In today's digital age, businesses are increasingly reliant on technology, and with great technological advancements come unique vulnerabilities and exposures. As an insurance Managing General Agent (MGA), SWG understands the challenges faced by businesses and the need for robust insurance solutions tailored to their specific needs.
Here are some of the trending topics in IT/Technology Liability insurance that we would like to bring to your attention:
Cybersecurity Breaches: Cyberattacks and data breaches continue to make headlines, affecting businesses of all sizes and industries. Our IT/Technology Liability coverage provides financial protection against liabilities arising from unauthorized access, data breaches, and cyber extortion incidents, helping businesses recover from these threats swiftly and effectively.
Technology Errors and Omissions (Tech E&O): As technology companies develop innovative products and services, they face potential liability claims due to errors, omissions, or professional negligence. Our Tech E&O coverage offers comprehensive protection for technology-related professional services, ensuring that your clients are shielded from potential litigation and financial losses.
Intellectual Property Infringement: With the constant growth of intellectual property rights, businesses must be cautious not to infringe upon existing patents, trademarks, copyrights, or trade secrets. Our IT/Technology Liability policies cover defense costs and damages related to intellectual property infringement claims, giving your clients peace of mind in their innovation-driven endeavors.
Media Liability: The proliferation of digital media platforms and social networking sites has created new legal challenges. Our IT/Technology Liability coverage addresses liabilities arising from defamation, libel, slander, plagiarism, or copyright infringement related to online content or advertising campaigns, safeguarding your clients' reputations.