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Product Fact Sheet

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Technology Errors & Omissions

Technology companies need insurance to protect against any errors or mistakes in their products or services that could financially harm clients, users, or other third parties. For example, if a service error or unmet standard caused a client’s network to fail, a Commercial General Liability policy likely wouldn’t cover those claims. For proper protection, they would need Technology Errors & Omissions (E&O) insurance. With over 20 years of Professional Liability experience, our underwriting team is ready to help you. It’s important to note that Technology E&O is different from Cyber Liability, which covers technology users — not manufacturers or retailers — against privacy breaches and cyberattacks.

Our target classes of business:
  • Domain Registration

  • IT Consultants

  • IT Trainers

  • Sales and Installation of Software

  • Sales, Installation and Maintenance of Hardware

  • Software/Application Development (does not include financial, engineering or POS)

  • Telecom Resellers Web-based Marketing

  • Website Design, including Search Engine Optimization

 

Please contact us if your risk does not fit into one of these categories – we may still be able to help.

Available coverages:
  • Attendance Expense

  • Commercial General Liability, including Bodily Injury, Personal and Advertising Injury, Property Damage, Tenant's Legal Liability, Non-Owned Automobile, Employee Benefits Errors & Omissions

  • Cyber Liability (Third Party Claims)

  • Joint Venture and Partnership Liability

  • Loss of Documents

  • Payment of Outstanding Professional Fees

  • Technology Errors & Omissions

Coverage highlights:
  • $2,000,000 available limits

  • Copyright and Trade coverage

  • Includes Breach of Contract and Breach of Confidentiality

  • Underwritten by Certain Lloyd’s Underwriters

What sets SIGNAL Underwriting apart:
  • Customer focused on broker partners and insureds

  • Over 20 years of professional lines broking and underwriting experience

  • Our Underwriters are here to help you with any
    of your Technology industry-related questions

  • Secured Lloyd’s of London Coverholder status within first year of operation

  • SIGNAL Underwriting Inc. only represents London based security with a minimum rating of A- (AM Best rating) for this product

  • Claims handled by carriers experienced with Technology Errors & Omissions

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