Abram Interstate Insurance Services, Inc., CMGA

Helping Independent Insurance Agents Since 1996

Who Needs Professional Liability Insurance?

Published on November 15, 2016

Any profession whose services or product may pose a risk to their recipients if something went wrong could benefit from professional liability insurance. Even aside from the big ones that first come to mind (doctor’s malpractice insurance, lawyers, etc.), there are many professions with exposures that could leave them reeling if they don’t have the proper coverage.

One such professional sector is the tech industry. The internet is a viable tool that’s made it’s way into our everyday lives. With that has risen the number of tech jobs, and the number of ways their work could leave them with an insurance exposure. Even in last Tuesday’s election day, National Public Radio (NPR) commentators noted that voting had gone smoothly, especially considering they had feared a possible cyber attack on polling stations. Such focus and attacks leave tech professionals a larger target than ever before. And that means there is a larger need for Professional Liability Insurance for the tech industry now more than ever before.

Internet blog, Tech Insurance, puts it this way:

Professional Liability Insurance is the policy tech business owners typically purchase after General Liability Insurance. The reason? Professional Liability Insurance, also known as Errors & Omissions (E&O) Insurance, can protect you financially if your business is sued over work mistakes.

For example, a tech business might get slapped with an E&O lawsuit for:

  • Delivering a project late or incomplete.
  • Creating a buggy app for a client.
  • Failing to secure a client’s network, which allows for a data breach.

A disgruntled client who isn’t happy with how a project turned out can sue, too. A client might even try to sue just to weasel out of paying the bill. (The nerve!) For more on your potential liability, read “5 Professional Liability Exposures Every Tech Business Has.”

For many IT professionals, this type of tech Professional Liability Insurance is even required by client contracts, so it’s not an option of if they get these policies — but who they get them from. You can be the insurance agency that gets them the coverage they need.

Tech Professional Liability Insurance Product Highlight

  • Policy option for smaller firms and extends to them the coverages they need at a price they can afford.
  • Policy options for small to medium-sized accounts offer selections between standard and broad coverage.
  • Policy form includes coverage for:
    • Personal Injury
    • Failure to Prevent Unauthorized Access
    • Malicious Code
  • Option available for Intellectual Property coverage
  • $0 starting deductible on Errors & Omissions and General Liability
  • Errors & Omissions limits available up to $5,000,000
  • Full Prior Acts coverage available, even for first time buyers
  • Available as monoline Errors & Omissions, and we can consider General Liability and Property coverages
  • Ability to consider firms with annual sales up to $15,000,000


*Professional Liability Insurance also available for Directors and Officers, Allied Health, and many more professions!


Click here to submit a one-page quick-quote application now!

Abram Interstate Insurance Services, Inc. is a California wholesale insurance broker (CMGA) that has licensing and expertise to place business in both admitted and non-admitted markets for personal lines insurance and commercial lines insurance in California and surrounding areas. 

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