Mistakes Happen. Protect
Your Business From the Fallout.
Whether you're a consultant, freelancer, or agency, E&O insurance safeguards your business against claims of negligence, errors, or missed deadlines.
Our Trusted Partners
Why Errors & Omissions Insurance is Vital for Business
E&O insurance protects your business from costly claims that can arise from service errors, professional mistakes, or failure to deliver promised results. It's essential protection for service-based businesses.
What Types Of Businesses Need Errors & Omissions Insurance Coverage?
Professional Services Firms
From legal advisors to accountants, E&O insurance, also known as professional and indemnity insurance, protects against claims of negligence or inadequate work.
Consultants and Advisors
Consultant insurance and insurance for financial advisors cover the risks associated with sharing professional advice.
Insurance Brokers
Insurance for brokers, including third-party insurance, ensures that brokers are protected against claims arising from errors in policy recommendations or management.
Technology Companies
Technology errors & omissions insurance shields tech firms from claims related to software failures, data breaches, or other tech-related issues that impact clients.
Financial Services Firms
Advisor insurance and indemnity insurance safeguards financial advisors and firms against claims of mismanagement or errors in financial planning and investment advice.
How will Errors & Omissions Insurance help the business?
A real estate agent mistakenly misrepresented the square footage of a property, leading a buyer to overpay. The buyer, upon discovering the error, sued the agent for negligence. Without this coverage, the agent could have faced bankruptcy due to legal fees and the obligation to compensate the buyer.
Don’t Let Mistakes Ruin Your Business
Errors & Omissions (E&O) insurance steps in to cover your legal defense costs and saving you from potentially devastating financial loss and reputational damage.
Inclusions
Negligence Claims
Covers claims arising from professional mistakes or oversights.
Defense Costs
Covers legal fees and expenses incurred in defending against E&O claims.
Settlements and Judgments
Pays for settlements or court-ordered judgments related to covered claims.
Breach of Duty
Protects against claims alleging failure to fulfill professional obligations.
Misrepresentation
Covers claims alleging false or misleading statements.
Defamation
Protection against claims of libel or slander.
Copyright Infringement
Covers claims of unauthorized use of intellectual property.
Exclusions
Intentional Acts
Losses due to deliberate wrongful actions are not covered.
Bodily Injury or Property Damage
Typically covered by other insurance types, not E&O.
Punitive Damages
Damages meant to punish, rather than compensate, are often excluded.
Prior Acts
Claims arising from events before the policy's start date aren't covered.
Contractual Liability
Liability from breach of contract is excluded unless specifically added.
Financial Security
Unmatched Customer Service
Comprehensive Protection
Competitive Pricing
Coverage tailored to your industry and risks
Why Buy Errors & Omissions (E&O) Insurance From Covrzy?
A simple error in your professional service, be it financial advising or software development, can attract costly legal claims. Errors & Omissions (E&O) insurance shields your business against these liabilities 24x7. Book a consultation with our experts today!
Financial Security
Unmatched Customer Service
Comprehensive Protection
Competitive Pricing
Coverage tailored to your industry and risks
Real Life Claim Story
An architecture company in Chennai was sued by a client for not providing approved structural drawings with complied safety measures. The client alleged professional negligence and breach of duty on the part of the firm, and sought heavy compensation.
Breach of Duty
E&O Insurance policy could have covered breach of duty and compensated for any lawsuits.
Financial Protection
The policy would help mitigate financial penalties and settlements.
Frequently Asked Questions
What is E&O insurance?
Errors & Omissions (E&O) insurance, also known as professional indemnity insurance, is a type of liability coverage that protects businesses and individuals against claims of negligence, mistakes, or failure to perform professional services. It covers legal costs, settlements, and damages awarded to claimants who have suffered financial losses due to these errors or omissions.
What is the cost of errors and omissions insurance?
What are the types of limits offered in Errors & Omissions (E&O) Insurance policy?
Do you have more questions?
Contact us for any queries related to business insurance, coverages, plans and policies. Our insurance experts will assist you.
Professional Negligence Attracts Costly Claims. Prevent It With E&O Insurance
Schedule a Free Consultation with Our E&O Insurance Specialists and Learn How We Can Help
