High Tech Insurance Coverage

At Appleby & Wyman, we have a dedicated team of highly experienced Account Executives whose main focus is to provide extensive property and casualty insurance programs for companies operating in the technology arena.  Emerging, mid-sized and large high-tech corporations have for many years relied on our expert staff to implement insurance solutions for their evolving and specific coverage needs. 

One of the main coverages we suggest high-tech companies consider purchasing is Errors and Omissions Insurance.  Read below to find out why:

Today’s technology industry is constantly growing and changing, and as result of such development, many high-tech firms are facing greater risks than ever, especially when it comes to product and service performance.  Most companies are not in a position to withstand the financial impact of legal expenses and monetary damages brought about by an E&O lawsuit alleging the failure of a product to perform its function, or the inability of a firm to perform services specified within the terms of a contract.  While the loss of reputation that an information and network technology company could suffer is largely indeterminable, its financial loss from a lawsuit can be greatly minimized through Errors and Omissions Insurance.  Errors and Omissions Insurance, also known as Professional Liability Insurance, consists of coverage that can be included or excluded depending on the coverage needs of your specific tech company as well as your budget. You must have an understanding of your particular business liability insurance exposure to various lawsuits depending on your unique services, and then an Errors and Omissions coverage policy (with or without the coverage enhancements) can be tailored to suit your specific insurance needs.  

In addition to Errors & Omissions Insurance as described above, we also offer coverages that extend over the remainder of your business, such as:

• Commercial General Liability protection specifically designed for technology companies.
• Automobile Liability and Physical Damage.
• Workers’ Compensation.
• Umbrella and Excess Liability.    

Contact Appleby & Wyman today and allow one of our seasoned Account Executives customize a comprehensive technology insurance program for you and your company.  Call (800) 928-2289 

The following is a list of the types of technology customers we insure:

• Computer Hardware Designers & Manufacturers
• Custom Programmers
• Data Processors
• Web Designers
• Value Added Resellers (VAR’s)
• Internet Service Providers (ISP’s)
• IT Professionals
• Electronics Manufacturers