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NECTAR PRO - Tech E&O

 

Technology is touching every part of human life as well as the way corporations operating their business. Therefore, it is also a greater source of risk. NectarPRO is a leading underwriter of technology/cyber coverage and other specialty products. We have a dedicated team of underwriters and claim service providers who are specialists and use expertise developed over years to deliver risk management advice, customised insurance solutions and excellent claims service.

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Our Tech E&O policy addresses emerging liability exposures arising from the performance of the software services & products, IT security services and media content dissemination. The policy is designed for any corporation providing technology, telecommunications and/or web-based services or products.

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  • Aggregate or Any One Claim policy limits

  • Single policy that can cover a technology company’s liability for:

  • Unintentional breach of contract during provision of software or IT related services

  • Negligent acts, errors or omissions

  • Invasion of privacy/publicity

  • Intellectual property infringement

  • Defamation

  • Breach of confidentiality

  • Loss of documents

  • Fraud/dishonesty of employee

  • Failure to prevent unauthorised access, use of, tampering with or introduction of malicious code

  • Denial of access or denial of service attack

  • Civil liability

 

Additional coverage available by endorsement for:

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  • Data breach notification, credit monitoring, public relations and forensics expenses

  • Computer system extortion expenses and loss

  • Regulatory action defence costs

  • Data recovery expenses

  • Worldwide territory and jurisdiction scope

  • Primary and excess

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Technology E&O – Example of Insureds

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  • Technology Consultants

  • Cloud data centres

  • Internet and Digital Media Services

  • Network Security Services

  • Electronics Manufacturers

  • Application Service Providers

  • Network Developers, Managers and Consultants

  • Search Engines, E-commerce service providers 

  • Website Developers, Designers, Consultants, Hosts and Administrators

  • Software Developers

  • Telecommunications and Wireless Services

  • Games Developers

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