What Are the Key Differences Between Amelia Risk and Beazley Tech E&O Insurance?
A Standalone Line vs a Bundled Small-Business Policy
Amelia Risk places Technology E&O as its own policy, separate from general liability and umbrella, through a four-step brokerage process. Beazley sells small-business tech E&O only inside MediaTech, one form that also includes professional E&O, media liability and cyber, placed through third-party platforms or by email. Choose Beazley if you want E&O, media and cyber on one small-business policy; choose Amelia Risk if you want Tech E&O on its own. [5] [3] [8]
Patent and Trade-Secret Exclusion vs a General Description
Beazley’s sample form covers tech product errors generally but excludes patent infringement and trade-secret misappropriation connected to your tech products. If an IP claim is a real risk for you, that gap matters. Amelia Risk describes Tech E&O as protection when a product or service fails and causes a client financial loss, without publishing exclusions. [7] [5]
Claims-Made With a Shrinking Limit vs Not Stated
Beazley’s sample MediaTech form is claims-made and reported (the claim must be made and reported during the policy period), defense costs reduce the limit, and you can buy an Optional Extension Period, or tail, to report claims after the policy ends. Amelia Risk doesn’t say how its placements are triggered. [7] [5]
What Should You Confirm in Amelia Risk and Beazley Tech E&O Insurance Quotes?
- Ask whether Beazley is quoting the full MediaTech bundle, and whether Amelia Risk is placing Tech E&O alone. [8] [3]
- Ask both about the reporting window and tail. [7]
- Check patent and trade-secret wording on both quotes. [7] [5]
- Ask Amelia Risk which insurer it proposes. Beazley’s application names Beazley Insurance Company, Inc., with the exact company confirmed on the quote. [5] [6]