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Types of Technology Insurance

There are several types of technology insurance policies available, each catering to different aspects of risk:

• Cyber Liability Insurance: This covers the costs associated with data breaches and cyber-attacks, including legal fees, notification costs, and credit monitoring for affected individuals.
• Errors and Omissions Insurance: This policy protects against claims of negligence or inadequate work, which is particularly relevant for technology service providers.
• Technology Professional Liability Insurance: This provides coverage for legal defense costs and damages if a client claims that your technology product or service caused them financial harm.

By understanding these options, businesses can tailor their insurance plans to meet their specific needs, ensuring comprehensive coverage.