Insurance

Recommend Professional Liability (Errors & Omissions) insurance vendor for software developer?

John Fitch Systems Engineering & Decision Management Consultant, ESEP

February 16th, 2015

I have a software subcontract that requires I get Professional Liability insurance (Errors and Omissions).  Can anyone recommend a vendor that offers this product for a software development, Saas and consulting company?

Nathan Therrien Founder of Business Insurance & Benefits Services of MA

February 16th, 2015

John,

As a broker working with quite a few software/SAAS clients, a few insurance companies that I see play well in this space are Chubb, CFC and CNA. They usually offer good terms to software/consulting firms and cover all the bases inherent in third party contracts such as the one you are describing.

If you could use some help on this, consider my hat thrown in the ring.

Nathan Therrien

Founder, BIBSMA

978-400-7014, nathan@bibsma.com

www.bibsma.com

Andrew Westberg Nike+ Running App Android Developer at Nike

February 16th, 2015

I've used techinsurance.com as a broker. I had to get an E&O policy as a requirement of a partnership with Verizon and this is who they recommended to me.

Jasmine Alexander

February 16th, 2015

I used hiscox.com  http://www.hiscox.com/small-business-insurance/errors-and-omissions-insurance/

I called several places and many of them seem to be reselling hiscox policies.  So, I went direct to them.  Easy to work with.  Lots of forms to read through.

Lawrence Lerner Digitalization and Transformation Coach

February 16th, 2015

Most insurance companies offer this. Your regular auto/home insurer probably does and you may get a better deal since you're buying more from them.

Anonymous

May 22nd, 2015

Our company is just starting out, but we automatically recommend what insurance you should consider based on your business attributes. We can't yet underwrite the policies (still working on that), but at least you'll know what coverage you need (and why).

https://www.gatherins.com

Just click "build your policy"