In the course of business, companies sometimes find themselves in disputes over alleged failures of their services or products that have caused financial damage to third parties. A Professional Indemnity policy will cover defense and settlement expenses associated with services provided as a consultant, designer, professional (lawyer, healthcare worker, accountant, engineer, etc.) as well as policies that cover products such as technology and other equipment.
An E&O insurance policy protects producers and directors from liabilities arising from lawsuits that allege: