Hiscox USA Offers Technology E&O

November 9, 2006

Hiscox USA, part of the Hiscox Group, a provider of specialty insurance, is now licensed to provide technology errors and omissions (E&O) insurance to U.S. businesses directly from its two New York locations.

Neil Bolton, lead Technology, Media & Telecom underwriter at Hiscox plc in London said the same coverage that is made avalabke to large scale technology clients will now be offered to middle-market IT companies in the U.S.

This insurance will be written on a non-admitted basis through Hiscox USA’s two New York locations in Manhattan and Armonk and is currently available to brokers throughout the U.S.

Notable features of the Hiscox USA Technology E&O insurance include:

* Breach of contract due to software, hardware or firmware not conforming to specification

* Breach of security

* Liability arising out of breach of contractual indemnity relating to any
infringement of intellectual property rights or breach of confidence

* Duty to defend cover

* Defense and indemnity coverage for unfair competition claims in
conjunction with intellectual property infringement

* Software as both the provision of a service and the supply of goods

* Fees you are owed by a client that are justifiably withheld due to
dissatisfaction with your performance

Source: Hiscox USA
www.hiscoxusa.com.

Was this article valuable?

Here are more articles you may enjoy.