But paying millions for them doesn’t have to be. Every business has standards that it holds itself to, but life happens and mistakes may arise. Technology E&O insurance protects you in case a client sues you for negligence or technology failure.
This is different from cyber insurance, which protects you in the case of a specific data breach or cyber crime incident. Instead, Technology E&O insurance covers all your business operations and risks across matters of technology and negligence. Some examples include:
- Errors in the code
- Part failure
- Missing important deadlines
- Software causes profit loss
- Technology not compatible
Every business needs specialized insurance that meets them where they operate. Our Crawford Yingling specialists will work with you to identify your unique risks and provide the technology insurance package that addresses your risk and keeps you in business.
After your personalized plan is implemented, we’ll continue to monitor your risk factors and maintain regular contact to determine if changes are necessary. We know you care about your business, and we want to be with you every step of the way to ensure its success.