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Tech E&O Insurance From $50/Month

Coverage for software companies, IT consultants, SaaS startups, and data processing firms. Protect against E&O claims, cyber risks, and contractual disputes.

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Coverage Options

SaaS Startup

Subscription software companies with recurring revenue.

From $50/mo

IT Consulting

Independent IT consultants and small firms.

From $55/mo

Software Development

Custom software dev agencies and freelancers.

From $60/mo

Data Processing

Firms processing customer or third-party data at scale.

From $120/mo

Managed Services Provider

MSPs managing client IT infrastructure.

From $85/mo

DevOps + Cloud Consulting

AWS / Azure / GCP migration and infrastructure work.

From $75/mo

Why Act Now

$1M-$5M standard tech E&O limits
$50/mo starting rate for solo developers
24 hr binding time after quote acceptance
4 A-rated tech carriers in our network

Compare Top Providers

Provider rate comparison
ProviderStarting Rate
The Hartford$55/mo
Hiscox$50/mo
Chubb$70/mo
Travelers$65/mo

How It Works

  • Errors & Omissions (E&O) Covers software bugs, outages, missed deadlines, and other claims your work caused a client financial loss.
  • Cyber Liability Covers data breaches, ransomware, regulatory fines (GDPR, CCPA), and breach-response coordination.
  • Contractual Defense Covers claims under master service agreements (MSAs) and statement of work disputes.
  • General Liability Third-party injuries, property damage, and advertising-injury claims.
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What to Look For

What Good Carriers Offer
  • A.M. Best "A" rating or higher
  • Transparent pricing with no hidden fees
  • Fast claims processing (under 48 hours)
  • 24/7 customer support
Red Flags to Avoid
  • No financial strength rating listed
  • Unusually low quotes with exclusions buried in fine print
  • Pressure tactics or "limited time" pricing
  • Poor BBB rating or excessive complaints

What Our Customers Say

“Bug in our SaaS dropped a client's checkout for 6 hours. They wanted $80K in lost revenue. Tech E&O paid $45K in defense + settlement.”
Karim S. SaaS founder
“AWS migration project ran 4 months late. Client claimed $120K in damages. E&O carrier brought in a tech mediator and we settled for $32K.”
Anna L. DevOps consulting firm
“Ransomware encrypted our client's servers during a managed services engagement. Cyber + E&O covered the $180K incident response.”
David T. MSP owner

What Is Technology E&O Insurance?

Technology E&O insurance is a specialty professional liability policy built for businesses that build, sell, or service technology — SaaS companies, IT consultants, software development agencies, managed service providers (MSPs), data processors, and DevOps / cloud consultants. It covers claims that your technology product or service caused a client financial loss, including software bugs and defects, system outages and downtime, SaaS SLA breaches, integration failures, missed deadlines, data corruption, and contractual disputes under master service agreements.

The "technology" qualifier matters: standard professional liability E&O policies often exclude technology services entirely or sub-limit them severely. Tech E&O is written specifically for the technology risk class. Modern policies from Hartford, Hiscox, and Chubb bundle tech E&O with cyber liability because the risks overlap heavily — a software bug that exposes customer data triggers both E&O (the bug) and cyber (the breach). Buying them separately almost always leaves coverage gaps.

How Much Does Tech E&O Cost?

For a solo developer or IT consultant with under $250K in annual revenue, tech E&O typically runs $50-$120/month. SaaS startups and small dev shops pay $120-$400/month. MSPs and data processors pay $200-$800/month. Six drivers:

  • Annual revenue. Most carriers price tech E&O as a percentage of revenue (0.5%-2.0% annually).
  • Coverage limit. Standard for solo developers is $1M; enterprise contracts typically require $2M-$5M. Going from $1M to $5M usually adds 50-100%.
  • Client size + contract value. Enterprise clients (Fortune 1000) drive required limits up. A $100K+ MSA usually demands $2M+ E&O.
  • Cyber exposure. Companies handling PII, PHI, or payment data pay 2-5x what code-only consultants pay. Per-record pricing is common above 10K customer records.
  • Industry vertical. Healthcare-adjacent tech, fintech, and ed-tech pay more due to regulatory exposure. Generic SaaS pays less.
  • Claims history. One paid E&O claim in 5 years typically adds 25-40% at renewal.

Tech E&O Coverage Types Every SaaS Should Carry

The standard modern tech stack:

  • Errors & omissions. Covers software bugs, missed deadlines, integration failures, SLA breaches, and other claims of professional negligence. The cornerstone.
  • Cyber liability. Covers data breaches, ransomware response, regulatory fines (CCPA, GDPR, state notification laws), and business interruption during incident response. Modern tech E&O policies bundle this.
  • Contractual liability. Covers claims under master service agreements and statements of work. Important for any consultant working with enterprise customers.
  • General liability. Third-party injuries, property damage, and advertising-injury claims. Required for office spaces and client meetings.
  • Intellectual property defense. Optional endorsement covering claims of copyright, trademark, or patent infringement in your products. Critical for any SaaS shipping at scale.
  • Open-source / AI-generated code. Modern endorsements covering liability from open-source components and AI-assisted code generation. Confirm with your carrier if you ship code from Copilot, Cursor, or other AI tools.

Frequently Asked Questions

What is technology E&O insurance?

Tech E&O is a specialty professional liability policy built for technology businesses — SaaS, IT consultants, software developers, MSPs, and data processors. It covers claims that your technology product or service caused a client financial loss, including software bugs, outages, missed deadlines, integration failures, and contractual disputes. Most modern policies bundle E&O with cyber liability since the risks overlap heavily.

How is tech E&O different from regular E&O?

Regular E&O is built for advice-based professionals (consultants, lawyers, accountants). Tech E&O is built around technology products and services — it includes specific coverage for software defects, system failures, integration issues, and SaaS service-level agreement (SLA) breaches. Most regular E&O policies exclude technology services or sub-limit them.

How much does tech E&O cost?

For a solo developer or IT consultant under $250K in revenue, expect $50-$120/month. SaaS startups and small dev shops pay $120-$400/month. MSPs and data processors pay $200-$800/month. Pricing scales with revenue, client size (enterprise clients drive required limits up), and cyber exposure (more data = more premium).

Do SaaS companies need tech E&O?

Yes — and most enterprise customers will require proof of $1M-$5M tech E&O + cyber before signing. SaaS-specific risks include SLA breaches, downtime claims, data corruption, and bugs that cause customer revenue loss. Standard general liability and homeowners business riders specifically exclude these claims.

Is cyber liability automatically included?

Modern tech E&O policies from Hartford, Hiscox, Chubb, and Travelers bundle cyber liability with E&O by default. Older policies or generic professional liability policies often exclude cyber. Confirm "cyber liability" is explicitly named in your policy schedule before binding.

What about open-source code or AI-generated code?

Most tech E&O policies cover liability arising from open-source components and AI-generated code embedded in your deliverables. However, copyright/IP infringement claims from open-source license violations (e.g., shipping GPL-licensed code in a closed-source product) may require a specific endorsement. Confirm with your carrier if you ship AI-assisted code at scale.

Is Simply Insurance a broker or a carrier?

We're a licensed independent broker. We compare quotes from top tech carriers (Hartford, Hiscox, Chubb, Travelers) to find your best fit — at no cost to you.

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Coverage for software companies, IT consultants, SaaS startups, and data processing firms. Protect against E&O claims, cyber risks, and contractual disputes.

Get My Tech E&O Quote
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