The term “contract negligence” covers breach of contract and professional negligence, two related but different legal issues. Both of these can lead to lawsuits for tech companies.
Technology errors and omissions insurance (technology E&O) provides coverage when you’re accused of negligence, mistakes, or oversights. It also covers data breaches that affect your business or a client’s operations.
A business owner’s policy (BOP) combines general liability insurance with commercial property insurance, often at a discount. It covers broken or stolen laptops and other equipment, client lawsuits, and more.
Commercial property insurance covers a tech company's building and its contents. That includes furnishings, fixtures, computers, and other equipment and inventory.
Errors and omissions insurance covers the cost of legal expenses when a client sues over the quality of a tech professional's work. It can help pay attorney’s fees, judgments, settlements, and other costs.