Technology Errors & Omissions, or Tech E&O, is professional insurance for companies that derive their revenue from technology products and services. The from is distinct from other professional polices such as the MPL, Miscellaneous Professional Liability, because carriers typically bundle the cyber and media endorsements onto the E&O. This helps to minimize coverage gaps between the three areas because these coverages often blend and overlap with technology firms.
Errors & Omissions
This is the professional section and main part of the policy. It provides coverage against errors, omissions, negligence, breach of duty, or other claim against the products and services of a company.
This provides coverages for breaches, hacks, viruses, DDoS, and other network intrusions. It covers the first party expenses like legal and public relation fees, notification, credit monitoring, extortion, funds transfer, and third party expenses like law suits and regulatory fines.
This provides coverage for claims from libel, slander, plagiarism, infringement, trademark, copyright, logo, trade name. If you are producing any type of media, content, video, print.