By Janardhan N 
Choose the Best Errors & Omissions Insurance Provider- Avoid Costly Claims!
No matter how much you try, errors are inevitable, and businesses face growing risks related to negligence, mistakes, or failures in their services or advice.
This is where Errors and Omissions (E&O) Insurance comes in—a safety net to protect businesses against costly lawsuits arising from such mistakes.
With more companies offering E&O insurance coverage customized to various sectors, it’s essential to evaluate the right provider for your business needs.
Here’s a comprehensive guide to the Top 10 E&O Insurance Providers in 2025, helping you make an informed decision for your business.
E&O Vs. PI Insurance (Professional Indemnity Insurance)
| Feature | E&O Insurance | PI Insurance |
|---|---|---|
| Target Audience | All professionals providing advice or services | Professionals providing specific advice or services (e.g., consultants) |
| Coverage | Covers errors and omissions in services provided | Covers negligence in giving professional advice |
| Legal Protection | Provides legal defense against claims of negligence, errors, or omissions | Covers defense costs for professional mistakes |
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Top 10 Errors & Omissions Insurance Providers
1 . ICICI Lombard
ICICI Lombard is one of India’s leading insurance providers, offering a comprehensive Errors & Omissions (E&O) Insurance policy that helps businesses and professionals protect themselves from claims related to negligence, errors, or omissions in their services.
ICICI Lombard’s E&O Insurance for professionals like consultants, engineers, lawyers, and IT firms. This crucial solution safeguards businesses against risks associated with professional advice or services that could lead to client financial losses.
Primary Features:
- Legal fees and court costs coverage.
- Settlements and judgments protection.
- Coverage for professional negligence, errors, and omissions.
- Breach of contract claims protection.
2. HDFC ERGO
HDFC ERGO is a well-established provider in the Indian market, offering E&O Insurance specifically designed for businesses across various industries, including IT, finance, and consulting.
As part of one of the largest private insurance companies in India, HDFC ERGO’s Errors & Omissions Insurance protects professionals from the legal and financial consequences that may arise from failing to meet the professional standard of care.
The policy is particularly suitable for organizations seeking scalable solutions with specific industry coverage, offering comprehensive protection for businesses that rely on professional advice and services.
Primary Features:
- Scalable coverage based on business needs.
- Defense costs, settlements, and judgments are covered.
- “Claims made” policies for continuous coverage.
- Industry-specific solutions (e.g., IT and finance).
3. SBI General
SBI General, part of India’s largest banking group, offers a comprehensive Errors & Omissions (E&O) Insurance plan that safeguards businesses against financial losses resulting from claims of negligence, errors, or omissions.
Beneficial for architecture, engineering, consultancy, and IT firms, SBI General’s E&O policy offers protection, ensuring smooth operations without financial burdens from professional mistakes.
Primary Features:
- Legal cost protection and settlement payouts.
- Coverage for negligence, errors, and omissions.
- Flexible coverage limits.
4. Iffco Tokio
Iffco Tokio specializes in providing Errors & Omissions (E&O) Insurance, refining its solutions to the unique needs of IT and ITeS (Information Technology and Enabled Services) companies. Their E&O insurance policy is designed to provide financial protection against claims arising from errors, omissions, or negligent acts committed in the course of their professional services.
Iffco Tokio offers crucial coverage for tech businesses, protecting IT professionals from common risks and potential financial losses due to software, service, or consultancy errors.
Primary Features:
- Covers failure of standard packaged software and consultancy services.
- Protection against breaches of intellectual property and privacy.
- Coverage for defamation and breach of contract.
- Focused on IT and ITeS industries.
5. TATA AIG
Tata AIG is a trusted name in the insurance sector, offering a wide range of coverage options, including Errors & Omissions (E&O) Insurance. With a focus on professionals in industries such as IT, consulting, and law, TATA AIG’s E&O Insurance protects against financial losses resulting from claims of negligence or failure to meet contractual obligations.
Known for offering flexible, customized insurance solutions, TATA AIG ensures that businesses can select the coverage that best suits their needs, with the added benefit of global coverage for international operations.
Primary Features:
- Worldwide coverage, including claims from outside India.
- Offers Subcontractor coverage.
- Coverage for legal defense costs and damages.
- Customizable policies for various industries.
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6. Bajaj Allianz
Bajaj Allianz offers Professional Liability (E&O) Insurance to professionals across various sectors, including healthcare, law, architecture, and engineering. This plan protects professionals against claims of negligence, errors, and omissions, preserving their reputation and financial stability.
