Clarke & Sampson Blog

Coverage Insights: Technology Professional Liability (E&O)

Posted by Scott Jefferson

May 6, 2014 1:39:00 PM

What does Tech E&O cover?

Technology professional liability (Tech E&O) insurance is intended to cover two types of risk:
(1) Financial loss of a third party arising from failure of the insured’s product to perform as intended or expected, and
(2) financial loss of a third party arising from an act, error, or omission committed in the course of the insured’s performance of services for another.

Who needs Tech E&O coverage?

  Common examples include information technology firms, programmers, software developers, data processors, web designers, computer consultants, and more. It is important to note, however, that Tech E&O is not limited to the technology industry. Most companies today utilize technology in some part of providing a service or product and need to take the necessary precautions. To ensure your company is covering all bases, a full risk management assessment is needed.
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Topics: Business Insurance, Professional Liability, Alexandria VA, Liability Insurance, E&O Insurance

Errors and Omissions Insurance Basics

Posted by Scott Jefferson

Apr 11, 2014 1:40:30 PM

Lawsuits, once a measure of last resort, are now commonplace in settling disputes. The good news is that you can protect your business by investing in professional liability coverage, also known as errors and omissions (E&O) insurance.

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Topics: Business Insurance, Professional Liability, Alexandria VA, Liability Insurance, E&O Insurance