professional Liability or Errors & Omissions (E&O) is the insurance that covers an organization if a client holds you responsible for a service you provided, or failed to provide, that did not have the expected or promised results.
Even if the allegations are found to be groundless, the money required to defend the lawsuit that can bankrupt a smaller company or an individual and have a lasting effect on the bottom line of larger companies.
Basically, if you are in the business of providing services to clients for a fee, then you are exposed to the risk of Error & Omission. In the event that the service is note delivered as per your client’s expectations, it will leave you vulnerable to a future lawsuit.
E&O provides crucial protection when an error or omission on your part has caused a financial loss for your client. Our team of experts with their in-depth knowledge and experience have tailor made solutions designed to safeguard you against such incidents and we give you the confidence with our knowledge and resources to protect you against such losses in the best way possible.