Technology Errors & Omission (Technology E&O), also known as Errors and Omissions Liability coverage, is coverage specifically designed for technology companies. Any individual or firm that provides technology services or products should consider obtaining Technology E&O coverage. A Technology E&O policy protects your firm by providing defense cost and covering potential settlements from any alleged or actual errors.
Sample Technology E&O claims include:
- A firm may have a suit arise because the customer is dissatisfied with the performance of the product or the customer’s expectations were higher than the capabilities of the product.
- Client misuse of a product can be the basis for a claim. Your product may not be defective, yet you will have to defend yourself to demonstrate this.
You may believe having a General Liability policy will provide you and your company with enough protection. Please review our Technology E&O resources to discover the differences between a Technology E&O policy and a General Liability policy.
We have an extensive list of Policies and Applications for you to choose from, or you can also contact us to let us assist you in finding the correct application for your situation.
