What Does Tech E&O Insurance from Risklytics Cover?

Risklytics Insurance Services is a licensed insurance producer (NPN 22311838) that places Risklytics Professional Liability (Tech E&O) Insurance with outside carriers; it says it does not underwrite policies itself. ²Company-reportedAbout page; describes Risklytics' brokerage model generally, restated for this line.

Risklytics does not name the carrier that underwrites Risklytics Professional Liability (Tech E&O) Insurance on its site. It says it places business with specialist insurers willing to write robotics, autonomy and AI risk; the issuing carrier appears on the bound policy. ^1,2Company-reportedLines page and about page; no specific insurer is published for this line.

Risklytics says enterprise customers usually require this coverage in procurement before signing a first customer contract, and that it becomes relevant once a customer relies on a model's output. ¹Company-reportedLines page.

Risklytics describes Tech E&O as responding when a company's product or service costs a customer money, such as a perception model mislabeling shipments or an integration error corrupting order data, and distinguishes it from cyber liability, which covers hacks and data leaks rather than a model's own faulty output. ¹Company-reportedLines page; the issued policy and declarations control actual coverage.

Risklytics lists a typical ask of $1 million to $5 million per claim for this line. ¹Company-reportedLines page; actual limits are set on the bound policy.

Risklytics calls Tech E&O the hardest line to get right because some insurers are quietly excluding AI-related losses, and says it reads every policy form for AI exclusions before it binds. ¹Company-reportedLines page.

You start Risklytics Professional Liability (Tech E&O) Insurance through Risklytics' online application. Risklytics says there is no broker fee on top of the premium and a licensed producer stays on the file until the program binds; its commission is paid by the carrier out of the premium either way. ^2,3Company-reportedPricing page describes the general application and fee process, not a line-specific form.