Policy snapshot
A form of professional indemnity designed for service providers and consultants, especially in IT, media, finance, and marketing.
What is Errors & Omissions (E&O) Insurance?
E&O Insurance protects businesses against client claims of professional mistakes or failures in service delivery. It is essential for modern service firms.
What can it cover?
- The policy provides protection against legal liability due to errors, omissions, or failures in rendering professional services, including breach of contract or poor performance. Defence costs and compensation are covered.
Who should consider it?
- IT service providers, BPOs, media houses, consultants, Firms working under contracts with performance liability clauses
Key features to understand
- {"heading": "Key Features", "bullets": ["Covers unintentional breach of contract, misrepresentation, inaccurate advice", "Includes defence costs", "Tailored for tech, BPO, and creative industries", "Optional cyber and media liability add-ons"]}
What deserves attention before you buy?
Coverage, exclusions, sub-limits, deductibles, waiting periods, warranties and underwriting can vary between insurers and policy versions. The policy wording and schedule remain the definitive contract. Novo can help you review the relevant terms for your requirement.
Read the wording, not just the brochure
The schedule and policy wording determine the actual contract.
Compare meaningful differences
Look at exclusions, limits, deductibles, conditions and claim requirements—not premium alone.
Think beyond purchase
Servicing and claims-related support can matter as much as placement.