Coverage includes legal defense costs - no matter how baseless the allegations. E&O insurance will pay for any resulting judgments against you, including court costs, up to the coverage limits on your policy.

Why do I need technology E&O insurance?
What most agents who don’t understand your business fail to tell you, professional liability insurance coverage is not provided by a general liability policy. Standard liability policies do NOT provide coverage for “professional exposures” such as programming errors, contract performance disputes or any other professional liability issues. IT consultants and companies who have general liability without Errors or Omissions coverage are taking a serious risk. It’s like a lawyer practicing law without malpractice insurance.

Every firm makes a mistake at some point. For example, you recommend to a client that they run a certain test of their system, after you did some extensive work on it. The client takes your advice, the system crashes, and they are unable to conduct business for a whole week. The client is looking for answers, calls his counsel, and looks to you for dollars for their downtime.

Another important item to note is that ALL E&O POLICIES ARE DIFFERENT. Just as in your business, every company provides a bit different product offering. Some can include cyber liability coverage, intellectual property coverage, coverage if you are using independent contractors, coverage for copyright infringement, and security issues. Sound confusing…..don’t worry, let us guide you through the maze!