Technology Errors & Omissions liability insurance provides coverage for software developers, hardware developers, website design, database management, networking, IT consulting and staffing firms and firms that provide systems design, analysis, integration and implementation.

The coverage protects your company from claims if there is an error made during the rendering of your professional services or if you fail to render services as called for in the contract between you and your client.

A typical policy will pay the cost of defense which is deducted from the limits of your policy less any deductible or self-insured retention. Like most other professional liability policies, these policies are written on a “claims-made” form. In simple terms this means that for you to be covered you need uninterrupted coverage from the time the error was made until the claim was filed.