TEch E&O

What is it?
What is it?
Tech E&O insurance, also known as Technology Errors and Omissions insurance, is a type of insurance coverage that protects technology companies and professionals from financial losses and legal liabilities resulting from errors, omissions, or negligence in providing technology-related services or products.
Why do you need
Tech e&o Insurance?
Protection Against Professional Liabilities
Financial Risk Mitigation

Client Contract Requirements:

Reputation Protection


Who would benefit?

Tech E&O insurance is typically relevant and recommended for a wide range of companies operating in the technology industry.

  • Software development companies
  • IT consulting firms
  • Managed service providers
  • Technology service providers:
  • Data management and analytics companies
  • Software-as-a-Service (SaaS) providers
  • E-commerce and online retail platforms
  • Cybersecurity firms
  • Telecommunications companies
  • Technology hardware manufacturers
What is Covered?
  • Loss arising from a Cyber Event
  • Loss arising from a security breach
  • Loss arising from theft or disclosure of paper records
  • Data and system restoration costs
  • Loss of income and extra expenses incurred in the wake of system business interruption
  • Costs and expenses, fines and penalties resulting from a regulatory investigation
  • First-party and third-party privacy breach notification costs
  • Loss arising from cyber threats and extortion
Who is covered?
The company and its subsidiaries - Any past, present, future senior executive officer or employee of the company or its subsidiaries‍.
What is Excluded?
(examples of exclusions – not meant to be exhaustive)
  • Claims arising out of any actual or alleged antitrust violations
  • Loss sustained as a result of the loss of an unencrypted portable device
  • Claims arising out of any wilful or dishonest acts of senior officers
  • Claims arising from claims or circumstances known at inception
  • Claims arising from war, terrorism, invasion, or insurrection with carve back for cyberterrorism and electronic terrorism
  • Claims arising from Bodily injury and property damage with carve back for mental anguish and emotional distress