Who needs errors and omissions insurance?
Businesses that provide advice, consultancy, or offer a professional service should consider Errors and omissions (E&O). If you handle data or intellectual property belonging to your clients, it's often a contractual requirement. It is also known as professional indemnity insurance.
Benefits of errors and omissions insurance
Cover against mistakes
We all make mistakes from time to time - that's just life. But when you or your employees give bad advice or make a mistake it can end up costing your client, and you, big time! Professional Indemnity (PI) will cover you for the costs arising from negligence claims made against you.
Protect your reputation
For most of us, reputation is a key element of ongoing success. Our cover provides public relationship and crisis management, to help protect your brand and reputation when things go wrong. Errors and omissions insurance is also known as professional indemnity insurance. Find out more about here.
Intellectual property infringement
With today's rate of content creation, your chances of accidentally breaching copyright and intellectual property (IP) are increasing. With our cover, you're not only covered for your mistakes, but we'll pay up to £25,000 in legal costs defending your business from others.
We're the British Insurance Awards 2018 Insurance Start-up Winner - recognised for our innovative range of covers, online customer experience and flexible subscription model, which make buying and managing insurance easy and accessible for businesses in the digital industries.
Other covers to consider
Employers liability insurance
Covers your liability to employees for bodily injury or work-related sickness.
Cyber liability insurance
Covers your liability for failing to protect data, as well as penalties for not complying with data protection law.
Contents and equipment insurance
Protects your property against theft, loss or damage.
Covers you for negligence in media content and advertising, including website, blogs and social media.
Public liability insurance
Covers your liability to members of the public for bodily injury or damage to their property.
Commercial legal protection
Covers compensation awards, professional fees and legal costs associated with a range of legal disputes.
Mental Health Day feature: Unmind
"People are now really recognising that mental wellbeing is a significant issue to consider and something that is really affecting the way they work."
Top 7 most comprehensive tools for mental wellbeing
As mental health has been a topic on the rise in the last few years, so have been the alternative methods of support. We had a chat about what we use at Digital Risks and collected some of our favourite tools.
Excellent value at an affordable monthly cost. I have not needed use the services. But its good to know I have the insurance there to allow me to get on with my work.
James, J. Black Photography
Flexible. simple, easy, immediate. As a busy freelancer I need flexibility to potentially change the policy month by month - very handy and a feature I didn't find with other providers.
Tim, Graphic Design Freelancer
Excellent service, and really lovely people. Completely understanding of small or start up businesses, and a willingness/ability to be flexible. I'm very happy.
Lorna, Magic Penny Gifts
A super slick interface and all around great experience. Thumbs up Digital Risks! Having spoken to a number of "large" insurers, the pricing I received from Digital Risks was much more competitively priced for "like for like" cover. Highly recommended.
Authorised by the FCA
The FCA supervises UK financial services firms to protect consumers. We are directly authorised and regulated by the FCA and our Firm Reference Number is 656459. These details can be confirmed on the Financial Services Register at www.fca.org.uk or by calling the FCA on 0845 606 1234.
A-rated financial strength
Our insurance products are underwritten by Standard & Poor’s A-rated financial strength or higher. This means the underwriter has been independently assessed by the world’s leading credit rating provider and found to have a strong capacity to meet financial commitments (pay claims).
Protected by the FSCS
If you are a business with an annual turnover under £1m, charity with an annual income under £1m, or trust with net assets under £1m, then you will be entitled to compensation from the FSCS in the unlikely event we cannot meet our obligations. Full details and further information on the scheme are available at www.fscs.org.uk