360 Degrees Group Inc.

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  • sales@360degreesgroup.com
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Technology Errors & Omissions

Technology Errors & Omissions (E&O) coverage is a professional liability insurance specifically designed for technology businesses. It provides protection against claims of negligence or inadequate work, specifically in the services or products that a technology company provides or develops.

Cyber Liability Insurance

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Intellectual Property

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Business Property

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Product Liability

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What it covers:

Negligence

Errors in Service

Omissions

Breach of Warranty or Contract

What it covers:

Policy Limits

Common limits range from $1 million to $5 million, but higher limits are available for companies with greater exposure.

Deductibles

Deductibles can start from $2,500 and up, depending on the company's size and the risk involved.

Why do you need Cyber Liability coverage:

Contractual Obligations

Often a contractual necessity, as clients want assurance that there will be financial recourse if the technology company fails to deliver as promised.

Legal Defense Costs

Provides for the defense of the company in a lawsuit, which can be prohibitively expensive without coverage.

Professional Service Protection

Companies are often required to adhere to strict data protection regulations, and non-compliance can lead to hefty fines.

Credibility with Clients

Can increase a company's credibility and trustworthiness in the eyes of clients who know that there's financial backing in the event something goes wrong.

Technology Errors & Omissions Sign-Up Form

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