Professional, technology, multimedia, privacy and network security liability coverage in a single form.
Beazley’s MediaTech policy form is streamlined and comprehensive to cover technology and business services companies seamlessly in the event of a claim and includes errors & omissions (E&O) and media coverage.
We have helped our insureds through thousands of errors & omissions claims involving software failures, hardware defects, implementation errors and downtime, as well as intellectual property rights and personal injury disputes arising from media content.
Companies that undertake work for third parties in the technology sector and have exposure to professional liability, cyber risks and media liability:
Limits
On average we offer 15M€ limit with the possibility to increase it up to 25M€
E&O - Professional Liability
Media
Cyber coverage
Breach response costs
First-party
Third-party
eCrime
Worldwide
A software company developed a platform for a telecommunications company to analyze their customers’ broadband usage. The telecommunications company experienced an issue with the platform that led to the incorrect recording of the data usage. As a result, almost 100,000 customers had their broadband data usage incorrectly recorded. After the telecommunications company settled with a regulator to compensate the impacted subscribers, Beazley worked with the insured software company to retain expert defense counsel and resolve the matter.