Home Page Home Page Newsletter Contact Us Get A Quote
  • We're Here for You
    • About Us
    • Partners Page
    • Location Map
    • Employee Directory
    • Contact Us
    • Refer a Friend
    • Privacy Policy
  • For Individuals
    • Automobile Insurance Home
    • Homeowners Insurance Home
    • Life & Health Insurance
    • Recreational Vehicle
    • Renters
    • Umbrella
  • For Businesses
    • Business & Commercial Insurance Home
    • Bonds Home
    • Dental Insurance Home
    • Health Insurance Home
    • Life Insurance Home
  • Helpful Information
    • Important Links
    • Blog
    • Newletters
    • Insurance Glossary
    • Free Reports
    • Join Our Newsletter
  • Life's Questions - Answered.
    • How much disability income insurance do I need?
    • What are my long-term care insurance needs?
    • How much life insurance do I need?
    • Should I rent or buy a home?
    • Should I lease or purchase an auto?
Personal Insurance Business Insurance Life Insurance
Get A Quote
Home > Blog > TECHNICALLY SPEAKING
THURSDAY, JULY 11, 2013

TECHNICALLY SPEAKING

 

            As business growth continues to be driven by computer technology, exposure to breaches of confidential information due to programming errors, network interruption, and client data loss becomes ever more problematic. To meet these challenges, insurance companies offer professional liability insurance called Technology Errors and Omissions Insurance (“Tech E&O”). It can cover litigation costs arising out of their tech products and service when technology providers face lawsuits for negligence or intellectual property infringement. Technology E&O insurance protects against claims of financial loss to a third party caused by errors and failure to perform/poor performance, in addition to covering legal expenses or resulting judgments. This insurance is particularly critical for small technology companies who need financial backing to help them grow.  

 

 

 

NOTE: Technology errors and omissions insurance typically provides coverage for liability related to the actions of (sub)contractors working on behalf of the insured company.

Posted 1:25 PM

Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012

  • hr updates(1)
  • auto insurance(1)
  • annuity(1)
  • operations management(1)
  • accident(1)
  • insurance(1)
  • pay equity act(1)
  • emergency(1)
  • physical damage(1)
  • future(1)
  • retire(1)
  • payouts(1)
  • collision(1)
  • repetitive stress(1)
  • professional(1)
  • payout(1)
  • role of insurance(1)
  • equal pay act(1)
  • sandy(1)
  • errors and ommissions(1)
  • hurricane(1)
  • payroll(1)
  • worker productivity(1)
  • frankenstorm(1)
  • risk management(1)
  • comprehenisive(1)
  • keyboard strain(1)
  • mistakes(1)
  • auto(1)
  • human resource(1)

View Mobile Version
JED Insurance and Financial Service Agency, Inc I 30 Mechanic St. Ste 5 I Foxborough, MA 02035                                                 Powered by Insurance Website Builder
                                                                                                                                                
Privacy Policy  &  Terms of Use     

 

© Copyright 2013 J.E.D. Insurance and Financial Services, Inc. All Rights Reserved.

 

 

Home Page About Us Our Services Newsletter Get A Quote Contact Us Home Page Like us on Facebook LinkedIn