What's Covered in a Technology Errors and omissions (tech E&O) Policy?
Technology companies, IT consultants, and network professionals have a specific insurance need that is not addressed in most standard commercial general liability insurance policies.
A commercial general liability policy typically only covers bodily injury and property damage to a third party. This leaves your technology company vulnerable to certain types of claims.
If you are providing a service for a fee, then you need technology errors and omissions insurance (E&O or professional liability).
Here's a quick example - you recommend that a client redesign their network and implement new technologies.
Unfortunately, this new integration is not suited to work in their current environment and important software they use. The result is lost time and profit for their business. They sue you for financial damages as a result of your recommendation.
This is not the only technology errors and omissions claim example we can think of, and is certainly not the only risk that technology professionals face.
To speak with a technology errors and omissions agent and receive more claim examples, please fill out the form below.
technology exposures are usually not covered by standard commercial general liability policies.