Introduction

Information and network technology companies are facing greater risks than ever before - especially when it comes to product and service performance, botched orders, payroll delays, foul-ups in the processing of records, losses of data, failures in delivery, all potentially caused by products or projects that have gone wrong. Getting what's wrong made right means huge expenses and business distractions to project owners, and they are increasingly turning to the courts for remedy. HDFC ERGO General Insurance's INT errors and omissions Liability insurance is specifically developed to meet the needs of information and network technology companies in today's litigious business climate. Errors and Omissions Liability (E&O) insurance provides essential protection to help protect a company's assets when standard General Liability insurance does not. Specifically, it can help protect a company against claims for financial injury that allege a product failed or the company failed to perform services, causing a loss of use of tangible or intangible property to others . Most E&O insurers offer a “one size fits all” approach. We believe that E&O insurance should fit a company's business needs and budget. HDFC ERGO General Insurance's INT Errors and Omissions offers scalable protection for companies large and small, with flexibility that allows companies to purchase the level of insurance that is right for them.

Security breach / Unauthorized Access by Others
Intellectual Property Infringement Risk
Privacy Violation Risk

HDFC ERGO General Insurance offers a full complement of additional insurance products, including commercial automobile, workers compensation, Directors & officers and crime

Consider the following scenarios: A communications company sues for lost revenue and expenses to recover billing files for wireless customers that were deleted by their software vendor who was updating the system. INT Errors and Omissions responds to the suit settlement of $750,000 plus defense costs of $150,000.

A personal computer Assembler issued by a group of consumers in a class action suit. The suit alleges that the company's equipment did not live up to advertised specifications. Citing issues such as lack of speed and poor Upgrade capability, they demand full refunds. INT Errors and Omissions responds to the suit settlement of $1,600,000.

Additional Information: For more information about Errors & Omissions insurance for information and network technology companies, call us on our toll-free number 1800-2-700-700 or write to us at care@hdfcergo.com