Errors and Omissions Indemnity
Coverage for financial losses due to errors, omissions, or negligence in duties.
In today’s competitive tech landscape, project disputes and legal claims are rising. Errors and Omissions (E&O) Indemnity Insurance provides essential protection for technology companies against financial losses due to claims of negligence, mistakes, or failures in service delivery. It ensures that businesses can operate with confidence while mitigating legal risks.
Key Benefits
- Covers legal defense and settlement costs
- Protects against claims of professional negligence and errors
- Essential for IT and tech service providers in global markets
- Enhances credibility and trust with clients
Health Cover Up
to ₹50 Lacs
What is Errors and Omissions Indemnity?
Errors and Omissions (E&O) Indemnity Insurance protects businesses from claims related to professional mistakes, negligence, or failure to meet contractual obligations. This coverage is crucial for technology companies facing project disputes, unsatisfied clients, or high-value claims that could result in financial loss.
Why do you need Errors and Omissions Indemnity?
Protection Against Legal Claims
Covers lawsuits related to negligence, errors, or omissions in service.
Safeguard Financial Stability
Prevents high legal costs and settlements from impacting your business.
Enhance Client Trust
Demonstrates professionalism and reliability in delivering services.
Essential for Tech & Service Providers
Required for IT, consultants, and businesses handling critical projects.
Why choose Insurance Manager to protect your business?
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Comprehensive Protection for Your Workforce
Ensure employee well-being with complete health insurance coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Cost-Effective Group Insurance Plans
Affordable plans with benefits like maternity, critical illness, and dependent coverage.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Peace of Mind for Employers and Employees
Reduce financial stress with cashless claims and reimbursement options.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
Boost Employee Productivity and Retention
Build loyalty and motivation by easing economic and mental burdens.
What does Errors and Omissions Indemnity
cover and exclude?
Plan Coverage
Contractual Breach Protection
Covers unintentional breaches of written contracts related to deliverables.
Defective Deliverables Coverage
Protects against claims due to material defects or non-conformance with specifications.
Failure to Meet Quality Standards
Provides coverage for claims arising from non-compliance with statutory quality, safety, or fitness requirements.
Negligence Protection
Covers negligent acts, errors, omissions, misstatements, or misrepresentations.
Intellectual Property Rights Infringement
Protects against claims related to copyright, trademark, trade dress, or moral rights violations (excluding patents or trade secrets).
Breach of Confidentiality
Covers claims for misuse of confidential information or infringement of privacy rights.
Defamation Protection
Shields against claims related to libel, slander, reputational harm, and false statements.
Civil Liability Coverage
Provides broad protection against various civil liability claims beyond contractual breaches.
- In-patient treatment 24 hours a day
- Pre-existing disease
- Pre and Post hospitalization
- Domiciliary hospitalization expenses
- Reimbursement of cost of health check-up
- All day care procedure
- Family floater to covers member’s immediate family such as a spouse, dependent children, dependent parents, etc.
- Maternity benefits
- Dental treatment
- Cost of spectacles, contact lenses
- Waiver of waiting period
- Waiver of first-year exclusions
- Reimbursement of ambulance costs
- Baby day one care
- Vaccination benefits
- Increased room rent limits
- Corporate buffer
- Out-patient treatment (OPD Card)
- Root canal surgery
- In-hospitalization expenses due to sickness or accidents
- Room and boarding expenses as provided by the hospital/nursing home.
- Nursing expenses.
- Surgeon, anesthetist, medical practitioner, consultants or specialist fees.
- Anesthesia, blood, oxygen, operation theatre charges, surgical appliances, medicines and drugs, diagnostic materials and X-Ray, dialysis or chemotherapy.
Major Exclusions
Third-Party Service Failures
Excludes claims related to service interruptions from ISPs, telecom, or utility providers unless the insured provides those services.
Patent Infringement
Does not cover any actual or alleged infringement of patents or trademarks.
Financial Transaction Issues
Excludes claims arising from non-payment, part-payment, late payment, or fraudulent use of credit, debit, charge, or store cards.
Fines and Penalties
Does not cover fines, contractual penalties, regulatory sanctions, or legal violations.
Malicious Software Attacks
Excludes damages caused by viruses, worms, logic bombs, or Trojan horses that replicate indiscriminately.
Hardware and Software Failures
Does not cover claims due to equipment, hardware, firmware, or software failures.
Unauthorized Use of Data
Excludes liabilities arising from unauthorized access, data breaches, or cyber fraud.
Deliberate or Fraudulent Acts
Does not cover intentional wrongdoing, fraud, or criminal acts by the insured.
- If the appropriate waiver is not opted for, then the policy will not cover
- Treatment of pre-existing illnesses.
- Any treatment for illnesses/diseases within the first 30 days of the policy, unless it is an accident.
- Treatment of specified illnesses for the first year of the policy.
- Certain diseases like hernia, cataract, piles, sinusitis, etc are excluded during the first year of operation in the cover.
- Any claim arising out of or traceable to pregnancy.
- Ayurvedic, homeopathy, naturopathy or any other form of local medication.
- Alcoholism, drug abuse, and AIDS.
- Dental treatment or surgery unless it requires hospitalization.
- Cost of spectacles.
- Vaccination and inoculation.
- Cosmetic treatment.
Your Journey to Insurance Manager
When can I Claim?
A claim under Errors and Omissions Indemnity can be registered in the below circumstances:
- If a client alleges negligence, misrepresentation, or errors in service
- When facing legal action due to project disputes or contract breaches
- If financial loss arises from unintentional mistakes or failure to deliver services
Claim what’s yours with Insurance Manager
Have more questions?
Submission
Assessment
