High-Tech E&O Liability

Nuts & Bolts: The Chubb Group of Insurance Companies has launched a new errors and omissions (E&O) liability insurance policy that can be tailored to meet the needs of small- to large-sized information and network technology companies. INTegrity by Chubb helps protect high-tech companies against the legal expenses and monetary damages of an E&O lawsuit alleging the failure of a product to perform its function or the high-tech firm’s failure to perform services within the terms of the contract. This new product replaces Chubb’s previous “one-size-fits-all” errors and omissions insurance. Chubb said the policy limits E&O exposures by providing scalable insurance protection that meets each firm’s budget and unique needs, from a start-up to a well-established company. It offers three levels of protection – Value, Standard and Premier – to allow companies to purchase the level of insurance they desire. Depending upon the level of E&O insurance desired, the following options are available: Definition of Loss; Final Acceptance Criteria; Privacy Violation Risk; Intellectual Property Infringement Risk Security Breach By Others.

Carrier: The Chubb Group