This is a great time of year to evaluate how many of your clients are technology professionals and which of those do not have adequate errors & omissions (also called tech professional liability insurance) coverage. As your clients’ main advisor on all things insurance, it is up to you to help each client identify how much coverage is needed. Technology professional liability is not a one size fits all coverage. That is why the SafetyTek insurance program has broad range of coverage and also an extension that allows you to tailor coverage to fit every client.
The expansion coverage includes, management consulting, telecommunications services and IT staffing and placement; innocent insured; contractual liability; defense costs outside the limits of liability; and first dollar defense. You can view our SafetyTek Expansion webinar here.
Here are a few things to consider:
1. What kind of business does your client own?
a. Network Management
b. Medical Office Systems
c. Data Restoration
d. Telecom Systems
e. Data Intelligence
f. Computer Aided Design
g. Software Project Management
2. How large is your client?
a. 1-25 Employees
b. 26-100 Employees
c. 101-200 Employees
3. What type of coverage does your client already have?
There are many packages that can help your client with a customized group of products specifically for the technology industry, not just errors & omissions. Your client can probably save on their premiums by bundling.
a. General Liability
b. Workers Comp
Technology professional liability is a specialized coverage and that is where Stuckey & Company comes in. We were pioneers in tech E&O insurance more than 15 years ago and have the underwriting experience to help you get the right quotes for each client. Contact Maggie Hammet firstname.lastname@example.org or 800-828-3452 ext. 21.