Appetite and coverage
We’ve got you covered
Smart Tech E&O® offers comprehensive coverage for businesses earning up to $2B in gross annual revenue, with limits up to $5M. *Primary and Excess policies available on Travelers A++ paper.
Up to $5M in limits
Up to $2B in revenue
Third-party coverage
Network security and privacy liability
Regulatory investigations, fines, and penalties
Media liability
PCI DSS assessment expenses
Technology and professional services E&O
First-party coverage
Business interruption
Contingent business interruption
Digital asset destruction, data retrieval, and system restoration
System failure
Cyber extortion and ransomware
Breach response and remediation expenses
Social engineering and cyber crime
Reputational loss
Additional coverage
Bricking coverage
Invoice manipulation
Forensic accounting coverage
Bodily injury
Criminal reward coverage
Preventative shutdown
Available for most technology service companies, including:
IT consultants
Data analytics
IT staffing firms
Telecommunication service providers and consultants
E-cycling and shredding
Software developers
Digital advertising agencies
Web design and hosting
Technology hardware developers
Software-as-a-Service (SaaS)
Value added resellers
Coverage is provided by a U.S. based Travelers surplus lines insurance company on a nonadmitted basis and the information contained herein is provided for informational purposes only. It is not an offer to sell or a solicitation of an offer to purchase any insurance policy in any state. No insurance product is offered or will be sold in any state in which such offer or solicitation would be unlawful under the laws of such state. Travelers is not licensed nor directly solicits insurance in any state where its surplus lines products may be purchased pursuant to applicable surplus lines laws. Insurance policies provided by surplus lines insurers are not protected by state guaranty funds. Surplus lines insurers are not subject to all of the same insurance regulatory standards applicable to licensed insurance companies. Coverage is subject to the specific terms and conditions of the policy. This policy may only be accessed through a surplus lines licensee and may not be purchased directly through this website. Anyone interested in this policy should request a copy of the policy from a surplus lines licensee.
*Travelers Excess and Surplus Lines Company of America is an A++ (Superior) AM Best rated insurance company (Financial Size Category XV ($2 billion or more). Ratings are current as of June 2, 2025.
The Corvus Solution
Every Smart Tech E&O® policy includes:
Trusted cyber expertise
Cyber risks change constantly. We help businesses manage dynamic digital risk to protect what matters most.
Always-on threat protection
Our team of data scientists, actuaries, and threat intel specialists work together to identify the highest priority risks and alert brokers and businesses in real-time.
Unparalleled service
Our in-house team is available 24/7 to provide highly responsive, expert guidance and expedite recovery in the event of a claim.
Expand your coverage with excess
Built to safeguard businesses against today’s evolving cyber risks.
Reduce risk. Save on your policy.
Get rewarded for staying on top of your security. Complete the Security Questionnaire in your Risk Dashboard for up to 25% reduction on self-insured claim retention.*
*Questionnaire must be completed prior to the discovery of an incident. Subject to a maximum cap based on the program.
Resources
Resources for brokers
Smart Tech E&O® eBrochure
A one-page overview of Smart Tech E&O® appetite and coverage.
Smart Tech E&O® application
One, easy-to-complete application for Smart Tech E&O® insurance.
Smart Tech E&O® coverage form
An example Smart Tech E&O® insurance policy.
Frequently asked questions
A technology errors and omissions insurance policy, or Tech E&O insurance, is a vital safeguard for tech companies and professionals. It helps protect against financial losses stemming from insurance claims related to errors, omissions, or negligence in delivering technology services or products, as well as losses from cyber incidents.
Tech E&O (technology errors and omissions) is a kind of insurance designed for technology services and software companies. It includes a combination of cyber insurance coverage for cyber incidents and tailored E&O coverage to protect policyholders in the event of an error in the rendering of their services. Combining these two types of insurance coverage in one policy eliminates the possibility of finger-pointing between cyber insurance carriers because some events can trigger both a cyber claim and an E&O claim.
Our Smart Tech E&O® policy includes all coverage included in our Smart Cyber Insurance® policy plus Technology and Professional Services Liability coverage for losses as the result of an act, error, or omission in the rendering of your services or the failure of your products to perform as intended during business operations.
Corvus considers several factors when calculating premiums, including an organization’s score on our noninvasive IT security scan, the organization’s revenue, the quality of the organization’s cybersecurity controls protecting their computer systems, the limit requested, and the type of technology services being offered.
Premiums vary depending on the type and size of the business insured. Annual premiums for Smart Tech E&O® start at around $3,000.
Contact your commercial insurance broker (or cyber insurance broker if you have one) and ask them about Smart Tech E&O® coverage. Corvus’s offerings are available via select appointed agencies around the country, and help offer peace of mind for business owners. Our expert cyber underwriters work hand-in-hand with brokers to provide fast, accurate, and fully customized cyber insurance quotes and coverages.
The first step toward submitting an application with Corvus is to get appointed with us.
If you are already appointed to work with our team, you can either email us directly at [email protected] or reach out to your local Territory Manager to begin your submission.
Corvus territory managers:
Jim Lannon - Northeast
Assistant Vice President, Distribution
[email protected]
Allie Greenberger - Mid-West / Texas
Manager, Central National Accounts
[email protected]
Preston Way - West Coast
Territory Assistant Vice President
[email protected]
Christy Johnson - Southeast
Territory Assistant Vice President
[email protected]
Your Tech E&O insurance provider is an important partner in mitigating security breaches and other forms of cyber attacks. Every Corvus policy includes access to Travelers Cyber Risk Prevention Services, the only cyber risk mitigation solution proven to reduce risk. Policyholders engaged with Cyber Risk Services have experienced up to a 20% reduction in the frequency and cost of cyber breaches. Policyholders also gain access to unlimited consultations with cyber experts, real-time intelligence on emerging threats, and easy-to-use tools to manage security risks.
Here are a few detailed technology errors and omissions insurance claims examples:
- An HR software provider with thousands of small business customers discovers a bug in their software that caused errors in calculations pertaining to accounting and pay records. A number of affected customers sued for the failure, seeking reimbursement for the software usage fees as well as for the costs to remediate the errors. In this case, technology products coverage would be triggered and handled by the cyber insurance provider.
- An app developer was hired by a client to build a mobile app to better serve the client’s customers. The client noticed that download activity was much lower than expected; then complaints began to come in from customers who were getting an error message when trying to sign up for the app. Thousands of users were not able to sign up and the client sued for lost revenues. The app developer’s Tech E&O policy would cover the costs of this claim.