Errors & omissions insurance
Professional indemnity insurance provides coverage when a client sues you over errors, oversights, or alleges negligence in your work even if you did nothing wrong.
Want your insurer in your corner? A duty to defend policy makes it an insurer's obligation to provide legal defense for a lawsuit, instead of just compensating you for the claim.
Clients could accuse your tech company of professional negligence if you fail to provide a service or meet their expectations.
Tail coverage is a provision that provides coverage for incidents that occurred while you had your policy, but a claim wasn’t filed until after your policy’s expiration date.
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.
Large client contracts often require high errors and omissions insurance limits. But can you raise or lower your limits when you land a big contract, or if you're working on smaller projects? Here’s the lowdown on adjusting your errors and omissions policy limit.
Every liability insurance policy is different. Who is covered by your liability insurance depends on a few factors, including the type of insurance and any modifications made to the policy.