Industry

An open roll-top desk holds a gear, a blank-faced clock, a notebook and a pencil in orderly pigeonholes.Illustration for The General Average

Is technology E&O just another name for professional E&O?

Not necessarily. A label alone does not show how a form treats your software, integrations or implementation services. Ask the insurer to compare the service definitions, covered allegations and exclusions in the specific forms.

Ask the insurer to identify the exact form and define the insured technology services, covered allegations, financial loss, exclusions and any conditions.⁵

Read the Productivity Software Insurance Buying Guide

Sources

7 documents, numbered as cited. Open the sources

Sources and Further Reading for Productivity Software

1
Cybersecurity for Small Business — Federal Trade Commission. Supplier risk, response planning and cyber-insurance buyer questions. Educational guidance, not policy wording.FTC small-business guidance on supplier risks and cyber-insurance review questions.
2
Cyber Insurance — Federal Trade Commission (content developed with NAIC and federal partners). First-party coverage, lines 46–77; third-party coverage, lines 78–102. Examples are not a promise for any policy.FTC first-party and third-party cyber examples, explicitly subject to policy terms.
3
Small Business Insurance — National Association of Insurance Commissioners. BOP and exclusions; general liability and exclusions; professional liability, crime and cyber; business property. General educational descriptions, not policy terms.
4
Business Interruption and Business Owner Policy — National Association of Insurance Commissioners. Business interruption and contingent business interruption; covered physical damage and dependent-business trigger qualifications.
5
Cyber Insurance Coverage and Products — Chubb. DigiTech Enterprise Risk Management product description; Chubb’s named product summary describes technology E&O for third-party financial injury arising from insured products and services. Product-specific summary, not a universal definition or buyer policy form.
6
Technology Exposures — Chubb. Information loss, network-security failure, interruption, vendor incidents and technology-service errors; exposure examples, not a coverage determination.Chubb exposure scenarios for technology-service, vendor and network risks; exposure guidance only.
7
Commercial Insurance Guide — California Department of Insurance. Revised June 14, 2024; commercial property, inland marine, boiler and machinery/equipment breakdown, commercial general liability, commercial auto, umbrella, and workers compensation. California-focused guidance; confirm other jurisdictions and actual policy wording.

Want someone to handle this for you?

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