A software defect allegedly causes a customer to lose revenue.
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Commercial Insurance Solution
Technology Errors & Omissions
Coverage for financial loss allegations arising from technology products, professional services or a failure to perform as promised.
Request a ProposalWho it helps
Coverage aligned with the exposure
- Software, SaaS and platform companies
- IT consultants, managed-service providers and systems integrators
- Technology vendors with performance, uptime or service commitments
Claim scenarios
How a claim might arise
An implementation delay leads to a contractual dispute and damages demand.
A client alleges that professional technology advice failed to meet the agreed standard.
These examples are illustrative only. Whether a claim is covered depends on the actual facts and the policy’s terms, conditions, exclusions, limits and endorsements.
Review carefully
Exclusions and options to discuss
- Contractual liability and performance guarantees
- Intellectual-property and media liability extensions
- Cyber liability coordination and breach response
- Prior acts, retroactive dates and claims-made reporting
Prepare for a quote
Information your broker may need
- Description of products and services
- Revenue by service, customer type and geography
- Sample contracts and largest customer engagements
- Prior claims and requested limits
Frequently Asked Questions
Common questions
Is technology E&O insurance required?
Requirements depend on your operations, contracts, state law and other circumstances. A Peloton broker can help identify contractual and practical requirements that apply to your organization.
How is pricing determined?
Insurers generally consider the organization’s size, operations, loss history, limits, deductibles, controls and other coverage-specific exposures.
Can this coverage be coordinated with our other policies?
Yes. Reviewing related policies together can help identify gaps, overlaps and inconsistent terms before a claim occurs.
Talk with Peloton
Build a proposal around your organization—not a generic checklist.
This page provides general information only and is not legal advice or a representation of coverage. Policy terms and availability vary by insurer and risk.