Yes, a professional indemnity insurance policy can give protection against copyright infringement lawsuits. Professional liability insurance, which is also called, errors & omissions insurance policy, offers coverage against professional risks and related legal expenditures. The errors and omissions insurance has an IPR infringement clause which offers coverage in case there is a violation of intellectual […]
Articles Tagged: Professional Liability Insurance Policy
What is a “Claims Made and Reported” in Professional Liability Insurance Policy?
Most of the professional liability insurance policies offer coverage on the basis of ‘claims made and reported basis’, requiring claims to be made and reported during the applicable policy tenure only. Simple right? However, there are certain components which must be satisfied to ensure the coverage,which are as below:- Make sure the coverage is active […]
How Much does Errors and Omissions Insurance Costs?
Overview The cost of Errors and Omissions (E&O) insurance depends on various factors such as business size, industry risk level, coverage limits, claim history, and annual revenue. On average, premiums in India can range between ₹7,000 to ₹50,000 per year for small to mid-sized businesses. Tailored quotes are typically provided based on individual business needs […]