Information & Communication Technology

Professional liability (E&O)

Can protect against legal costs, settlements and judgments if a software or IT service fails a client through coding errors, negligence or missed expectations.

Can include professional error, cost of defense and settlements and court awards

Electronic equipment

Typically covers repair or replacement of computers, servers, telecommunications equipment and other electronics that suffer damage, theft or breakdown.

Can include direct damage, theft, equipment malfunction and lost data

Business interruption

Generally pays lost income and ongoing expenses, plus the cost of working around a covered disruption, such as a fire or equipment failure.

Can include lost earnings, ongoing expenses, added expenses and longer recovery period

Media liability

May respond when digital content or publishing activity draws a claim of defamation, copyright infringement or privacy invasion.

Can include defamation, infringement of copyright, privacy violations and cost of defense

Intellectual property

Can pay the legal defense of a software or technology company accused of infringing copyright, and damages if the claim succeeds.

Can include patent rights, trademark rights, copyright and trade secret rights

These guides describe types of insurance in general. The right coverage depends on your operations and the terms of the policy issued. Pasaca’s featured lines are cyber insurance, directors and officers (D&O) liability insurance, product liability insurance and aviation insurance.