Why do Computer Consultants need E&O Liability Insurance?
Your clients can sue you for negligence in providing professional services, regardless of fault. Even frivolous lawsuits can incur significant defense costs. General Liability Insurance policies exclude professional services. Errors & Omissions Insurance is the only way to protect a Computer Consultant’s Company.
Programming errors, improper system installation/integration, and hardware maintenance are important areas of exposure for Technology Service providers. Allegations of copyright infringement, transmission of a virus, or unauthorized access to a client’s system due to the Computer Consultant’s error can result in losses in excess of $100,000. Can they afford to pay for their clients’ economic losses that result?
This Technology/Computer Consultant E&O product offers the following broad coverage features:
- Duty to Defend Wording
- Defense Outside the Limit of Liability
- Intellectual Property Coverage
- Malicious Code Coverage
- Unauthorized Access Coverage
- Personal Injury Coverage
Don't forget to quote Worker's Compensation for this risk!
Please Note: coverages may vary according to class of risk and market conditions