Professional Lines Insurance
Machaen Insurance Agency places Cyber, Crime/Fidelity, Errors & Omissions, Technology E&O, and Directors & Officers insurance for professional and technology firms. Here's what each policy is and what it covers.
Cyber Liability Insurance
Cyber liability insurance protects a business against the financial fallout of a data breach, ransomware attack, or other network security incident. Coverage typically responds to both first-party costs, such as breach notification, credit monitoring, forensic investigation, and business interruption, and third-party liability arising from lawsuits or regulatory action brought by affected customers or partners.
Full Details & Pricing →Crime & Fidelity Insurance
Crime and fidelity insurance protects a business against direct financial loss caused by dishonest acts, including employee theft, forgery, computer fraud, funds transfer fraud, and social engineering schemes. Unlike a fidelity bond issued to satisfy a licensing requirement, a crime policy is first-party coverage designed to reimburse the business itself for losses it suffers.
Full Details & Pricing →Errors & Omissions (E&O) Insurance
Errors and omissions insurance, also called professional liability insurance, protects a business against claims that its professional services or advice caused a client financial harm through an actual or alleged error, omission, or negligent act. It's designed to cover the cost of defending a claim as well as any settlement or judgment, which can otherwise be significant even when a claim is ultimately unfounded.
Full Details & Pricing →Technology Errors & Omissions (Tech E&O)
Technology errors and omissions insurance is a specialized form of professional liability coverage built for software companies, IT service providers, and technology vendors. It combines traditional E&O protection, covering claims that your product or service failed to perform as promised, with technology-specific exposures such as network security and privacy liability, since a technology failure often creates both a performance claim and a data or security incident at the same time.
Full Details & Pricing →Directors & Officers (D&O) Insurance
Directors and officers insurance protects the personal assets of a company's leadership, along with the company itself, against claims alleging a wrongful act in the management of the business, such as a breach of fiduciary duty, mismanagement, or a decision that harmed shareholders, employees, or other stakeholders. It's often required by investors, lenders, or board members before they'll agree to serve or fund a company.
Full Details & Pricing →