Brunswick Companies Offers New Technology Errors & Omissions Insurance Program

Brunswick Companies announces the addition of Technology Errors & Omissions Insurance to its extensive line of professional liability insurance products.

Fairlawn, OH (PRWEB) November 23, 2009 -- Brunswick Companies announced today that its Professional Liability Insurance Group is further expanding its product line to include Technology Errors & Omissions Insurance (also known as Technology Professional Liability Insurance). Technology E&O coverage provides protection if a client alleges that an insured was professionally negligent, failed to perform professional duties, or in the case of failure of work to perform as promised in a contract.

Brunswick Companies

Technology Errors & Omissions policies are recommended for many types of IT professionals, including application service providers, software developers, web site and graphic designers, network service providers, and web hosting services, said Michelle Hirsch, Vice President of Marketing and Business Development. Professional liability claims are not covered by General Liability policies.

A company's survival and the owners' personal financial security depend upon protecting themselves against the impact of a lawsuit.

"IT consultants and professionals have a profound impact on the business of their clients. Almost any firm or individual that improperly performs services can cause a client to suffer an economic loss - and mounting a defense is expensive. The impact of even a baseless claim can be devastating. The high cost of a legal defense could put many technology firms out of business. A company's survival and the owners' personal financial security depend upon protecting themselves against the impact of a lawsuit," said Hirsch.

What Does Technology E&O Coverage Include?

Technology Consulting Professional Liability Insurance coverage includes legal defense costs - no matter how baseless the allegations. It will pay for any resulting judgments against the technology professional, including court costs, up to the coverage limits on the policy.

This is particularly important for technology professionals because the IT industry is relatively new. Computer consulting and contracting law has few established precedents, and tort laws governing technology contracts continue to evolve. A Technology E&O policy protects techs from new legal threats.

Some technology clients may require that principals subcontractors carry Technology Errors & Omissions insurance. The right kind of Tech E&O policy can protect both the consulting firm and subcontractors from claims of a perceived error or omission, even if the problem occurs months after the initial consultation.

Brunswick Companies Specializes in Providing Cutting-Edge Professional Liability Solutions

Brunswick Companies is licensed in all 50 states and has a long history of providing professional liability solutions for professional groups. Hirsch stated, "For over 35 years, Brunswick Companies’ experienced team of professional insurance risk managers has been providing clients with the complete arsenal of the latest insurance and risk management solutions and services. This focus makes us uniquely qualified to assist our clients in evaluating their exposures and the level of protection required to meet their goals. We're writing firms all over the country and have an easy online application to start the process."

Brunswick Companies offers business insurance from a wide range of top-ranked insurers. All of the insurers represented have received ratings of A- (excellent) or better from A.M. Best Company. "The bottom line is, we want to work with technology professionals, hardware manufacturers and IT consultants as their trusted adviser to make their insurance purchase as easy as possible," said Hirsch. "Whether your business is a sole proprietorship or a corporation with global operations, Brunswick Companies can design an insurance program that fits the specific needs of your company."

Visit Brunswick Companies website to learn more about technology errors and omissions insurance.

To request additional information or request a quote, call Michelle Hirsch at 800-686-8080.

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