AXIS INSURANCE SERVICES, LLC: E&O Coverage for the Technology Industry
Errors & Omissions (E&O) insurance for the technology industry is designed to cover the financial loss to a company’s customer as a result of an error or omission in the service or product supplied to the customer. Lawsuits commonly arise due to disputes over the scope of a project, delays, security issues, miscommunication, or the quality of the work you’ve delivered. For example, a customer sues a software development company because they are dissatisfied with the performance of the product or the customer’s expectations were higher than the capabilities of the product.
Tech E&O insurance will step in and pay the attorney fees to defend the suit, court costs, settlements or judgments, and miscellaneous lawsuit expenses. This professional liability coverage not only safeguards your bottom line but also protects your reputation – one of the most valuable assets you have in the tech world.
Addressing Professional Liability Risks
Axis Insurance Services, LLC specializes in E&O insurance for the technology industry providing customized solutions to address its unique challenges and exposures. E&O coverage can be designed to cover lawsuits as a result of client data security incidents; missed deadlines; integration problems, data loss; and usability, compatibility, and other productivity issues. We also can help you minimize your exposures with strong risk management practices.
- IT Consultants
- Computer Support Training
- Computer Software Developers
- Data Processing/Hosting
- Network Systems – Maintenance/Installation Providers
- Tech Professionals such as Web Designers
- Credit Card Processors