A Constellation of Resources for Wholesale Brokers
A Constellation of Resources for Wholesale Brokers
 
Rotating Employee Portrait
Christopher Barrow
A Constellation of Resources for Wholesale Brokers
 
Rotating Employee Portrait
Christopher Barrow

Technology E & O Insurance - Vela

Overview
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Coverage:

Technology Errors & Omissions Coverage


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.


Excess Liability:

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.


Data Compromise & CyberOne:

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:

  • Legal review and counsel
  • Forensic IT services to determine the extent of a breach
  • Notification of affected individuals, including customers, vendors, employees, and others
  • Personal services for affected individuals such as a help line, credit monitoring, and case managers for victims of identity theft
  • Defense and Liability costs for actions brought by affected individuals or State Attorneys General

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:

  • Data Restoration from electronic sources
  • Data Recreation from non-electronic sources
  • Systems Restoration
  • Business Income
  • Public Relations
  • Defense and Liability costs as a result of a negligent failure of the Insured's computer security

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.


Technology E & O - Preferred Appetite List


  • Application Service Provider
  • Computer / Technology Consulting
  • Data Warehousing
  • Disaster Recovery
  • Document Management
  • Electronic Data Processing
  • Enterprise Resource Planning
  • Equipment Evaluation/Selection
  • Graphic / Website Design
  • Hardware Evaluation
  • Hardware Installation/Maintenance
  • Hardware Repair
  • Internet Service Provider
  • Management Systems Consulting
  • Network Administrator
  • Network Analysis / Design
  • Network Engineering
  • Outsourcing Development / Design
  • Record Management / Retrieval
  • Software Design / Development
  • System Administration
  • Systems Integration
  • Technical Staffing
  • Training

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

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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).