Should an analytics consultancy and a data product use the same E&O description?
Describe them separately. Consulting may involve advice and analysis; a hosted product may involve software, integrations, data, and service commitments. Ask which service definitions fit each activity.
Ask the insurer to map consulting deliverables and hosted product functions to the proposed service definitions; review the exclusions for each activity.[2][4]
Share sample statements of work, service commitments, and a product description so the application reflects the work.[1]
Read the Analytics Insurance Buying Guide
Sources and Further Reading for Analytics
- Launch your business — Get business insurance — U.S. Small Business Administration. Business insurance overview, common types and buying steps; broad federal mandate statement not relied on.
- Small Business Insurance — National Association of Insurance Commissioners. Small-business coverage categories, exclusions, property interests.
General coverage purposes and exclusions, not policy wording.
- Cybersecurity for Small Business — Federal Trade Commission. Supplier risk assessment and vendor-breach response.
- Cyber insurance coverage & products — Chubb. Named DigiTech technology E&O and cyber interruption examples; summary, not policy wording.
- Cyber Insurance — Federal Trade Commission (content developed with NAIC and federal partners). First-party and third-party cyber examples; not policy wording.
First/third-party examples to turn into quote questions, not promises.
- Commercial Insurance Guide — California Department of Insurance. Revised June 14, 2024: buying cover; property/time-element; inland marine; equipment breakdown; GL; workers compensation; rating.
- Technology Exposures — Chubb. Technology-service, data, vendor, and interruption scenarios; exposure guide.
Carrier exposure scenarios to shape questions, not insurance response.
Spot, a product of Tools for Enlightenment, publishes this guide and works in the commercial insurance market. This is general buyer education. Policy wording and applicable state rules determine terms for a particular business.
Updated 2026-09-28. Editorial Policy
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