Technology Errors and Omissions Liability protects your company from claims if your client holds you responsible for programming errors, software performance, or the failure of your work to perform as promised in your contract. Coverage includes legal defense costs - no matter how baseless the allegations. Errors and Omissions insurance will pay for any resulting judgments against you, including court costs, up to the coverage limits on your policy. Coverage extends to both W2 employees and 1099 subcontractors.
CyberFirst Technology E&O Liability protection provides coverage for economic loss that is caused by an "errors and omissions wrongful act,"which is broadly defined as "any error, omission or negligent act.
A robust cyber insurance policy can help businesses weather the storm more effectively when a data breach or network security failure has occurred.
Cyber coverage can mean different things to different people. Most commonly, cyber coverage is some combination of four components: Errors and omissions, media liability, network security and privacy.
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