What Are the Key Differences Between At-Bay and CFC Tech E&O Insurance?
Standalone Tech E&O vs an E&O-Plus-Cyber Package
At-Bay writes Tech E&O as its own technology liability product, primary or excess. CFC's Technology product bundles errors and omissions, breach of contract, IP and media liability with cyber cover: network and privacy liability, business interruption, data recreation, extortion and social engineering. Choose At-Bay if you already have cyber or need a dedicated E&O limit or excess layer; choose CFC if you want E&O and cyber from one insurer in one package. [7] [9] [5]
What the $10 Million Limit Applies To
At-Bay writes Tech E&O limits up to $10 million. CFC's $10 million maximum covers errors and omissions, media and cyber together, so a cyber claim can use up limit you'd otherwise have for an E&O claim. [5] [7]
Contract and IP Terms
At-Bay expands breach-of-contract cover, has no exclusion for breach of warranties, guarantees or consequential damages, and extends IP infringement to trade-secret misappropriation. CFC covers financial loss, bodily injury or property damage from your products and services, plus breach of client contracts and copyright or trademark disputes. [5] [9]
Security and Incident-Response Services
Every At-Bay Tech E&O policy includes At-Bay Stance: vulnerability monitoring, vCISO advisory, tabletop exercises and awareness training. CFC gives you incident response at a $0 deductible on a limit separate from the main policy, plus an app for dark web monitoring, phishing simulations and network scanning. [5] [9]
What Should You Confirm in At-Bay and CFC Tech E&O Insurance Quotes?
- Ask CFC how much of its $10 million is available for E&O if a cyber claim hits first. [5] [7]
- Ask CFC whether trade-secret misappropriation and warranty claims are covered, as At-Bay's form states. [5] [9]
- Ask At-Bay whether incident response is included or needs a separate cyber policy. [5] [9]
- Ask both which insurer or Lloyd's syndicate issues your policy. [5] [8]