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HDFC General Insurance understands the risks facing companies that operate in an environment where innovation is a business imperative, not a lofty goal. Our technology specialists have helped companies build a portfolio of third-party liability solutions such as Errors & Omissions insurance and intellectual property insurance to help protect a company’s bottom line from the financial devastation of a lawsuit.
We insure a wide range of companies within the Information & Network Technology industry, ranging from hardware to software to service companies.
	IT and Telecommunications
	Equipment Manufacturing    Computer and peripheral equipment manufacturers    Computer equipment manufactures    Electronic components and accessories manufacturers    Integrated circuit manufactures    Network/hardware manufacturers
	Software Development - Designers, developers and producers of:
	Pre-packaged software    Operating systems    Networking Software    Databases    Application software and tools    Computer programming    Shrink-wrapped software
	Information Technology Services
	Data processors and system integrators    Data storage and retrieval services    Computer consultants and systems analysts    Computer maintenance and repair    IT outsourcing and facility managers    Value added resellers    Other computer-related services.
	Telecommunication Services -Voice data and video transmission services including:
	Internet Service providers    Application service providers    Web hosting, data centers and ancillary services    Wireless communication and messaging services    Network consulting and support services
	Errors & Omissions Liability Insurance
	Information and network technology companies are facing greater risks than ever before —especially when it comes to product and service performance. Botched orders…payroll delays…foul-ups in the processing of records…losses of data…failures in delivery…all potentially caused by products or projects that have gone wrong. Getting what's wrong made right means huge expenses and business distractions to project owners, and they are increasingly turning to the courts for remedy.
	HDFC General Insurance's INT errors and omissions liability insurance is specifically developed to meet the needs of information and network technology companies in today's litigious business climate. Errors and Omissions Liability (E&O) insurance provides essential protection to help protect a company’s assets when standard General Liability insurance does not. Specifically, it can help protect a company against claims for financial injury that allege a product failed or the company failed to perform services, causing a loss of use of tangible or intangible property to others.
	Most E&O insurers offer a “one size fits all” approach. We believe that E&O insurance should fit a company’s business needs and budget. HDFC General Insurance's INT Errors and Omissions offers scalable protection for companies large and small, with flexibility that allows companies to purchase the level of insurance that is right for them.
	Three levels of protection : Value, Standard and Premier
	Value — This product is just that — great value for the money. It helps protect a company in the event it becomes legally obligated to compensate customers for consequential damages they suffer after acceptance of the company’s product or service and arising out of the company’s error or omission.
	Standard — This product helps protect a company in the event it becomes legally obligated to compensate its customers for consequential damages suffered prior to and after acceptance of the company’s product or service and arising out of the company’s error or omission.
	Premier — This top-of-the-line product offers Standard level protection, plus protection against customer claims demanding the return of amounts they paid for technology products or services.
	Optional Coverages
	All three levels of protection can be further enhanced to provide insurance for the following cutting-edge exposures:
	Security Breach / Unauthorized Access by Others    Intellectual Property Infringement Risk    Privacy Violation Risk
	HDFC General Insurance offers a full complement of additional insurance products, including commercial automobile, workers compensation, directors & officers and crime
	Why does your company need INT Errors and Omissions? Consider the following scenarios:
	A communications company sues for lost revenue and expenses to recover billing files for wireless customers that were deleted by their software vendor who was updating the system. INT Errors and Omissions responds to the suit settlement of $750,000 plus defense costs of $150,000.
	A personal computer assembler is sued by a group of consumers in a class action suit. The suit alleges that the company's equipment did not live up to advertised specifications. Citing issues such as lack of speed and poor upgrade capability, they demand full refunds. INT Errors and Omissions responds to the suit settlement of $1,600,000.
	Additional Information
	For more information about Errors & Omissions insurance for information and network technology companies, call us on our toll-free number 1800-2-700-700 or write to us at care@hdfcergo.com
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