Professional Indemnity Liability Insurance

Professional Indemnity Policy 'Indemnity insurance provides coverage to protect a business against negligence claims due to financial harm resulting from mistakes or failure to perform. Errors and omissions (E&O) coverage is required by businesses engaged in financial and legal services, such as insurance, accounting, mortgage lending and law firms. Other professions and occupations, such as contractors, consultants and maintenance professionals carry indemnity insurance as a practical matter because of their exposure to “failure to perform” claims.