A professional indemnity insurance policy is also called errors and omissions insurance. It offers financial relief to a policyholder if they are sued for professional negligence or acts of omission/negligence. In such cases, the policy also covers defense costs, i.e., lawyer fees as well as court-awarded compensation for the plaintiff. Notice served to the policyholder […]
Articles Tagged: professional liability 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. […]
What Is the Right Time to Buy Architect Professional Liability Insurance?
The answer is—Before you start working on any project. Read on to know what the policy entails. The decision to purchase architect professional liability Insurance is indeed a watershed moment for most of the architects and young companies. It also means that the company has grabbed a project on a high scale or a significant […]
Cyber risk insurance in India: More window shoppers than converts even after attacks
Published in Factordaily on 24th August 2017 A company is hit by ransomware every 40 seconds somewhere in the world, thanks to the rise of the ransomware-as-a-service model that is available ‘on demand’ to criminal gangs who increasingly target businesses. To date, 2017 has seen this trend play out in full force, with high-profile attacks […]