Optima Insurance Brokers Pvt. Ltd.

INSURANCE POLICIES

Legal Liabiliities

Companies are often exposed to legal liabilities arising out of breach of duty of care to the general public and their customers. Directors and officers of a company are exposed to liability as a fallout of the various decisions taken by them during the day to day functioning.Specific policies can be taken to cover legal liabilities of companies, directors and officers and other commercial establishments.

Professional Indemnity/ Errors and Omissions

Errors & Omissions Insurance is a professional liability insurance that protects companies and individuals against claims made by clients for inadequate work or negligent actions.

An error or omission, a mistake, which causes financial harm to another, can occur on almost any transaction in any profession. This type of insurance helps to protect a professional, an individual or a company, from bearing the full cost of defense for lawsuits relating to an error or omission in providing covered Professional Services.

The policy covers businesses against:

  • Legal liability of the insured towards damages to customers with respect to financial losses incurred by them due to negligence of the insured
  • Legal costs and expenses incurred by the Insured.

Limit of Liability:

The total liability of the insurer has two limits: Per Claim Limit called AOA limit (Any One Accident) and Per Annum Limit called AOY Limit (Any One Year)

Major Exclusions are:

  • Pure financial losses and insolvency
  • Libel, slander & defamation
  • Infringement of patent, copyright, trademark, IPR
  • Financial Guarantee & Insolvency
  • Damage to own property
  • Contractual Liability
  • Punitive & Exemplary damages
  • Political risks
  • War, civil war, terrorism & sabotage
  • Prior acts and pending litigation


Optima’s core group has more than 100 man-years of experience in insurance. Our experience has trained us in reading the fine print of insurance policies, understanding it and applying it for the benefit of our clients.

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Corporate Office

M6, M Block Market, Greater Kailash-II, New Delhi-110 048
+91-11-40 50 51 52, +91-11-40 50 51 53

Registered Office

M4, Greater Kailash-II, New Delhi-100 048
+91-11-40505159
info@optima.co.in

IRDA Registration Number 326  |  CIN : U66030DL2000PTC103603  |  Category : Direct Broker (Life and Non-Life)  |  License period : 22-03-2018 to 21-03-2021
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