What Are the Key Differences Between Chubb and TechInsurance Tech E&O Insurance?
Copyright Included vs Copyright as an Add-On
Chubb underwrites DigiTech ERM as one policy combining tech E&O with media and cyber, and says it adds software copyright infringement. TechInsurance sells two policies together, E&O and cyber liability, for IT and tech companies, and says IP or copyright disputes are usually not included and must be added. Choose Chubb if copyright claims are a real risk for your product; choose TechInsurance if you are a small IT firm that wants a quick, low-cost bundle and can add IP if needed. [2] [9]
Published Price vs Agent Quote
TechInsurance says policyholders pay a median of $67 a month, about $807 a year, depending on profession, limits, access to personal data and claims history. Chubb publishes no price or DigiTech limits; you get both from an agent quoting through Chubb's Cyber Central or Marketplace. [9] [2] [5]
What Should You Confirm in Chubb and TechInsurance Tech E&O Insurance Quotes?
- Ask TechInsurance whether IP or copyright is endorsed onto your bundle, and the cost. [9]
- Ask your agent to confirm software copyright cover on the DigiTech form. [2]
- Ask TechInsurance which insurer issues the policies, and get actual limits from both. [9] [2]
- Treat the $67 median as a benchmark, not your price. [9]