Errors and omissions

Self-driving Uber Crash Points to Risks in Autonomous Vehicle Technology

Autonomous vehicles (AV) are changing the way the world drives. Yet this emerging industry is also changing how technology companies think about limiting liabilities in case their products do not work as intended. In the aftermath of the death of a pedestrian struck by an Uber self-driving vehicle on March 18 in Arizona, the future…

The Rise in Mobile Apps & Need for Tech E&O Insurance

Technology firms are beginning to silently carry the small business sector as 62 percent of small businesses already have, or are in the process of building, a mobile application to support their business. Of those businesses, 30 percent have revenue generating mobile applications or apps.1  With approximately two-thirds of the country’s small businesses depending on…

Rise of the Gig Economy Increases Need for Miscellaneous Errors & Omissions Insurance

Forty-three percent of the workforce in the United States is expected to be made up of freelancers by the year 2020, as compared to just 6 percent nearly 30 years ago.1 The rise of what is described “the gig economy” is driven by business professionals wanting greater autonomy outside of the 9-to-5 world. An increasing number…

Insurance Vulnerabilities in Building & Implementing New Software Programs

Software errors and omissions can cause millions of dollars in financial stress to a company. From tennis shoes to canceled flights, a simple mistake could mean the end for a business. For example, the software that ensured proper fulfillment of Air Jordan basketball shoes had a glitch that resulted in unequal distribution, costing Nike a…

Pokémon GO leaves some yelling Pokémon No!

3 insurance risks and insights associated with the fastest growing app in history Pokémon GO is the fastest downloaded mobile app of all time, and everyone is talking about it. Hitting number one on the app downloads chart in five hours, Pokémon GO now has more than 23 million people playing daily.1 Although more individuals…

A Business Essential: Technology Errors and Omissions Coverage

Companies providing software development and information technology services are living dangerously. The kind of standard, general liability insurance these companies possess often falls short of protecting them. Even the smallest coding error, such as a missing decimal point, could open them up to a variety of exposures. To be fully covered, what they really need…

New Risks Require a Surgical Approach to Healthcare

The last five years have meant rapid change for the healthcare industry: the Affordable Care Act (ACA) was signed into law in 2010; the Medicare Electronic Health Record (EHR) Incentive Programs, also known as meaningful use, were launched in 2011; and this fall, Medicare is changing requirements for how claims are coded. The changing environment…

Tech E&O

Technology Errors and Omissions

Exclusive Burns & Wilcox , Atain’s new Technology E&O product features a cyber liability option In today’s high-speed, tech-driven world, change is constant, competition tight and risk seemingly lurking around every cyber-corner. For professionals who do business in this high-stakes environment, the need for specialized, tech-oriented errors and omissions (E&O) coverage has never been greater….