Product Fact Sheet

Technology Errors & Omissions
Technology Errors & Omissions

It is important for technology companies to carry insurance coverage against errors or mistakes in their services or products that could financially harm clients, users or other third parties.  For example, if an error in their service or a failure to meet a required standard caused a client's computer system to fail, they probably would not be covered by a Commercial General Liability policy for those resulting claims.  For proper protection, they would need Technology Errors & Omissions insurance, and our underwriting team with over 20 years of Professional Liability experience are well positioned to assist you and your clients.  Further, Technology Errors & Omissions Liability should not be confused with Cyber Liability, which protects technology consumers – not manufacturers or retailers – from privacy breaches and attacks.

Our target classes of business:
  • Contract Programming

  • Custom Software Development

  • Data Processing Services

  • Disaster Recovery Services

  • ERP, CRM, Supply Chain or Similar Software and Services

  • Hardware Sales or Service

  • Integration Services

  • Internet Service Providers or Online Service Providers

  • IT Consulting

  • Manufacturing of Hardware, Software or Related Products

  • Mobile Platform Software Development and Application

  • Pre-packaged Software Development

  • Sales of Pre-packaged Software of Others

  • Systems Consulting, Analysis and Design

  • Systems Security Software, Hardware or Services

  • Telecommunications Products or Services

  • Value added Resale and Distribution, Retail Sales or Hardware and Software

  • Website Developer and Administrator

  • Website Software Development

  • Video Game Programming

Available coverages:
  • Commercial General Liability, including Bodily Injury, Personal and Advertising Injury, Property Damage, Tenant's Legal Liability, Non-Owned Automobile, Employee Benefits Errors & Omissions

  • Cyber including Network Security and Privacy Breach

  • Electronic Media Liability

  • Errors & Omissions

Coverage highlights:
  • $10,000,000 available limits

  • $10,000 minimum premium

  • Broad appetite

  • Extensive definition of professional services

  • Intellectual Property coverage

  • U.S. and worldwide sales, with no cap of U.S. sales

What sets SIGNAL Underwriting apart:
  • Customer focused on broker partners and insureds

  • Over 19 years of professional lines broking and underwriting experience

  • Our Underwriters are here to help you with any of your industry-related questions so you can expertly guide your placement and client discussions

  • Secured Lloyd's of London Coverholder status within first year of operation

  • SIGNAL Underwriting Inc. only domestics security with a minimum rating of A- (AM Best rating) for this product

  • Claims handled by carriers experienced with Technology Errors & Omissions