Technology Professionals Insurance

Information technology businesses provide specialized services such as computer/network design, software programming and systems analysis for a variety of industries. Fox Point’s technology professionals package offers tailored protection with insurance designed exclusively for these unique business needs – including professional liability with leading first party coverages. Target customers:

• Application service providers
• Computer services
• Electronic data processing and consulting
• System analysis and software design
• Web portal services
• Network integration
• Programming services

Key Benefits and Highlights

Policy premiums: Start at $500

Minimum deductible: $1,000

Limit capacity: Up to $10,000,000

• Errors and omissions
• Forensic expenses coverage
• Credit monitoring coverage
• Notification expense coverage
• Regulatory action coverage
• Public relations expenses coverage
• Personal injury coverage for a privacy breach
• Optional Property and Casualty coverage

Insuring Agreements available:

Technology services liability: Covers third party claims as a result of an error, omission, neglect or breach of duty from services rendered.

Enterprise privacy liability: Covers third party claims as a result of failing to prevent the theft or misappropriation of private information.

Electronic media liability: Covers third party claims for various intellectual property and personal injury exposures for information that is posted on your website.

Network security liability: Covers third party claims as a result of a network security breach, including transmission of malicious code, denial of service attack, or unauthorized access to/use of your computer system.

Crisis management loss: Covers forensic expenses, credit monitoring expenses, notification expenses, and public relations expenses to help mitigate exposure to a network security or privacy breach.

Network interruption business income and extra expense loss: Covers income loss and extra expense caused by network interruption that was a result of a network security breach.

Data loss: Covers the cost to replace, restore, or recollect data that was corrupted as a result of a network security breach

Cyber extortion loss: Covers the cost to investigate and respond to a cyber extortion threat, the cost to third party security consultants, and the cost to terminate the cyber extortion threat.

Applications:

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Tech E&O Application