Error And Omission Coverage For Your Business Needs!

Technology is everywhere. Without technology, business can’t run their operations in this world smoothly. When a business needs one such technological solution, they’ll reach out to tech companies, for their technological needs. As a tech company, you can provide the solution they need, it may be an app, a website, an e-commerce store, etc.

If you serve them properly there are no issues. But if a business is unsatisfied with your product, or if you fail to deliver the product on time, the business can sue you. This is where tech E&O insurance in St. Louis can help you. At Jain Insurance Agency, we have suitable plans that can cover your tech company. Contact us today to choose your plan!

Error And Omission

Why Do You Need a Tech E&O Insurance Policy?

Be it any business, mistakes are undeniable. However, when it comes to running a tech company, these errors can often result in significant financial losses. Even if the mistake wasn't caused by your negligence, you may still be held accountable for it. This is precisely why it's crucial to have a comprehensive Tech Errors & Omissions (E&O) insurance policy. Such a policy can provide you with much-needed support and protection during difficult times. Here are some compelling reasons, why you need tech E&O insurance:

Protection Against Lawsuits

Protection Against Lawsuits

As a tech company, you may create software for your client. If a software glitch causes a client's business to suffer losses or if a product fails to perform as expected, the affected parties may file a lawsuit against the tech company. Tech E&O coverage provides financial protection against such lawsuits, covering legal defense costs, settlements, or judgments.

Professional Negligence

Defense Against Allegations of Professional Negligence

Tech E&O coverage protects against allegations of professional negligence, errors, or omissions in the performance of services. Whether it's a coding error, a security breach, or a failure to meet contractual obligations, this coverage can help mitigate the financial consequences of such incidents.

Risk Management

Risk Management

New technologies, methodologies, and regulations emerge regularly, presenting new challenges and risks for tech companies like yours. Tech E&O coverage helps companies manage these risks by providing financial protection against unforeseen liabilities associated with their professional services.

Contractual Requirements

Contractual Requirements

Many clients, particularly large enterprises or government agencies, require tech vendors to carry Tech E&O insurance as a condition of doing business. By obtaining this coverage, tech companies can expand their opportunities for securing lucrative contracts and partnerships.

What Does Our Technology E&O Insurance Cover For You?

Tech errors and omissions (E&O) insurance is critical for businesses involved in technology. However, every insurance company offers different coverage for different issues. Here’s what our policy at Jain Insurance covers for you:

Errors in Service Or Advice

Professional Negligence

Breach Of Contract

Data Breaches

Intellectual Property Infringement

Various Industries Our Tech E&O Insurance in St. Louis
Covers For

  • Software Companies & Developers
  • Hardware Manufacturers
  • Mobile App Development Companies
  • Website And Web App Development Companies
  • Tech Consulting
  • Marketing Service Providers
  • Sales Companies
  • SAAS Service Providers
  • Medical Technology Providers
  • Financial Consultants

Choose Jain Insurance And Protect Your Business Today!

When it comes to technology, a single wrong step or an unsatisfied client can make you face lawsuits. With our comprehensive coverage plans, we have successfully assisted numerous businesses in mitigating such risks. As a small business ourselves, we understand the challenges that come with running a business in the United States. Our comprehensive coverage includes protection against negligence, data breaches, and other unforeseen events that may result in financial losses. Contact us today for your business needs!