Technology

Technology seems to change every day, and Professionals in tech fields have an ever-growing need to offer their customers up-to-date security and options so everyone’s data remains safe and systems work without disruption. If things go wrong, all eyes point to those that provided the solution, and those entities must be properly insured – for everyone’s benefit.

Online Quoted “MicroTek” E&O and Package

Product Features

  • Premiums as low as $995 for errors and omissions and a preferred package, providing the benefit of having these
  • coverages together with the same carrier
  • Policy includes coverage for:
    -   Personal injury
    -   Network security liability
    -   Privacy liability
  • Option available for intellectual property coverage or media coverage
  • Option available for privacy breach expense and regulatory defense up to $1,000,000
  • 50/50 hammer clause
  • Full prior acts may be available, even for first time buyers
  • Broad definition of covered services using “...including but not limited to...” wording
  • Coverage for bodily injury arising out of professional services
  • Hired and non-owned auto liability available
  • Property damage extension sub limit available for property in the insured’s care, custody or control
  • No E&O or liability deductible; property deductibles starting at $500

Available Limits

  • Errors and omissions up to $5,000,000 (Intellectual Property Limits max of $2,000,000)
  • General liability included at $1,000,000/$2,000,000
  • Business personal property up to $250,000
  • Business income included at $50,000
  • Hired and non-owned auto up to $1,000,000
  • Excess general liability/umbrella up to $5,000,000
Eligible Risks
  • New Ventures
  • Risks with revenues up to $1,000,000 and 7 professionals
  • Application service provider/software as a service/cloud provider
  • Software development/installation/sales
  • Consulting/Training/Project management/Staffing
  • Systems or network evaluation/design/cabling/support
  • Data or records storage, retrieval or back-up/database administration/hardware evaluation, selection and maintenance
  • Web design/development/hosting or search engine optimization

Most Common Ineligible Risks for Online-Quoted Product

  • Located in AK, HI, LA, or WV
  • More than 10 percent exposure to the following operations:
  • Equity trading, loan fulfillment, payment processors
  • Lottery, sweepstakes, gaming, online casino or other games of chance
  • Firmware or embedded software
  • Mechanical, electrical, chemical, civil or architectural design or engineering
  • Robotics or process control of industrial equipment including HVAC systems
  • Physical security system installation or monitoring (including but not limited to burglar/fire alarms and camera systems)
  • Global Positioning System (GPS), Geographic Information System (GIS), navigation systems development, maintenance or support
  • Aircraft, air-ground equipment, military defense and/or weaponry of any kind including classified information
  • Medical, dental or health care diagnosis, monitoring or treatment
  • Pharmaceutical formulation, production or prescriptions including clinical data
  • 911 or other emergency response and/or dispatch
  • Energy, power plant, utility
Many Other Markets Available

Risks that don’t qualify for online quoting can still find a home at Griffin through one of our other quality markets.

Quoting & Applications

Log in to obtain applications, additional info, or quote online.
*Coverage may not be available for all accounts or in all states
*Applications will apply to most markets but in certain circumstances additional applications may be needed
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