Many people confuse cyber liability insurance and technology professional liability insurance. Learn more about the difference!
First, let's define technology professional liability. Technology professionals comprise organizations that develop and implement technology for both consumers and businesses. For example, a technology professional could be a software developer, a microchip designer or an IT consultant. Technology professional liability is designed to cover specifically the errors & omissions of these types of organizations only.
Cyber liability, on the other hand, is liability coverage designed for all businesses and specifically focuses on covering those businesses from cyber risks, including data breach, first and third party risks associated with e-business, the Internet, etc.
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