Cyber Package
As we watch the constantly evolving global economy in the 21 st century, we recognize that traditional insurance no longer responds to the needs of the new business professional who relies heavily on technology in their day to day operations. The current legal landscape is evolving but the current insurance products written by traditional insurance companies are not. Today, products and services span international borders and are distributed around the globe, often involving the internet. This is why technology based companies require specialist insurance. Truman Van Dyke Company can assist you with the insurance necessary for the modern technology entertainment enterprise.
Broad Coverage
Our Technology Insurance Package policy is not just errors and omissions insurance. It is a specialty product that covers key liability exposures for technology companies that others do not including business property, business liability, non-owned & hired automobile, and cyber liability.
Policy features include:
- Clear, unambiguous cover for breach of a client contract providing you with certainty that this critical exposure is covered
- Full civil liability coverage, not just negligence
- Specific cover for breach of intellectual property rights
- Cover for suits brought anywhere in the world as standard
- Payment of fees withheld by an aggrieved client if this mitigates a potentially larger claim
- Reimbursement of costs incurred to help reduce or avoid a claim
- Punitive and exemplary damages cover where allowed by law
- No exclusions for civil fines and penalties, project delays, or third party defects
- No pre-defined definition of technology activities that restricts cover
- Virus and hacking liability cover
Limits, Premiums and Deductible
- Limit of Liability up to $10,000,000 available
- Deductibles starting from $1,000
- Premiums starting from as little as $500