Technology Errors & Omissions (Tech E&O)
Placed nationwide by Machaen Insurance Agency with A-rated carriers.
Overview
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.
Who Needs This Coverage
- Software-as-a-service (SaaS) and application developers
- IT consultants, managed service providers, and systems integrators
- Technology vendors whose products or services are embedded in a client's operations
How Much Does It Cost?
Pricing is driven by your revenue, the criticality of your product to client operations, the limits your contracts require, and your security and quality assurance practices. Many technology clients now contractually require both Tech E&O and cyber coverage before signing a vendor agreement.
How to Get Covered
Apply
Complete a short application with your business and coverage details.
Get Quoted
We shop the market among A-rated carriers for the most competitive terms.
Get Covered
Sign your agreement and receive your bond or policy, often within a few business days.
Stay Compliant
We track renewal dates so your coverage stays active without a lapse.
Frequently Asked Questions
How is Tech E&O different from standard E&O?+
Tech E&O is written specifically for technology exposures and typically bundles cyber liability coverage alongside professional liability, since a software failure often triggers both types of claims at once.
Do I need Tech E&O if I already have cyber insurance?+
Standalone cyber policies don't typically cover claims that your product or service failed to perform as promised, which is why technology companies usually need both, often combined into a single Tech E&O policy.
What kinds of claims does Tech E&O respond to?+
Common claims include software defects or outages that disrupt a client's business, failure to deliver a project on time or to specification, and data incidents tied to your technology or platform.
Get a Quote for Technology Errors & Omissions (Tech E&O)
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