X
GO
 
TECHNOLOGY E&O
 
Technology E&O Overview
 
Download

Corona Underwriters has partnered with Lloyds of London to offer a new facility for Technology E&O risks. Technology Errors and Omissions Insurance (Tech E&O) is cover designed specifically for technology companies and their services provided to others. Our exclusive form offers broad E&O with affirmative breach of contract, Media Liability, Intellectual Property, Network Security, and Privacy/Cyber coverages.

We offer a competitively priced, flexible solution to companies through our creative underwriting expertise and comprehensive coverage.

 
 

Tech E&O Renewal App

 
Download
 

Tech E&O New Business App

 
Download
Target Risks

Almost all industry sectors are eligible. Some examples of our targeted classes of business are software companies including IT consultants, software developers, IT staffing companies, application service providers or hosted software platforms, software security services, web marketing, web development, and mobile application developers

  • US domiciled companies
  • Annual Revenues under $200M (larger companies are eligible, but will be referred to LLoyd's for review)
  • Most Industry Sectors are eligible
Parameters
  • Capacity – $15M
  • We can accept other carriers’ applications
Available Coverage
  • Technology E&O
  • Media Liability (Personal and Advertising Injury)
  • Intellectual Property (excluding patent)
  • Network Security and Privacy Liability
  • Sub-limits for Privacy Breach Expenses, Privacy Regulatory Actions & Fines, Crisis Management Expenses, Network Extortion, Cyber Business Interruption, Data Recovery expenses, and PCI Fines.
Coverage Highlights
  • The Insured vs. Insured exclusion has a carveback for privacy claims brought by employees against the entity.
  • The Security/Privacy coverage is expanded to specifically include theft of personally identifiable information, failure to disclose a breach of privacy.
  • Corona limits knowledge of claim and/or circumstances that could lead to a claim to the top 5 execs.
  • Punitive Damages coverage where Insurable by law with “most favorable venue” language.
  • Automatic coverage for acquisitions provided that subsidiary doesn’t represent more than a 25% increase in total assets, employee count, or gross revenue.
  • Blanket Additional Insured language if required by a client in a contract.
Copyright 2024 by Corona Underwriters Privacy Statement Terms Of Use