Professional Indemnity Errors & Omissions Insurance For Chartered Accountants/Financial Accountants/Management Consultants/ Lawyers/ Advocates/ Solicitors/Counsels
Brief Description :
The Policy will indemnify the Insured in respect of ERRORS and / or OMISSIONS on the part of the Accountants (Chatered Accountants,Financial Accontants,Management Consultants)/Lawyers (Advocates/Solicitors/Counsels),his named employees, partners while rendering professional services.In normal course all claims for compensation have to be legally establised in the court of law.
Covered Risks :
All sums which the insured becomes legally liable to pay as damages to third party in respect of Errors and/or Omissions on the part of the Insured whilst rendering professional services, arising out of claims first made in writing against the insured during the policy period, including legal costs and expenses incurred with the prior consent of insurer, subject to the limits of indemnity.
Major Exclusions :
When any liability arises out of any criminal act or act commited in violation of any law or ordinance, services rendered while under the influence of intoxicants or narcotics.