Any step taken to protect your business against liabilities resulting from breached or failed technology is a step in the right direction. However, a business must be sure not to confuse policies and assume coverage exists where it does not.
Two policies that are commonly mistaken for the other are technology errors and omissions insurance (tech E&O) and cyber and privacy insurance. Although both policies contain a number of the same insuring agreements, there are key differences.
For more information on these policies, please feel free to reach out to our cyber security coverage expert Brian Kilcoyne, CIC. He is reachable by phone at (617)612-6515, or by email at email@example.com.