Marsh Mclennan Agency vs Techinsurance: Professional Liability / E&O Insurance

TechInsurance suits IT, software, cybersecurity and SaaS firms and cites a median E&O cost of $88 a month. Marsh McLennan Agency has organizations talk to an adviser about placement, including specialist lines for architects and lawyers.

Kearny Risk organizes these comparisons for firms whose advice, content or technology creates professional exposures.Research updated 2026-09-30

Marsh McLennan Agency names E&O, architects-and-engineers, and lawyers professional liability as distinct professional lines. TechInsurance describes E&O covering negligence, incomplete work, breach of contract, missed deadlines, and misrepresentation, with defense costs and resulting judgments or settlements.

Sources reviewed

  1. 01
    Professional Liability – US Direct Errors and Omissions Insurance

    Hiscox Inc. specimen · About this Policy / Coverage for Claims Made Against You; I.A Insuring Agreement; I.B Defense; I.C Settlement; II.A Notice of Claims; II.C Optional Extended Reporting Period; III.A, III.K, III.M, III.R, III.S Exclusions; IV.A–B Limits and Deductible; VI.O Professional Services; VI.U Wrongful Act · accessed 2026-09-16

  2. 02
    Professional liability insurance

    Insurance Information Institute · Opening paragraphs (professional services/advice and E&O name); Claims not covered by general liability; What types of businesses need professional liability insurance?; What’s covered… and what’s not (claims-made versus occurrence, defense and judgments, non-financial/intentional limits, BOP/in-home exclusion) · accessed 2026-09-16

  3. 03
    Executive and Professional Liability | MMA

    Marsh McLennan Agency · E&O, architects and engineers, and lawyers professional lines are named in the policy suite. · accessed 2026-09-30

  4. 04
    Errors & Omissions (E&O) Insurance

    TechInsurance · What does errors and omissions insurance cover? (professional negligence, errors or incomplete work, breach of contract, missed deadlines, misrepresentation, communication challenges); How much does E&O insurance cost?; Who should get errors and omissions insurance coverage?; How does E&O insurance coverage work? (claims-made) · accessed 2026-09-23

  5. 05
    FAQ: Professional liability insurance

    Texas Department of Insurance · What’s professional liability coverage?; What types of damages…; What’s general liability insurance?; Do I need professional liability… if I have general liability…?; Is professional liability insurance required?; Can a client require…?; What’s the difference between occurrence policies and claims-made policies · accessed 2026-09-16

  6. 06
    Get business insurance

    U.S. Small Business Administration · Six common types of business insurance table · accessed 2026-09-16

What Are the Key Differences Between Marsh McLennan Agency and TechInsurance Professional Liability (E&O) Insurance?

Which Professional Work Is Named

TechInsurance says its E&O policies are claims-made: the policy must be active when the incident happens and when the claim is filed. MMA’s overview does not state whether its professional lines are claims-made or occurrence-based, so buyers comparing older work need to establish the retroactive date and reporting options in each quote. [3] [4]

Placement Scope and Buying Route

TechInsurance gives a median premium of $88 per month and says price depends on profession, limits, deductible, staff, claims history, and income. MMA publishes no universal price or limit in the reviewed overview; compare actual premiums with the limits and retentions offered. [3] [4]

What Should You Confirm in Marsh McLennan Agency and TechInsurance Professional Liability (E&O) Insurance Quotes?

  • What retroactive date and extended reporting option does TechInsurance quote, and what events trigger coverage? [4]
  • What policy basis, retroactive date, limits, retentions, and premium would MMA propose? [3]

Areas of coverage

Marsh McLennan Agency

  • role: Marsh McLennan Agency describes arranging professional errors omissions for the audience stated on the cited product page. professional errors omissions marketed by marsh-mclennan-agency; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement.company-reportedSource ↗
  • eligibility: Organizations seeking professional liability placement; source does not imply all professions share one policy. professional errors omissions marketed by marsh-mclennan-agency; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement.company-reportedSource ↗
  • coverage: The cited product page describes E&O and named specialist professional lines, including architects and engineers and lawyers professional liability; the overview does not treat them as one form. Marketing description only; actual coverage, exclusions, conditions, limits, and availability depend on the issued policy and jurisdiction. professional errors omissions marketed by marsh-mclennan-agency; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement.company-reportedSource ↗
  • application: The page invites organizations to contact a Marsh McLennan Agency adviser or specialist to discuss placement. The page does not establish a quote, bind, or coverage-effective timeline. professional errors omissions marketed by marsh-mclennan-agency; scope is limited to the cited official product overview and described audience. This is not a policy form or a universal eligibility statement.company-reportedSource ↗
  • limits: The cited overview does not set a universal limit or retention for this line. Ask for the proposed policy form, limits, retentions, exclusions, and conditions in the quote. Only the cited marketing page was reviewed for published limit and retention information; no policy-form entitlement is inferred.not-disclosedSource ↗

TechInsurance

  • role: TechInsurance arranges errors and omissions (E&O) insurance, also called professional liability insurance, as a standalone policy for businesses that provide professional services or advice. Errors and omissions product page.company-reportedSource ↗
  • insurer: The reviewed page does not name the issuing insurer for an E&O policy. Errors and omissions product page as read on 2026-09-23.not-disclosedSource ↗
  • coverage: TechInsurance says E&O insurance covers professional negligence claims, errors or incomplete work, breach of contract, missed deadlines, misrepresentation of skill level, and communication-related disputes, and pays legal defense costs and any resulting judgment or settlement. Errors and omissions product page; general policy description, not a specific policy form.company-reportedSource ↗
  • coverage: TechInsurance says its E&O policies are claims-made, meaning coverage applies only if the policy was active both when the incident occurred and when the claim was filed, and recommends keeping the policy active or setting a retroactive date to cover past work. Errors and omissions product page, Why is it important to keep your E&O insurance policy active? section.company-reportedSource ↗
  • limits: TechInsurance says its E&O policyholders pay a median of $88 per month, or $1,051 a year, with the exact premium depending on location, profession risk level, coverage limits, deductible, employee count, claims history and annual income. Errors and omissions product page cost section; a company-reported median from TechInsurance's own book of business, not a published rate table.company-reportedSource ↗
  • eligibility: TechInsurance targets E&O at businesses that provide professional services or advice, naming IT and software professionals, cybersecurity and SaaS companies, insurance agents, real estate agents, tax preparers and consultants as example segments, and notes it is sometimes required by state law or licensing boards. Errors and omissions product page, Who should get errors and omissions insurance coverage? section.company-reportedSource ↗
  • claims: TechInsurance says that if a client threatens to sue, you contact your carrier directly, provide policy information and explain the circumstances, and the insurer's representative helps determine next steps. Errors and omissions product page, How does E&O insurance coverage work? section.company-reportedSource ↗

Ask Kearny Risk to help relate this comparison to your services and contracts.

Contact Kearny Risk