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Products & Services:
Technology Services:
FAQ's
FREQUENTLY ASKED QUESTIONS:
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| Q: |
How soon can our company receive a quote and bind package and work comp
insurance? |
| A: |
Depending on the size and nature of your Technology business, a quote can
be prepared as quickly as 24 hours, or it may require as much as two weeks
time. Start-ups and Tech companies with less than $15 Million in Gross Sales
can usually receive same day or next day quotes for the package and work comp.
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| Q: |
How soon can we receive a quote for Directors & Officers and Employment
Practices Liability insurance? |
| A: |
As with the first question, this too depends on the size and nature of
your business. Private Technology companies can usually receive binding quotes
in 24 to 48 hours. For public companies, the process might take several days.
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| Q: |
Are all Technology Errors & Omissions insurance policies the same? |
| A: |
Absolutely not. There are several companies that offer this coverage, and
each has its own form(s). Depending on your business, a traditional E&O policy
might not cover your exposures in this area. For instance, if you are
delivering software or services over the Internet or another network, new
exposures are created that are typically not covered by a traditional policy.
Some exposures include unauthorized access, breach of security, intellectual
property and media liability.
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| Q: |
Where do we address issues such as unauthorized access, breach of
security, intellectual property and media liability? |
| A: |
Policies exist to cover these exposures, but more intense underwriting and
exposure analysis is necessary to provide coverage.
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