Future Generali Errors & Omissions Insurance: Inclusions
The Future Generali Errors & Omissions insurance policy gives protection to the insured business against the following risks-
- Coverage for the third-party loss arising solely out of negligence or a mistake by the insured party or company
- Coverage for all the legal expenses
Disclaimer- check the policy wordings offered by the insurance company to understand Future Generali Errors & Omissions insurance coverage in detail.
Future Generali Errors & Omissions Insurance: Exclusions
Here are some common exclusions under Future Generali errors & omissions insurance-
- No coverage for loss of profit arising due to consequences of the insured party to which the insured was not legally entitled
- No coverage for the losses arising due to dishonesty or intentional damage
- No coverage for the damages due to illegal activities
- No coverage for the trading losses of the insured party
- No coverage for the damages or losses arising due to war, terrorism, or pollution
- No coverage for the losses arising due to fines or penalties
Disclaimer- check the policy wordings offered by the insurance company to understand Future Generali Errors & Omissions insurance coverage in detail.
Who Should Buy Future Generali Errors & Omissions Insurance Policy?
This insurance policy offers coverage to the following individuals/entities-
- Financial planners & institutions
- Insurance brokers & agents
- Lawyers & law firms
- Consultants
- Call centers/Business Process Outsourcing (BPO) companies
- Information Technology (IT) Companies
- Doctors & medical professionals
- Other professionals
Future Generali Errors & Omissions Insurance: Claim Process
To raise a claim under the Future Generali Errors & Omissions insurance policy, follow the below steps-
- Inform the insurer about the incident as early as possible
- Download the claim intimation form, fill it up, sign & stamp it and submit it to the insurer
- Tell the insurer the chronology of events causing losses or damages
- Share if the insured party has received any formal letter or legal notice with the insurance company
- If there is any legal proceeding initiated before this incident share it with the insurer
- Share any email or correspondence exchanged between the insured and the claimant with the insurer
- Inform the insurance provider about the estimated loss involved in the incident along with the current status of it
- At last, the insurer will initiate the claim settlement process only after checking the coverage under the insurance plan and being satisfied with all the requirements.
Future Generali Errors & Omissions Insurance: Documents Required
Below is the list of mandatory documents required to complete the claim settlement process-
- PAN Card
- Aadhar Card
- Electricity Bill
- GST Registration Certificate
- Address proof of the loss location
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