In order to file a claim in Error and Omission/Professional Indemnity policy the insured has to be in receipt of a legal notice from the claimant.
The Insured needs to inform the insurance company about the legal notice received by it within the stipulated period post which insurance company will start claim management process.
For a claim to be valid it should meet following conditions on account of Negligence/ Error/Omission on the part of insured. It can only be proven if it has
- Existence of duty of care
- Breach of this duty
- Injury suffered by a person or property damaged due to this breach