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.

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.

  • 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:

  • 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

Technology E&O – Example of Insureds

  • 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