Russell Bond & Co., Inc. July 2017  
Preferred Package including Property,
General Liability and Technology Errors & Omissions
Why do your Technology clients need Errors & Omissions?
  • They are viewed as experts in their field and their clients rely on that expertise
  • Many Package and General Liability policies will exclude professional services
  • They can be sued for a Wrongful Act in providing professional services, which can be the result of an act, error or omission
  • Programming errors, improper selection or configuration of networks / systems, failure to maintain and failure to meet the requirements of a contract (ie, timeliness and / content)
Technology Professional
Image courtesy of twobee at
  • Failure to prevent unauthorized access ("hacking") and unintentional introduction of malicious code ("virus")
  • Data Breaches are becoming an all to common occurrence.  Personally Identifiable Information, for both employees and clients, are susceptible to hackers
  • Libel, slander, defamation and invasion of privacy can be addressed with Personal Injury coverage
Limits available:
  • Errors & Omissions: $5,000,000 / $5,000,000
  • Business Personal Property: $250,000
  • General Liability: $1,000,000 / $3,000,000
Target classes include:
  • Applications Developer
  • Social Media Consultant
  • Network Engineer
  • Software Developer
  • Project Manager
  • Game Developer
Errors & Omissions: A website developer is hired to design a fully functional, interactive website for a communication company.  After six months, the developer fails to deliver the website as promised in their contract and the company must hire another developer to finish the website.  The communication company sues and claims damages of $3,000,000 which includes the increased cost to complete the website, lost profits because of the delay in the delivery and the market value of the website.   The developer argued that the only damages sustained by the plaintiff were limited to the fees paid for the work on the website which were approximately $650,000.  Discovery shows that the developer did fail to deliver a fully functional website and the communication company sustained damages because of the negligence.  The jury renders a verdict for the communications company in the amount over $1,000,000.

Bodily Injury Arising out of Professional Services:  A network installer is setting up a network for their client. One of their employees is hooking up a cable in the client’s cafeteria.  The employee’s phone rings and he walks outside to answer.  When the employee returns, one of the client’s employees has tripped over the cable and has injured their shoulder.  Surgery follows and the employee is out of work for eight months.  The employee sues the installer for negligence and seeks damages for bodily injury and lost wages.
Call us for more information:  800-333-7226
Tonya Hollederer Joanna Brancaleoni Ed Chadwick Jackie Oddo
Tonya Hollederer, ext. 133
Team Leader

Joanna Brancaleoni, ext. 121
Ed Chadwick, ext. 261
Jackie Oddo, ext. 161
Click here for application  Click here for application
A Wholesale Insurance Broker Unlike Any Other TM
67 Years
1950 - 2017
866 Ellicott Square Bldg.  |  295 Main Street  |  Buffalo  |  NY  |  14203
1670 Whitehorse - Hamilton Square Road  |  Hamilton  |  NJ  |  08690
Hampton Ponds Plaza # 12 |  1029 North Road  |  Westfield  |  MA  |  01085
800.333.7226  |  |  Fax: 800.677.6779
Trusted since 1950