Technology E&O was created to fill the “gaps” excluded by a traditional General Liability policy which applies mainly to Bodily Injury and Property Damage types of liability. Technology E&O picks up the following type of causes of loss to third parties due to negligence in the rendering of professional services:
Failure to Perform or “it just doesn’t work”
Damage to Data/Intangible Property
Breach of Contract
Financial Injury
Technology E&O can also be expanded to include:
Security or System Attack
– including Failure to Prevent: Denial or Disruption of Service; Unauthorized Access; Introduction of Malicious Code. Intellectual Property or Content
– Infringment of title, trademark service mark, copyright, plagiarism, misuse of IP rights in content in the foregoing Personal Injury
– Defamation, or Disparagement including libel, slander or product or service disparagement
– Invasion, Infringement or Interference with rights of privacy.