THE ORIENTAL INSURANCE COMPANY LIMITED

Regd.Office:Oriental House,P.B.No.7037,A-25/27,Asaf Ali Road,New Delhi-110 002


Professional Indemnity Errors & Omissions Insurance Policy for Consulting Engineers/Architects & Interior Decorators

Brief Description

This policy is available for professionals in their individual capacities and /or as firms either on annual basis or on project basis.The policy holder or the insured and their named employees will be indemnified for all sums they become legally liable to pay to their client as (1) Material Damage -ie destruction/damage/ loss to a tangible property (2) Construction Damage - wrong planning done by the insured.(3) Death ,bodily injury attributable to error.

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.
 

THE ORIENTAL INSURANCE COMPANY LIMITED


Corporate Office, Block - 4, Plate-A, NBCC Office Complex, Kidwai Nagar East,
New Delhi - 110023.

 

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 (Chattered Accountants, Financial Accountants, 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 established 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 committed in violation of any law or ordinance, services rendered while under the influence of intoxicants or narcotics.