Errors & Omissions ยท Technology
Technology E&O insurance built for code, contracts and client data.
Professional liability for software developers, IT consultants and data service providers. Placed with domestic and international underwriters, including Lloyd’s.
Domestic and international underwritersFor an instant quote
Who we write
Built for firms that write, run and manage technology.
The program uses an IT, Tech & Media wording, so the cover follows how tech work actually goes wrong: missed specs, broken deliverables, subcontracted code and client data.
Two-person dev shop or established IT consultancy, send it over if it fits inside the program limits.
- Software developers
- IT consultants
- Data service providers
Applications and fact sheet
Download what your client needs to sign
- Technology, IT & Media applicationPDF, fillable
- E&O renewal applicationPDF, fillable
- Technology E&O fact sheetPDF, one page
Competitor applications are fine. Email any of them to submit@approvedcasualty.com.
Coverage
What the Technology E&O wording covers
Core professional liability for wrongful acts in the insured’s professional services, plus these additional coverages. Sub-limits are shown per claim and in the aggregate.
| Coverage | Limit |
|---|---|
| Breach of contractUnintentional breach in delivering professional services | Included |
| Contingent bodily injury and property damage | Included |
| Sub-contractors vicarious liabilityErrors by sub-contractors the insured engages | $250,000 |
| Network security and privacy liabilityIncludes payment card fines and assessments | $100,000 |
| IP infringement and defamationCopyright, trademark, privacy, libel and slander | $100,000 |
| Dishonesty of employees | $100,000 |
| Loss of documentsNo deductible applies | $100,000 |
| Regulatory investigationsDefence expenses | $50,000 |
| Payment of withheld fees | 50% to $25,000 |
Sub-limits in CAD. They sit within, not on top of, the policy limit.
Built into every policy
- Defence costs paid on top of the limit*
- Duty to defend, even on groundless claims
- Worldwide territory; US exposure up to 20%
- 60 days after expiry to report a claim
- Retro date and prior acts kept on rollover
*Network security and privacy claims and US-jurisdiction claims pay defence within the limit.
Why it fits tech firms
Client contracts drive tech exposure. This wording answers for unintentional breach of contract and for errors made by your sub-contractors, not only negligence. Contingent bodily injury and property damage are included too.
How placement works
From submission to bound, without the back-and-forth.
1
Start the quote
Enter the risk at quote.approvedcasualty.com, upload last year’s policy, or email the application to submit@approvedcasualty.com. Competitor applications are fine.
2
See the indication
Standard risks price on screen in about 60 seconds. Accounts that need a closer look go to an underwriter, with terms back within 48 hours.
3
Place it with our team
You get the completed application to forward to your client. Our underwriters follow up with you, not around you.
Program at a glance
- Limits
- Up to $5M
- Minimum premium
- $515
- US exposure
- Up to 20%
- Form
- Claims-made, worldwide territory
- Security
- Domestic and international underwriters, including Lloyd's
- Wording
- IT, Tech & Media E&O wording
Outside this appetite?
Some classes sit outside this program. Our Hard-to-Place Facility writes many of them. Send the file the same way and we will route it.
FAQ
Technology E&O questions brokers ask
Does the policy cover breach of contract?
Yes. Unintentional breach of contract in the performance of the insured's professional services is included as an additional coverage.
Are defence costs inside or outside the limit?
Defence costs are paid in addition to the limit, with two exceptions: network security and privacy claims, and claims under US jurisdiction, where defence sits within the limit.
Is there cyber cover in this policy?
The wording includes network security and privacy liability with a $100,000 sub-limit, including payment card fines and assessments. Clients that need more cyber capacity should carry a standalone cyber policy.
What size of account can you write?
Limits go up to $5M, with US exposure up to 20%. Standard risks quote on screen in about 60 seconds. Larger or unusual accounts go to an underwriter, with terms back within 48 hours.
Can I send a competitor application?
Yes. Use our application, the incumbent's, or start online at quote.approvedcasualty.com.
Got a tech account to place?
Standard risks quote in about 60 seconds. Our application or the incumbent’s, any way you like to send it.
Other E&O programs
This page summarizes coverage for broker information only. Coverage is subject to the policy wording, terms, conditions, exclusions and underwriting acceptance. Limits and sub-limits in CAD; sub-limits sit within the policy limit.