Professional Indemnity for Companies (Errors and Omissions)

Errors & Omissions Insurance

• Errors and omissions insurance is a type of professional liability insurance.
• It is designed to protect individuals and businesses from financial losses resulting from claims of inadequate work, errors, or negligence in the services etc that they provide.

Benefits of Errors & Omissions Insurance

• Lawyer's fees: This refers to the charges imposed by the lawyer for the time spent on your case. Lawyers often bill their clients on an hourly basis for the work they do, such as research, consultations, and court appearances.
• Hiring expert witnesses' costs: In legal cases, expert witnesses may be brought in to provide specialized knowledge or opinions related to the case. These witnesses are typically professionals with expertise in specific fields relevant to the lawsuit. Their fees and expenses are covered under this cost.
• Administrative Costs for Handling Case Files: Legal cases generate paperwork and administrative tasks. These costs cover expenses related to document preparation, filing fees, and other administrative necessities.
• Court Expenses: This includes fees associated with filing court documents, serving legal papers to parties involved, and other costs incurred during court proceedings.

Policybazaar Advantages

• Assistance during Claim: 24X7 claim assistance for a hassle-free settlement.
• Relationship Manager Assigned: A dedicated relationship manager is assigned to resolve service-related queries.
• Expert Assistant: Expert advisors provide complete assistance to assess business risks and offer the best coverage options.
• Multiple Modes of Communication: Swift responses through multiple communication modes: Call, Email, WhatsApp, Video Conference, or In-Person meetings.