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What is coverage of an Error & omission clause under property all risk insurance policy and public liability insurance policy?

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Question ajoutée par Baqar Ayaz , Assistant Manager Underwriting , Saudi Arabian Cooperative Insurance Company
Date de publication: 2014/03/31
Mamoun elbaghir abdalla mhamad Eltayeb
par Mamoun elbaghir abdalla mhamad Eltayeb , Insurance agent / Producer , Albaraka Insurance Company

 E & O insurance covers legal liability of an insured company for certain errors and omissions committed by the company  itself , or by persons whose errors and omissions the company is legally responsible such as employees acting within the scope of their employment . Because property all risk insurance as well as public liability insurance policies excluding errors and omissions coverage and not cover financial losses , E & O insurance policy fill the gap.

 Thanking You.

 

 

 

 

 

 

 

 

 

Baqar Ayaz
par Baqar Ayaz , Assistant Manager Underwriting , Saudi Arabian Cooperative Insurance Company

An insurance that protects the insured against liability for committing an error or omission in performance of professional duties. Generally, such policies are designed to cover financial losses rather than liability for bodily injury (BI) and property damage (PD).

 

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