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Monarch E&S is proud to offer executive, professional and cyber liability coverage through our sister company, CSRisks. CSRisks is a leading executive, professional and cyber liability wholesale insurance brokerage. Their knowledgeable experts provide analytical capabilities, a consultative approach and expert insurance broking services. With access to over 30 A rated insurance carriers, both admitted and non-admitted, their specialization means they quickly provide the cost-effective coverage and analysis retail agents rely on.
Technology liability insurance is a type of Errors & Omissions policy that covers claims for potential damages relating to mistakes or negligent acts in the performance of professional services. This includes both the technology service providers as well as the technology products providers. This can encompass software errors, delay or failure to deliver final product, intellectual property/copyright infringement, failure to implement or install software, manufacturing errors and more.
All technology service and product providers are exposed to potential claims of negligence or errors. This policy can cover cloud computing providers, AI/machine learning providers, custom software development and licensing, MSP, ASP, SaaS, hardware & software installation and integration, tech staffing, payment processors, app developers, cybersecurity specialists, network security consulting as well as others. Claims can be quite complex with crossover issues for cyber liability and many tech E&O policies are written in combination with cyber liability coverage.
A Technology E&O policy can cover a range of risks from a small oversight to system failure. With more operations being automated, the risk of technology disrupting business operations is growing. A small coding error could end up closing a software engineering firm. Claims can also come from unexpected sources when there are tech services that are provided with an Insureds primary operation, such as in engineering services. From offering flawed systems design consulting to technology hardware that disrupts a business, these technology services or products must be contemplated and covered as part of an overall risk management plan.
Whether the client is a start-up, a growing enterprise, or established technology giant, these policies are structured to protect against unforeseen challenges to come with innovation and digital advancement. Both technology service providers and product providers are eligible for policies. Coverage may be needed for a specific client or project which can also be written.
Not all Technology liability policies have the same insuring agreements, so it is important to review with your advisor. In addition to the Errors & Omissions, coverage can include breach of contract, copyright infringement, failure to render services such as telecommunications as well as additional miscellaneous professional services.
Technology professional liability can be combined with cyber liability coverage. While they may seem to be the same, the technology coverage claims for failure of products and services, whereas cyber liability covers claims from a security or privacy event. It can also include contingent bodily injury and property damage coverage.
Amanda Sedliak, CIC, President, Capitol Special Risks
Alison Green, Director of Brokerage, Capitol Special Risks
Mike Morales, Senior Vice President, Specialty Wholesale Insurance Solutions
© 2025 Monarch E&S. All Rights Reserved. A division of Specialty Program Group LLC. Doing business in California as SPG Insurance Solutions License No. 0L09546.