Errors And Omissions: Insurance For Technology-Based Businesses

Who is E & O for?
Those who develop, manufacture, sell and supply the following:

Telecommunications

IT

Medical Manufacturing

Electronics Manufacturing

E&O coverage provides protection for companies and businesses in the event that an error, omission or negligent act in relation to both their products and services has caused a financial loss for their client. A claim can bankrupt a smaller company or individual and have a lasting effect on the bottom line of larger companies.

Technology Businesses - New products, New technology and New risks too
Errors and omissions is vital because sometimes, despite your best efforts, customers tell you that your product or your service failed to meet expectations or that you breached contract terms. If this happens, even the most loyal customer or client may make a claim against you or file legal proceedings for subsequent financial loss.

Our understanding of the technology industry enables us to deliver customised insurance solutions. Our Errors and Omissions cover is designed to work in tandem with traditional property and liability insurances.

Key benefits and features

Click here to download the Errors and Omissions factsheet

We use an entreprise-wide definition of products/services rather than a restrictive definition(that can limit cover to certain software or hardware only.)
Civil Liability Coverage: We provide cover for both compensatory and consequential damages.
We do not apply the policy excess to defence costs outside the U.S. Therefore, if an alleged claim is successfully defended the insured would incur no cost.
Bespoke solutions available: Extended pre-release coverage, cover is available on a worldwide basis including U.S. and Canada

Why choose Travelers

One of Ireland's leading liability insurers
Flexible indemnity limits with separate limits for E & O and cyber coverage
Dedicated team of underwriters
Swift, responsive service for brokers and customers

Claims

All claims handled fairly, swiftly and efficiently by our in-house claims department
Excellent credit ratings give clients confidence in our financial security and ability to meet claims

Risk control/management

Dedicated team of highly qualified risk managers
Supportive, partnership approach

How to buy

Member of Public: You can get a quote with us by contacting your broker or find a broker nearest you by clicking here.

Brokers: If you wish to see how Errors and Omissions cover can be added to your clients insurance, please contact the Technology Team on (01) 609 5625.