What Are the Key Differences Between Gallagher and TechInsurance Tech E&O Insurance?
Two-Policy Bundle With a Price Benchmark vs a Broker-Placed Combined Policy
TechInsurance sells tech E&O as a bundle of two policies, errors and omissions plus cyber liability, built for IT and technology companies, and reports a median of $67 a month (about $807 a year) from its own book. Gallagher places one policy combining professional E&O with cyber liability from outside insurers, and publishes no prices or limits. Neither names the insurer. Choose TechInsurance if you're a small IT firm that wants a price benchmark before you quote; choose Gallagher if you want a broker to shop a single combined form for you. [3] [7]
Intellectual Property
TechInsurance says its standard bundle doesn't automatically include IP or copyright disputes, so you'd need to add them. Gallagher doesn't say how it treats IP. [7] [3]
How Each Describes Cyber
TechInsurance splits the cyber policy into first-party cover for your own systems and third-party cover for client systems you worked on. Gallagher names cyber perils like data breaches, ransomware and privacy violations without that split. [7] [3]
What Should You Confirm in Gallagher and TechInsurance Tech E&O Insurance Quotes?
- Ask TechInsurance whether IP is added and how the two policies' limits work together. [7]
- Ask Gallagher which insurer's form it's placing and whether IP is included. [3]
- Treat the $67 median as a benchmark, not your price; compare real quotes. [7] [3]
- Ask Gallagher whether its digital tools come with the Tech E&O placement. [3]