Provided by Professional Risks

Information Technology

State-of-the-art development requires cutting-edge support. With Tokio Marine HCC, you’ll have a partner that delivers.

 Tokio Marine HCC specialises in Technology Errors & Omissions insurance, providing tailored coverage for technology firms operating within a rapidly evolving and highly interconnected digital environment.

Our underwriting team has deep expertise in the contractual, professional, and emerging-technology exposures inherent to modern tech operations, including cybersecurity services, AI development, data-driven platforms, and algorithmic decision-making systems.

Our Technology E&O policy is purpose-built for the Canadian market, to provide up-to-date coverage, written by experts and backed by a specialist underwriting team who understand the specific exposures associated with the Technology market.

 

Technology Clients include:

  • AI Development and Consultancy
  • Custom Software Developers
  • Cybersecurity Consultants
  • Database Administrators / Designers
  • Hardware Installation / Support
  • IT Project Managers
  • IT Training Consultants
  • IT Staffing / Staff Augmentation
  • Managed Service Providers
  • Mobile Application Designers
  • Network Support Services
  • Software as a Service (SaaS) providers
  • Software Developers
  • Website Designers 

Summary of coverage

  • Limits of Liability of up to $20,000,000 available on both Standalone E&O and combined E&O/CGL basis
  • Coverage for up to 100% US exposure with Worldwide Jurisdiction cover available
  • Defence costs in addition to the Indemnity Limit as standard
  • 3rd Party Network Security and Privacy Liability as standard
  • Breach of contract and liquidated damages coverage
  • Inadvertent transmission of a computer virus, Failure to protect against unauthorised access/use and Denial of Service attacks coverage as standard
  • Cyber Coverage available
  • Ability to package with D&O/EPL and other commercial insurances upon request
  • Excess layers considered

Claims scenarios

Breach of Contract / IT Services: An IT consultant incorrectly configured a client's ERP system, causing business interruption and additional remediation costs. The client alleges breach of contract for failing to provide the agreed IT services

Negligent Act, Error or Omission: A consultant recommends an unsuitable cloud infrastructure solution that cannot support the client's operations, resulting in financial loss and a negligence claim.

Network Security & Privacy Liability - Data Breach: Due to a configuration error by the consultant, customer records are exposed online. Affected third parties sue the client, who in turn pursues the consultant for the loss

Professional Risks Canada - Documents

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Why choose Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance.

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