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Technology insurance is also known as tech E&O insurance, technology error and omission insurance, and E&O insurance. This can help pay for any errors or omissions in the services provided by technology companies.
For example, suppose a graphic designer at your small business gives his client designs that he claims don’t match what he agreed to. When your client responds by filing a lawsuit against your business, your technology E&O policy can help cover the costs.
What kind of insurance does a technology company need?
- Data breach
- Contractual liability
- Technology errors and omissions insurance
- Fraud Transfer
- General liability insurance
- Business revenue from electronic vandalism
Why is it important to have Tech E&O Coverage?
Whether you’re a small business owner or an IT contractor, technological error and omission insurance can help protect you in the event of unforeseen circumstances. Without it, you risk losing everything you’ve worked so hard for.
Who needs technology errors and omissions insurance?
- Telecommunication Companies
- Software Developers
- IT Service Providers
- Web Designers
- Computer Consultants
- Programmers