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Owners of technology companies are often unaware of the difference between General Liability and Professional Liability insurance.

Watch video and learn more.

Professional Liability policies are designed to cover exposures generally excluded under a General Liability policy such as:

• Liability associated with economic loss arising from a third party’s use of a technology company’s goods, products or services.

• Loss, damage or corruption of a third party’s intangible property (eg: electronic data).
• A third party’s tangible property that’s not physically damaged but is rendered unusable due to a technology company’s defective product or service (eg: new software installed but none of the other existing programs are now functioning correctly).