PROFESSIONAL COVERAGES

Anyone providing a professional service has the potential to be sued due to an error or omission. Professional liability insurance has become increasingly popular for technology companies. Anyone who collects and/or stores customer information should consider cyber/data liability. While anyone who disseminates content via print or cyberspace should explore media liability.

ERRORS AND OMISSIONS (E&O) / PROFESSIONAL LIABILITY / MALPRACTICE INSURANCE

Errors and Omissions coverage also known as Professional Liability or Malpractice Insurance depending on your profession protects against damages that you must pay because of an error, omission, or negligent act involving your work or products. A superior policy will provide “enterprise-wide” E&O protection against liability for nearly all of your company’s commercial activities — not just a narrow category of your defined operations. Professionals such as Attorneys, Physicians, Engineers, along with institutions such as Hospitals and Banks are all prime candidates for E&O coverage. Architects, Developers, and Contractors have big exposures to E&O lawsuits along with anyone offering a technology service or product.

CYBER/DATA LIABILITY

Cyber Security Liability insurance is a broad term that describes insurance protection purchased by companies operating in cyberspace or whose businesses store sensitive information on computer networks. A good cyber security liability policy will offer first party indemnification due to loss of digital