AVRECO - Your Specialty Risk Professionals

Technology E&O Liability

ERRORS & OMISSIONS INSURANCE for TECHNOLOGY COMPANIES is more vital than ever these days. Reasons for this include increased frequency of lawsuits, increased damage awards by juries, clients requiring it from their service providers, hold harmless clauses in contracts are not bulletproof and sound professional practices are no guarantee that the insured will not be brought into a claim.We at AVRECO have several Best’s A rated carriers willing to write the traditional liability exposures and “ cyber” related liability risks.

Traditional Liability Exposures:

• Software Developers
• Telecommunication Services
• Network Maintenance
• Computer Staffing Services
• System Integrators
• General Consulting & Training
• Electronic Component Mfg.
• Sales/Distribution
• Printed Circuit Board/Chip Mfg.

“Cyber” Related Liability Risks

• ISP’s
• Internet Services (E-Commerce)
• Web Page Developers
• Internet Portals
• E-Commerce Consultation
• Graphic Design
• Interactive Media
• Video/Teleconferencing Services
• Network Security**

Form Features:

• Deductible Options
• Claims Made / Occurrence**
• Defense within limit/deductible
• Capacity: Up to $25,000,000
• Minimum Premium: $2,500
• Minimum Deductible: $5,000
• Limited Worldwide / Universal Coverage**
• 120 Days for newly acquired organizations
• Copyright, Trade Mark extension with $1,000,000 sub-limit
• Mutual Choice of Counsel**
• Protection for confidential sources**

Submission Requirements:

• Completed E&O application
• Sample Contracts/Agreements
• Brochures and current client/customer list
• Financial information

Interested in learning more? Contact Peter Upjohn at (312) 294-5621 or .