What does Technology Errors and Omissions Liability coverage include?

Technology Errors and Omissions Liability coverage is specifically designed to address risks associated with the professional services provided by technology companies. This type of coverage focuses on protecting businesses from claims arising from alleged failures to perform services as promised or from mistakes made in the course of providing those services. This might include errors in software design, programming, system integration, and other technology-related services that lead to financial harm for the client.

Professional misconduct, also referred to as errors and omissions, typically includes scenarios where a technology service provider’s negligent actions or inadequate performance result in a negative impact on their clients. Therefore, this type of coverage is vital for professionals in the tech industry as it mitigates the financial risks associated with potential legal claims arising from their services.