Lexington Insurance, a Chartis company, has launched Parity, a technology contract risk policy. Parity protects organizations from potential losses and expenses resulting from the negligence of a technology professional.

Lexington says that, due to a technology professional's negligence, organizations may suffer losses not recoverable from that professional because of a contractual limitation of liability. Parity responds by covering business interruption losses, amounts owed to the insured's clients, costs to correct the error and expenses to engage a new technology vendor to complete the project, if necessary.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access