Bajaj Allianz’s plan is designed to provide extensive financial protection, covering legal defense costs, settlements, and potential judgments, making it a vital tool for businesses exposed to professional risks.
Primary Features:
- Protection against claims of negligence, errors, or omissions.
- Legal defense costs and settlement coverage.
- Comprehensive coverage with flexible options.
- Claims related to missed deadlines and breach of contract.
7. Kotak Zurich
Kotak Zurich can be your option if you belong to industries that provide businesses with crucial protection against professional liabilities. Known for its customer-centric approach, Kotak Zurich’s E&O insurance is designed to cover errors or omissions that could result in financial harm to clients.
Their policy encompasses legal fees, settlements, and judgments, allowing professionals to continue their services with the peace of mind that they have comprehensive protection against lawsuits.
Primary Features:
- Coverage for IT, legal, engineering, and consulting professionals.
- Legal Liability Protection for negligence, errors, or omissions.
- Mitigation Costs to reduce claim impact.
- Worldwide Coverage for Global Protection.
8. Go Digit
GoDigit (Digit Insurance) offers a simplified and transparent approach to E&O Insurance, specifically designed to protect businesses from lawsuits resulting from professional negligence, errors, or omissions. Aimed at providing clear and easy-to-understand policies, Go Digit’s E&O insurance covers a wide range of professionals, including consultants, architects, engineers, and other service providers.
With a focus on delivering cost-effective protection, Go Digit ensures that businesses can defend themselves against potential claims without overwhelming financial strain.
Primary Features:
- Prominent for consultants, architects, and other service providers.
- Legal defense costs and settlement protection.
- Transparent and straightforward claims process.
- Financial protection against the costs of defending lawsuits.
9. Reliance
Reliance General Insurance offers a firm E&O Insurance policy designed to protect businesses from financial liabilities resulting from claims of negligence or errors in professional services. Their E&O insurance caters to professionals in fields such as healthcare, legal, and consulting, ensuring that they are covered against legal expenses and damages.
Reliance’s extensive coverage provides peace of mind, knowing that businesses are safeguarded from the potential financial impacts of a professional error or omission.
Primary Features:
- Coverage for legal costs, settlements, and damages.
- Protection for professionals, including doctors, lawyers, and consultants.
- Claims management support to handle potential legal battles.
- Comprehensive coverage for a wide range of industries.
10. Raheja QBE
Raheja QBE offers comprehensive E&O Insurance that protects professionals from legal liabilities arising from negligence, errors, or omissions in their professional services. With the ability to tailor policies to suit specific business needs, Raheja QBE’s E&O insurance provides coverage for legal expenses and damages, ensuring professionals are financially protected against potential lawsuits.
Primary Features:
- Worldwide coverage with customizable limits and deductibles.
- Indemnification for damages and legal obligations.
- Extended reporting periods for claims reported after policy expiry.
- Tailored policies to suit a variety of professional sectors.
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Comparing the Best Errors & Omissions Insurance Providers
| Provider | Target Audience | Coverage |
|---|---|---|
| ICICI Lombard | IT professionals, consultants, lawyers | Legal fees, settlements, negligence |
| HDFC ERGO | IT, finance, and general professionals | Scalable, defense costs, industry-specific |
| SBI General | Architects, consultants, IT professionals | Legal costs, tailored for industries |
| IFFCO Tokio | IT, ITeS, tech companies | Software failure, consultancy errors |
| TATA AIG | IT, consultants, law firms, financial sectors | Legal fees, worldwide coverage |
| Bajaj Allianz | Doctors, lawyers, architects | Financial loss, legal defense |
| Kotak Zurich | Various professionals | Legal defense, negligence, errors |
| Go Digit | Consultants, architects, engineers | Legal costs, settlement protection |
| Reliance | Healthcare, legal, consultants | Legal expenses, settlements |
| Raheja QBE | Professionals worldwide | Indemnification, worldwide coverage |
Conclusion
Errors and Omissions Insurance is a vital safeguard for businesses across various industries. An E&O insurance ensures that your IT, healthcare, consulting, or finance business is protected against the inevitable risks associated with providing professional services.
To effectively mitigate legal risks and thrive in a rapidly evolving digital world, businesses must understand the unique features of each E&O provider and select the best fit for their needs.
At Mitigata, we don’t just provide insurance; we provide comprehensive cybersecurity solutions that protect your business and clients from unforeseen risks. Choose Mitigata today and take control of your business security with confidence.