New York — XL Insurance, the global insurance operation of Bermuda-based XL Capital Ltd, unveiled a new product, XL Tech, an errors & omissions (E&O) policy for technology products and service providers.
The company says the product is tailored to protect companies in the technology sector from E&O claims.
"While all service providers can face potential E&O claims, E&O risks vary by industry," says David Molitano, XL Insurance's Technology E&O manager. "Technology companies therefore benefit from specialized professional liability coverage, like XL Tech, that is tailored to address their industry-specific risks and delivered by underwriters and claims professionals who have an in-depth understanding of tech risks and how to manage them. The coverage is extensive by our industry standards and is designed for all kinds of technology providers—from data processing companies to Internet service providers, from software developers to records management firms, from medical software companies to Web page designers."
Source: XL Insurance
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
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access