Business Insurance Now has expanded its management consultant errors and omissions (E&O) insurance coverage to include technology-related claims.
According to Business Insurance Now, if a management consultant were sued by a client over an allegation related to a technology recommendation, it will provide professional liability policy coverage.
The company’s sister company, TechInsurance, specializes in insurance for computer consultants, and will use its knowledge about IT solutions and the gaps that exist in standard management consulting errors and omissions insurance policies. It will offer free consultation and no-obligation quotes.
Jim Cochran of Business Insurance Now, said: “Management consultants are also using software to provide analytics that allow the corporate client to monitor the business’ performance to make more effective decisions. This exposes management consultants to the same sorts of liability risks that were previously limited to information technology consultants.”
Business Insurance Now is a web-based e-agent that offers office and professional groups with one-stop shopping for all their property and liability insurance needs. Business Insurance Now offers free, no-obligation quotes and the option to implement coverage immediately.