|
Sometimes, despite your best efforts, a customer will tell you that your product or your work failed to meet expectations. When this happens, even your best customer may choose to make a claim against you alleging lost profits or business disruption. If you fail to insure these exposures with an errors and omissions (E&O) insurance policy, you will pay the defense expenses and settlement costs out of your own pocket. Defense expenses alone can be catastrophic to your business. When you consider that well-written contracts are challenged in court every day and high-quality products or services can fail to meet expectations, you need to protect yourself.
Technology Errors and Omissions Liability coverage is specifically tailored for today’s hi-tech companies. It protects your bottom line against damages that you must pay because of economic loss resulting from your products or your work that is caused by an error, omission or negligent act. Claims and suits for such damages – typically not covered under a commercial general liability policy – could be catastrophic.
Cybetech Insurance consists of three coverages. Choose the one, or all of them to fill in the gaps not covered by your general liability policy.
- Technology Errors and Omissions Liability
- Network and Information Security Liability
- Communications and Media Liability
|
Professional Liability