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Technology E&O - TechGuard®

Minimum Premium

In today’s increasingly digitized world, technology companies need an innovative insurance product that provides the broadest coverage for their complex and constantly evolving exposures.  NAS’ TechGuard® product is our most expansive tech policy to date and is designed to be the one stop shop for a tech company’s E&O insurance needs.  Furthermore, our program is backed by Lloyd’s of London — an A rated (excellent) company by AM Best — so you won’t have to worry about the protection being there when you need it the most.


Coverage Component Options Include:

  • Technology Errors & Omissions Insurance – Coverage for third party claims alleging a financial loss as a result of an error or omission committed by the insured in the provision of Technology Services. Featuring a broad open-ended definition of Technology Services.  Coverage for unintentional breach of contract is included.
  • Security & Privacy Liability – Includes coverage for both online and offline information, virus attacks, denial of service and failure to prevent transmission of malicious code.  Also extends coverage for defense costs and fines & penalties for violations of privacy regulations including but not limited to HIPAA, Red Flag Rules and the new Hi-Tech Act.
  • Multimedia Liability – Coverage for both online and offline media.  Includes claims alleging copyright/ trademark infringement, libel/slander, advertising, false advertising, plagiarism and personal injury. Coverage for unintentional breach of contract is included.
  • Privacy Breach Responses Costs, Notification Expenses, Breach Support and Credit Monitoring Expenses –  Includes all reasonable legal, public relations, advertising, IT forensic, call center, credit monitoring and postage expenses incurred by the insured for a privacy breach response.
  • BrandGuard® – Provides additional coverage to bridge a short-term drop in revenue as a result of negative press or customer notification resulting from a data breach.
  • Dependent Business Interruption (DBI) – Coverage offers reimbursement for lost revenue incurred as a result of a third party vendor’s system being down. 
  • Network Asset Protection – Coverage for all reasonable and necessary sums required to recover and/or replace data that is compromised, damaged, lost, erased or corrupted.  Coverage also includes business interruption and extra expense coverage for income loss as a result of the total or partial interruption of the insured’s computer system.  Includes coverage for cyber terrorism.
  • Cyber Extortion – Will pay extortion expenses and extortion monies as a direct result of a credible cyber extortion threat.

Michael Palotay
Chief Underwriting Officer
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Mike Karbassi
Vice President - Northeast Regional Underwriting Manager
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Ari Giller
AVP, Mid-West Regional Cyber Manager
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Jordan Rankell
AVP, West Coast Regional Manager
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Tina Porcelli Levine
Senior Underwriter - Southeast Region
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Policy Highlights:

  • Worldwide coverage – claims can be brought outside of the U.S.
  • Full Limits are available for Regulatory Defense of a privacy claim
  • Property Damage exclusion does not include electronic data
  • Final Adjudication language for Defense for allegations of fraud or intentional wrongdoing
  • Broad definition of technology services – “including but not limited to” language
  • Acts committed by rogue employees are covered, as are claims from employees against the insured for breach of privacy
  • Defense Outside the Limits and First Dollar Defense enhancements are now available
  • Unintentional Breach of Contract claims are covered for Technology E&O
  • Full prior acts coverage available
  • Extended Reporting Period is available up to 3 years, but additional coverage may be available upon request.
  • Enhanced BrandGuard® coverage
  • Dependent Business Interruption coverage offers reimbursement for lost revenue incurred as a result of a third party vendor’s system being down

Limits and Premium

Limits Available:

Up to $10,000,000 each claim/$10,000,000 aggregate

Minimum Premium: $1,500

Minimum Retention: $1,000 per claim


Eligible classes include, but are not limited to:

  • Application Service Providers
  • Technology Consulting
  • Tech Hardware Manufacturers
  • Telecommunication Services
  • Software Development
  • Network Design, Analysis & Testing
  • Web Hosting
  • Internet Service Providers
  • Tech Project Management
  • Online Marketing & Advertising
  • Data Processing & Management
  • Technology Staffing Companies

Now with BrandGuard



TechGuard Application


Techguard Cloud




Tech E&O Highlight Sheet