Available on non-admitted basis to technology firms with revenues up to $10m
Business Risk Partners has launched general liability (GL) coverage to technology firms that purchase Errors & Omissions policies. The coverage is underwritten by Lloyds.
The combination of policies are available on a non-admitted basis to technology firms with revenues up to $10m. Capacity of up to one million dollars per claim and two million aggregate is also available.
Lisa Doherty, president of Business Risk Partners, said: “Today a service firm without GL and E&O coverage runs serious risks. While offering brokers the convenience of one-stop shopping with two comprehensive policies, equally important is that bundling these products helps to eliminate the grey areas between GL and E&O coverage in the tech arena, which can leave companies vulnerable.
“By using one underwriting team for both their GL and E&O coverage, companies can minimize these sticky situations and make sure their bases are covered.”