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Coverage Enhancements for Technology Professional Liability

Posted by Maggie Hammett on Feb 24, 2016 3:28:57 PM

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Specialty Services

Professional liability offers third party coverage. Covering insured’s for wrongful acts when offering technology services and technology products to clients.   Coverage can also be enhanced to include Electronic Media Liability, Network Operations Security, and first party Data Breach Expenses.

Opportunity:

  • Size of Market:  $32B Industry
  • Average Premium:  $1,200
  • Minimum Premium:  $500

How to Quote:

Categories include:  

  • Technology Serivces and Products
  • Electronic Media Activities
  • Network Operations Security Services
  • Cyber Liability

Exposure Concerns:

Things to consider, is it a technology risk, or do they use technology to get their service across to clients.  How many years in the industry do they have or what is the experience of senior management? Are contracts in place?  We can help you and your clients understand technology insurance.

Key Questions:

  1. What services do they offer to clients?
  2. Do they have contract requirements?
  3. What industry to they serve?

 Coverage:

  • Revenues from $1k to $25M
  • Limits up to $5M
  • Deductible options ranging from $1k to $250k

Email Tech Underwriter  

 

If you think that you have a business or know of a business that provides these type of services and is in need of professional liability, please contact Stuckey & Company.







Topics: Stuckey & Company, Blog, safetytek, it insurance, professional E&O, professional liability, cyber liability insurance, IT E&O, errors and omissions

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