Startup Coverage
Professional Liability / Errors & Omissions (E&O).
When your product or service fails to perform as contracted — a software outage, an inaccurate data output, a missed implementation deadline — a client can pursue a negligence or breach-of-contract claim. Professional Liability, called Tech E&O for software and SaaS firms, covers your defense costs and any resulting damages whether or not the claim has merit.
Professional Liability (E&O) Insurance for Technology Companies
When your product or service fails to perform as contracted — a software outage, an inaccurate data output, a missed implementation deadline — a client can pursue a negligence or breach-of-contract claim. Professional Liability, called Tech E&O for software and SaaS firms, covers your defense costs and any resulting damages whether or not the claim has merit.
How OnePark Risk Helps
OnePark Risk specializes in placing Tech E&O for SaaS platforms, data analytics firms, and professional services companies. We understand the underwriting triggers — unplanned downtime, data errors, SLA breaches, and scope disputes — and structure policy language to close the gaps that standard E&O forms leave open. We also negotiate retroactive dates and continuity provisions to protect work delivered before your current policy inception.
What Tech E&O Covers
- Negligent service delivery and failure-to-perform claims
- Software failure causing client financial loss
- Data inaccuracies in analytics or reporting platforms
- Missed SLA penalties triggering client litigation
- Breach-of-contract and scope-of-work disputes
- Defense of groundless but costly third-party claims