Insurance Office of America markTechnology Insurance Practice
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Technology risk and coverage review

A straight read on your program, before anything is sold

A complimentary review for software, AI, IT services, data, and hardware companies.

Portrait of Jeff Giacobello, CLCS, Commercial Property & Casualty Producer at Insurance Office of America

Jeff Giacobello, CLCS

Commercial Property & Casualty Producer

Insurance Office of America

You moved from break-fix to managed services, signed an enterprise MSA that asks for $5 million in E&O, and hired your first developer in another state. The policies renewed every year, and nobody checked whether they still fit. Tech programs rarely fail at renewal. They fail the first time a customer's procurement team or a claims adjuster reads the actual wording. This review does that reading first.

What I read

Most reviews stop at the certificate. This one reads the paper.

Your customer agreements

The insurance exhibit, the indemnity clause, and the liability cap, read against your E&O and cyber wording.

How E&O and cyber are built

Shared or separate limits, the retro date, defense costs, and the social engineering sublimit.

Classification and states

Whether GL and comp match today's work and every state you hire in.

Your cyber application

The controls underwriters will score at renewal.

Investors and board

Whether D&O is in place and sized for outside capital.

How the review works

  1. 1

    Map the operation

    A 30-minute call on what you sell and where your data and people sit.

  2. 2

    Read the paper

    Declarations, full E&O and cyber forms, and your toughest customer agreement.

  3. 3

    Benchmark it

    What a sound program looks like for your size and service mix.

  4. 4

    Walk through it

    A written findings summary, reviewed together. You decide what's next.

What you get back

A one-page findings summary

Each item is marked fits, thin, or gap, with the reason and the fix.

Coverage findings

SAMPLE
E&O vs. your MSA
What the paper says$2M, shared with cyber. The MSA requires $5M in E&O.
GAP
What it takes to fixA separate E&O limit or excess layer.
Retro date
What the paper saysFull prior acts back to 2019, continuous.
FITS
What it takes to fixKeep it intact if the account moves.
Social engineering
What the paper saysSublimit smaller than a typical vendor payment.
THIN
What it takes to fixRaise the sublimit and add a callback rule.
Employee states
What the paper saysStaff in four states. Two aren't on the comp policy.
GAP
What it takes to fixAdd them now, not after a claim.

Illustrative example. Your summary reflects your own program and your own contracts.

When to run it

90 to 120 days before renewal. Cyber applications ask for detailed controls, E&O markets read your contracts, and a carrier change has to carry the retro date over. Inside 30 days, you take what the incumbent offers.

What to have ready

  • Declarations pages for every line
  • Full E&O and cyber policy forms
  • Your toughest customer agreement, or just its insurance and indemnity sections
  • Your latest cyber application
  • Loss runs, if they're handy

Start with a 30-minute call

How your company runs, and whether the review is worth doing. No fee, and no expectation that you move anything.

We use this only to prepare for the call. We don't sell or share it.

A coverage analysis, not legal advice. Coverage is subject to each policy's terms, conditions, and exclusions.