Technology Professional MicroPro Office Package

Coverages Available for Technology Professional MicroPro Office Package

• ProSecurity+ endorsement including coverage for malicious code, unauthorized access, $50,000 of professional reputation restoration expense, lifetime occurrence reporting provision for individual insureds and coverage for pro-bono services (available for most risks)
• Additional Privacy Breach Expense limit offered to match the policy limit up to $1,000,000 (for many classes)
• Defense costs outside the limit of liability
• Full prior acts coverage available for first-time purchasers in most states
• Coverage available for intellectual property, bodily injury and property damage arising out of professional services and the defense of sexual abuse or molestation allegations for many classes and in most states
• Punitive damages coverage where insurable by law
• Broad definition of Wrongful Act including coverage for disciplinary proceedings
• Worldwide coverage for wrongful acts subject to claim made within the U.S., its possessions or CanadauFinal adjudication wording
• Supplemental payments coverage for reasonable expenses while an attending arbitration, a trial or hearing
• Spousal and domestic partner liability coverage
• Pre and post judgment interest coverage
• Option to package errors and omissions with a preferred package that includes general liability and property (available for most risks)
• General liability coverage has options for waiver of subrogation and primary/non-contributory wording
• Errors and omissions up to $5,000,000
• General liability available up to $1,000,000/$2,000,000
• Business personal property up to $250,000 in most jurisdictions

Optional Coverage for Technology Professional MicroPro Office Package

• Business income up to $50,000
• Hired and non-owned auto up to $1,000,000
• Excess general liability up to $5,000,000

Coverage Limits Available for Technology Professional MicroPro Office Package

• Errors and omissions up to $5,000,000
• Businessowners package:
• General liability with a $1,000,000 limit/$2,000,000 aggregate and personal property up to $250,000 in total insured value

Claim Example for Technology Professional MicroPro Office Package

Errors & Omissions: Website Developer, LLC is hired to design a fully functional interactive website for a communication company. After 6 months, the developer fails to deliver the website as promised in their contract and the company must hire another developer to finish the website. The communication company sues and claims damages of $3,000,000 which includes the increased cost to complete the website, lost profits because of the delay in the delivery and the market value of the website. Website Developer, LLC argues that the only damages sustained by the plaintiff were limited to the fees paid for the work on the website which was approximately $650,000. Discovery shows that our insured did, in fact, fail to deliver a fully functional website and they sustained damages because of his negligence. The jury renders a verdict for the communications company in the amount over $1,000,000.

Defense Costs: A high school hires Software Programmer, Inc. to design a program used to track student progress. The high school alleges Software Developer, Inc. failed to deliver all aspects of the program promised in the contract and files suit against them for breach of contract on the design of a software program delivered. Discovery was initiated in order to determine what the software programmer promised and what was delivered to the client. The suit was very technical; experts had to be brought in along with many depositions and a thorough review of records. The claim settled for $200.000. The defense costs incurred in the suit were almost $900,000, which is a total incurred cost of over $1,000,000.

Personal Injury: Internet Presence Corp. is contracted by the state government to develop and implement a website for all of the state parks. During the creation process the take their own photographs to use, which includes people throughout the park system enjoying the parks and the various practices they have to offer. In addition, Internet Presence casually interviews the employees of the parks, and posts biographies of each person they spoke to.People in the pictures taken become upset at seeing their images and the images of their children being used without their consent and file suit for invasion of privacy.Employees were also not pleased with the final portrayal of their role in the park system, and file suit for libel and defamation