LA Fashion BroadWay

Technology errors and omissions insurance is vital to protect any company that works in the technology industry. Technology has advanced so far these days, but that does not mean problems don’t arise in the technology field. Computers can crash, software can have problems and clients may hold you responsible if errors are made.

Coverage of this type of errors and omissions insurance includes legal defense fees, court costs and any other fees that may arise no matter how small or baseless the lawsuit. The coverage is all determined on the coverage limits stated on your policy.

It’s important to know that Commercial General Liability insurance is not the same as errors and omissions insurance and will not cover things like programming errors, performance disputes or other professional liability issues that may arise. You are taking a huge risk if you do not have technology errors and omissions insurance.

Errors and omissions insurance not only covers your mistakes, but mistakes made by employees or independent contractors that work for you. Computers and people aren’t perfect. Mistakes can happen and a very important client could hold your company liable if they run into a situation where a computer or software program that you provided them has problems and shuts down their business. Make sure your company is protected with technology errors and omissions insurance so you can maintain a smooth running company and a good reputation for doing business.