One of the biggest risks a California IT Services company faces is the possibility of being sued. Their clients are dependent on technology to run business processes, place and receive orders, manufacture products and more. They rely on their IT companies for protection from Cyberattacks. When technology fails, the financial impact can be significant and the companies affected often seek compensation from their technology product or service providers.
Cyber criminals are using increasingly sophisticated methods of stealing data. In order to help protect customers, it’s imperative that IT services stay on top of emerging technologies, like wearable tech and artificial intelligence, as well as rapidly evolving systems and software updates. As reliance on technology increases so do the risks technology companies face when providing services. To help prepare them to hit these challenges head on, our programs offer the following coverage enhancements:
Professional Liability Coverage
- Errors & Omissions (E&O) Liability: negligence, breach of warranty or representation
- Security Liability, including failure to prevent:
» Denial or disruption of service
» Unauthorized access or use, repudiation of access, introducing malicious code
» Identity theft or disclosure of nonpublic personal information
» Disclosure of third-party nonpublic corporate information
- Data Privacy and Network Security Liability Coverage
- Security liability for activities on an insured’s computer system or network, including those of a third-party cloud provider
We help our clients by placing them with insurance carriers whose products are designed specifically for tech companies. Technology companies probably have the highest expectations when it comes to what they can do online. Our carriers meet that challenge head-on with digital capabilities that make it easy and convenient for customer to pay their bills, manage their policies, request certificates, complete audits and set up alerts.
Also Read: Can You Reduce Your Business Insurance Costs?