Description
Coverage: Contract specific Technology E&O with Optional Cyber Liability
Maximum Limit: $10M per occurrence/ aggregate
Minimum Deductible: $2,500
Minimum Premium:
$1,000 Tech E&O only
$1,750 Tech E&O and Cyber bundle
E&O Coverage Highlights:
Contract-specific tech E&O which inures only to the benefit of the “Owner”/sponsor of the program.
Broadened definition of professional services without a “fee” requirement
Broadened definition of damages
Affirmative coverage for unintentional Breach of Covered Contract (specifically named on the policy as the only covered contract)
Narrowed “fee” exclusion, important for E&O risks
Primary coverage to the Other Insurance (corporate E&O program) carried by the Insured
Optional Cyber Coverage Highlights:
Full limits for Breach Response relative to number of records for other customers
Full limits for fines and penalties
Most Favored Venue for fines, penalties, and punitive damages
Primary to the Other (cyber) Insurance carried by the Vendor
Details
Carrier Information
Lloyds of London
Non-Admitted
Rating A+
Rating By A.M. Best
Listing Contact
Mary Guzman Managing Director, Cyber and Technology Division
Offered By
Availability 50 states + DC
Covered
Not Covered
