IES Offers Errors & Omissions Package Policy for Technology Professionals

December 8, 2008

Indemnity Excess & Surplus Agency of Beaverton, Ore., is offering a product that combines professional liability and general liability into one policy for technology service providers.

The single policy includes separate coverage sections for errors and omissions and professional office package, and is admitted in most states. Coverage includes personal injury, unauthorized access and malicious code, and business interruption. Optional coverages are available for intellectual property, hired and non-owned automobiles, and full prior acts. Policyholders receive free access to eRisk Hub, which is anonline risk management and resource tool.

According to IES, as the U.S. economy continues to tighten and businesses are looking for ways to streamline their operations, they are looking to technology service providers, or technology consultants to help them get more out of their technology hardware and software. The majority of the services provided by the technology and I.T. consultants open these professionals to errors and omissions exposures that are not usually covered under a standard general liability or business owners policy. Some of these exposures include programming errors, improper system installation/integration, and hardware maintenance. In the course of their work, technology service providers may find themselves defending against allegations of copyright infringement, transmission of a virus, or unauthorized access to a client’s system. Damages and defense in these types of cases can result in large monetary losses to the technology service provider.

For more information, visit The product is available for online quoting on IES’s Web site. IES maintains surplus lines licenses in eleven states including: Arizona, California, Colorado, Connecticut, Florida, Hawaii, Idaho, Nevada, Oregon, Texas, and Washington.

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