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Vela Insurance Services, a Berkley Company, provides errors & omissions coverage for technology service providers and professionals. Vela's custom-tailored coverage is available to a broad range of technology professionals across the spectrum of American industry.
The expertise and quality of Vela's primary Professional Liability coverage is also available through our Excess Follow-Form offering. With Excess Limits of Liability available up to $5,000,000, Vela is able to quote and issue Excess Follow-Form policies on Technology E&O risks. Coverage is provided in accordance with the terms, conditions, and exclusions of the Followed Policy, thereby reducing administrative and coverage risks associated with traditional excess policies.
As a companion product to our Professional Liability offerings, Vela offers Data Compromise and CyberOne coverage, two distinct products, which are designed to help small and mid-sized businesses in the event of a loss from compromised data or a cyber-attack.
Vela's Data Compromise coverage helps your clients prepare for and respond quickly to data breaches. The Data Compromise coverage covers electronic and physical data that is lost, stolen or inadvertently exposed and will pay for:
Vela's CyberOne coverage meets the growing need for insureds to protect their data and computer systems by providing first- and third-party coverage. CyberOne assists in paying for:
To learn more about our CyberOne product, download our coverage information sheet.
Vela is able to provide General Liability coverage as a companion to our Technology Errors & Omissions coverage.
To learn more about Vela's coverage and capabilities, download our Technology Errors & Omissions sell sheet.
Excluded/Prohibited: Bulletin Boards, Blogs, Chat Rooms, Internet Retailer, Healthcare
Diagnosis/Monitoring/Treatment System Design, 911/Emergency Response System Design, Online
Casino/Gaming Operations, Social Networking Sites, System Design for Aircraft Applications
Products and services described above
are provided through various surplus lines insurance company
subsidiaries of W. R. Berkley Corporation and offered through licensed
surplus lines brokers. Not all products and services may be available in
all jurisdictions, and the coverage provided by an insurer is subject
to the actual terms and conditions of the policies issued. Surplus lines
insurance carriers do not generally participate in state guaranty funds
and insureds are therefore not protected by such funds. This material
does not amend, or otherwise affect, the provisions or coverages of any
insurance policy issued. It is not a representation that coverage does
or does not exist for any particular claim or loss under any such
policy. Coverage depends on the facts and circumstances involved in the
claim or loss, all applicable policy provisions and any applicable law.
Availability of coverage referenced in this document can depend on
underwriting qualifications and state regulations.
Vela Insurance Services conducts
business as Vela Insurance Services, LLC in California as a licensed
surplus lines broker (License Number 0C94218).