What Are the Key Differences Between Alliance Risk and The Hartford Tech E&O Insurance?
One Insurer's Package vs a Specialist Broker
The Hartford writes FailSafe itself for software and IT firms (including federal IT contractors), hardware and electronics makers, and telecom providers. Alliance Risk places Tech E&O with specialist insurers it doesn't name, for SaaS, AI, IT consultants, MSPs, developers, analytics, staffing and help-desk firms. Choose The Hartford if you're a software, hardware or telecom company that wants security and media liability in the same policy; choose Alliance Risk if you're an AI, MSP or staffing firm that wants several insurers shopped. [2] [7]
What's Covered
FailSafe lists errors and omissions, security, data privacy and network security, personal injury, IP and media liability. Alliance Risk describes cover for failure to perform, errors in deliverables including AI outputs, unmet specifications, unintentional IP infringement, product failure and data loss from your own mistakes. If AI output errors are your main risk, Alliance Risk names them; if you also need privacy and security liability, FailSafe lists them. [2] [7]
Price vs Limits
The Hartford says Tech E&O typically costs about $500 to $1,000 per employee a year but publishes no limits. Alliance Risk publishes typical limits from $250,000/$500,000 to $2 million/$3 million-plus but no prices. [2] [7]