Specifications:

Contacts:
Caren Shobe
(301) 961-9889
Caren.M.Shobe@Schinnerer.com

Jamie Armezzani
(301) 961-9846
Jamie.Armezzani@Schinnerer.com

Minimum premium: $950 for $1 million limits (small, low hazard risks)

Minimum deductible: $1,000; annual aggregate and per claim options are available

Limits: Up to $5 million

Maximum revenues: Admitted up to $10 million and non-admitted up to $50 million

Availability: Admitted in all states except FL, MA & NY. Non-Admitted in every state. We are in the process of filing in FL, MA & NY.

Target Risks or Classes: Network /Communication systems, Systems Design/Analysis, Systems Integration, Hardware/Component Design, Web design, Packaged Software, Tech Support, Installation of hardware and software, Consultants, LAN/WAN administration, ASP work, ISP work, Value Added Resellers, and Data Processing

Program Features:

• Personal injury coverage
• Coverage for failure to prevent unauthorized access to a customer’s system
• Coverage for failure to prevent the introduction of a computer virus or other malicious code
• Punitive damages covered where insurable
• Coverage for independent contractors that are contractually bound to have insurance
• Automatic coverage for acquired companies for 60 days
• Worldwide coverage for suites brought in the US
• Ability to match another carrier’s retroactive date with proof of prior coverage
• Duty to defend policy
• Per claim and annual aggregate deductible options
• Broad definitions of technology products and services – no manuscripting necessary

Optional coverage enhancements:

• Intellectual property infringement (including copyright, trademark, trade name and trade dress)
• Unauthorized access to or disclosure of personal confidential information
• Contingent bodily injury & property damages
• Defense in addition to the limits (up to $1 million)
• Worldwide coverage for suits brought anywhere in the world

Policy highlights in a printer-friendly format.