What Are the Key Differences Between Chubb and Travelers Tech E&O Insurance?
E&O on Its Own vs Always Bundled With Media and Cyber
Travelers writes tech E&O as one agreement you can select inside CyberRisk Tech, so you can buy E&O, cyber or both; you buy through an agent or Travelers representative. Chubb writes DigiTech ERM as one policy that always combines tech E&O with media and cyber, quoted through its Cyber Central or Marketplace platforms. Neither publishes E&O limits. Choose Travelers if you already have cyber elsewhere and want E&O only; choose Chubb if you want E&O, media and cyber from one insurer with broader tech terms. [11] [10] [2] [5]
Standard Error Cover vs Late-Delivery and Copyright Extras
Travelers says its tech E&O agreement covers allegations of errors, omissions or negligent acts, such as a customer claiming lost revenue from a software or service error. Chubb's DigiTech ERM adds third-party financial injury, a broadened technology-incident definition, software copyright infringement, product-recall loss of use and no exclusion for delays or failure to deliver. If your contracts carry delivery deadlines or you ship software others could claim infringes, Chubb's described terms go further. [11] [2]
Security Services Only With Cyber vs Included
Travelers' Cyber Risk Services, including a 24/7 dashboard and threat monitoring, come with the cyber cover, not the E&O agreement. DigiTech ERM policyholders get Chubb's response panel, hotline and Cyber Alert app as part of the combined policy. [10] [2]
What Should You Confirm in Chubb and Travelers Tech E&O Insurance Quotes?
- Ask Travelers which CyberRisk Tech agreements your quote includes. [10]
- Ask Travelers whether Cyber Risk Services apply if you buy E&O without cyber. [10]
- Get limits from both. [11] [2]
- Ask Travelers whether its form covers late delivery, software copyright and product recall as Chubb's does. [2] [11]