Professional Liability
This coverage protects a business from claims made by customers for failure to provide services as outlined in a Service Contract, Master Service Agreement or any other binding agreement.
Coverage can be extended to address the following potential exposures:
- Allegations of an Errors or Omissions or Negligent Acts.
- Breach of warranties or representation.
- Allegations of copyright infringement of content including software code.
- Failure of network security and resulting data privacy claims.
- Development problems that lead to delays.
- Third party loss of use claims arising from a product recall or withdrawal.
This type of policy will also cover defense costs, expenses and settlements as specified in the policy.