Insurance Glossary

Technology Errors and Omissions

Business

Definition

Specialized professional liability insurance for technology companies, covering claims arising from software failures, data loss, system downtime, or failure to deliver promised services.

Was this definition helpful?

Related Terms

Professional Liability Insurance
Also known as Errors and Omissions (E&O) insurance, this coverage protects professionals against claims of negligence, mistakes, or failure to perform professional duties.
Cyber Liability Insurance
Coverage that protects businesses against losses from data breaches, cyberattacks, network security failures, and privacy violations.
Errors and Omissions Insurance
Professional liability coverage that protects service providers against claims of inadequate work, negligent actions, or failure to perform services as promised.
Business Interruption Insurance
Coverage that compensates a business for lost income during periods when operations are suspended due to covered perils such as fire, natural disaster, or other insured events.
Commercial General Liability
Insurance that protects businesses against claims of bodily injury, property damage, personal injury, and advertising injury that occur during normal business operations.
Workers' Compensation Insurance
Required insurance that provides medical benefits and wage replacement to employees who are injured or become ill in the course of employment.
Commercial Property Insurance
Insurance that covers buildings, equipment, inventory, and other physical assets owned or used by a business against damage from fire, theft, vandalism, and other covered perils.
Explore More