As a business owner of a tech company, your main goal is to protect your company’s assets. Therefore, it is imperative that you have the appropriate insurance policies in place.
Your Errors & Omissions insurance coverage will protect you from a variety of things, including infringement on copyright and trademark, any attempts to make networks or machines run improperly, any losses that result from hacker activity, accidentally released private information or data, and accidentally allowing a malicious code to enter your database.
In the coverage options listed above, did you notice the words “breach of contract” mentioned? Did you know that your errors and omissions insurance coverage will not cover the leading cause of business insurance claims?
In order to make sure that your business is adequately protected from breach of contract claims, you will need to contact your insurance provider to guarantee that you have this coverage. The last thing you want is to find out that you have lack of coverage after someone sues your company.
We can answer any remaining questions you may have regarding insuring your business to the fullest. Contact Phocus Companies for all of your Phoenix, Arizona business insurance needs.
