Errors and omissions insurance (also referred to as E&O coverage) is a specialized type of insurance designed to protect Notaries from financial losses they may incur due to unintentional errors or omissions in the course of performing their duties as Notary. The purpose of this type of insurance is to cover potential claims against the […]
Articles Tagged: Errors and Omissions Insurance
How much professional indemnity insurance cover do I need?
Professional Indemnity Insurance provides financial protection against negligence, breach of duty etc. if being a professional you are not prepared for events like error or omission, breach of duty etc, it can prove to be the recipe for ultimate failure. It is very important to buy professional indemnity insurance with an optimum level of coverage. […]
Buying Professional Indemnity Insurance? 5 Mistakes to Avoid
It’s widely known that companies and professionals alike enjoy numerous benefits by purchasing professional indemnity insurance. Also called errors and omissions insurance, this type of policy offers financial assistance in the event that a lawsuit is brought against professionals or companies, and they are held responsible for professional negligence or error. However, when you decide […]
What is libel and slander clause in professional indemnity insurance?
It is a useful clause in a professional indemnity insurance, which offers coverage against defamation cases filed against the policyholder. Libel and Slander include those defamatory statements or materials which can have the negative impact on the reputation of a person in the eyes of the other. Here the statement may be made either in […]
How Premium is Decided Under Professional Indemnity Insurance
A professional indemnity insurance plays a crucial role by offering you financial coverage against professional negligence and errors. Within the field of risk management, buying a professional indemnity insurance (also called errors & omissions insurance policy) is a crucial step which you can take towards hedging your potential risks. If you are in the market […]