What is Technology Liability Insurance?
There are severe liability risks for any company that provides Internet, telecommunications, or technology services. With the potential for lawsuits from either individuals or corporations, it’s critical that technology providers have the right type of insurance protection.
With our deep understanding of today’s technology landscape, we can recommend precise coverage for providers, manufacturers and consultants.
Errors, omissions and negligent acts
Poor performance or lack of performance
Copyright and trademark infringement
Libel and slander
Denial of Service (DOS) attacks
Malicious code attacks
Coverage applies to:
Database Storage Services
Network Security Services
Web Developers & Designers
Information Technology Services
Application Service Providers
Why it’s smart to have Technology Liability Insurance
A web design company was working on multiple sites for a client, but at some point both parties decided to end their relationship. The design firm claimed they were owed $750,000. The client responded by alleging that the sites didn’t performan correctly, and they demanded $9 million from the design firm.