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Insurance technology companies can have very different roles: software provider, agency, administrator, or business exercising authority for a carrier. Before comparing quotes, list the services, entities, data, funds, and contracts involved. A California producer-license lookup can verify a listed licensee’s status and discipline history, but it does not show whether a policy fits your operations.
Consider professional errors and omissions (E&O), technology errors and omissions (E&O), cyber liability, crime, directors and officers, and employment practices liability. Start with the coverages tied to your day-to-day operations, then use the situations and buying questions below to compare your options.
You sell, advise on, place, administer, or adjust insurance products for customers or a carrier.
Ask which professional acts, entities, and customer-facing services the actual form covers and what financial-services, contract, and regulatory exclusions apply. Ask the insurer to explain the response under the actual form.[2]
Which named professional services, entities, alleged errors, financial-services exclusions, and defense-cost terms appear in the actual wording?
An insurer, agency, or customer relies on your quoting, rating, policy-administration, claims, or data software.
Describe the software service and a concrete failure scenario. Ask how the specific technology E&O wording addresses the service, financial loss, subcontractors, and contractual duties; do not infer an answer from the line name.[3]
Which named services, entities, alleged financial injury, financial-services exclusions, and defense-cost terms appear in the actual wording?
You handle policyholder financial or health information or depend on claims, policy, or cloud systems.
NAIC describes cyber policies as highly customized and says most commercial property and general-liability policies do not cover cyber risks. Compare the actual data, vendor, response, and interruption terms.[5]
Does the quote address policyholder and customer data, underwriting and claims systems, carrier or program vendors, response costs, and interruption? Which sublimits, waiting periods, and exclusions apply?
You handle premium, commission, claim, settlement, or customer funds, or staff can change payment instructions.
Crime forms vary by purchased causes and insured property. Ask whose money, what persons and instructions, and which transfer routes are described; do not assume customer funds or a digital transfer is included.[6]
Whose property is insured, and which people, instructions, transfer methods, discovery terms, direct-loss conditions, and exclusions apply?
A carrier partnership, board, investor, or acquisition changes governance and management responsibilities.
A board, investor, or contract request is a prompt to compare the entities, people, claim definitions, and insurance-activity exclusions in the proposed wording.[3]
Which entities and people are insured, what claims and defense costs are addressed, and which financial-services or regulatory exclusions apply?
You hire producers, claims staff, engineers, or support teams, or add another employing entity.
Employment-related claims are distinct from standard CGL categories. Ask which employing entities and worker groups are insured and what allegations and defense terms the actual form lists.[4]
Which employing entities, worker groups, allegations, defense-cost terms, and exclusions appear in the proposed form?
For each entity, identify whether it only supplies software or also markets, solicits, places, binds, services, or adjusts coverage, or performs work under delegated authority. Ask the broker to put each service and capacity into the application and name the correct insured entities. A software description alone may omit work the contract assigns.[2][3]
In California, use CDI’s inquiry to check the intermediary’s status and discipline history, then confirm its listed license class. The lookup does not establish expertise or whether a policy fits your business.[1][2]
List policyholder data, premium and settlement funds, claim decisions, insurer systems, and third-party vendors separately. For each, ask what the quote says about your own property, customer property, fraudulent instructions, data incidents, and interruption. A general crime or cyber category does not settle these questions.[6][5]
For any carrier or bank contract, compare the required notice, service, continuity, indemnity, and evidence terms with the actual application and policy documents. Ask the insurer whether the wording addresses the obligation you accepted; do not treat a partner checklist as proof of coverage.[3]
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No. CDI’s lookup can verify a listed licensee’s status and discipline history, and its page lists license classes. Neither establishes the quality of advice or the fit of an insurance form.[1][2]
Read the Full AnswerDo not assume that. Software, producer services, and delegated work are different operations to describe in the submission; ask the insurer which are listed and how the form treats each.[2]
Read the Full AnswerCalifornia-only tool to check listed intermediary license status and discipline history.
California producer class list; it does not determine which class a business activity requires or whether a policy fits.
Bank-side guidance for service-provider diligence and contracts, not an insurance mandate.
Generic line explanations and distinctions; not insurance or insurtech-specific response evidence.
General cyber customization context; not a policy form.
Commercial line definitions and quote review from California’s regulator; keep legal examples California-specific.
This guide is general insurance buying education, not a producer-licensing determination or coverage opinion. Confirm licensing and regulatory questions for each jurisdiction and review policy wording with the broker and insurer.
Updated 2026-09-28. Editorial Policy
Spot, which publishes this research, gets quotes from 50+ providers, picks the options that fit your coverage and budget, and manages renewals after you buy. The first consultation is free. Book a free consultation
