What Are the Key Differences Between Relm Insurance and TechInsurance Tech E&O Insurance?
Separate E&O and Cyber vs a Two-Policy Bundle
Relm lists Technology E&O separately from cyber and says having one doesn’t protect you from the other’s exposures. TechInsurance sells E&O and cyber liability together as two policies built for IT and technology companies, including software developers, MSPs, SaaS companies, IT consultants, app developers, data centers and cybersecurity firms. Choose Relm if you’re a fintech needing cover for blockchain and regulatory risk; choose TechInsurance if you’re a small IT firm that wants E&O and cyber together at a published price point. [6] [7]
A Fintech Product vs an IP Add-On
Relm offers a distinct Fintech E&O product for blockchain vulnerabilities and heightened regulatory scrutiny. TechInsurance says its standard bundle doesn’t cover intellectual-property or copyright disputes unless you add them. Each flags a different gap: fintech-specific wording at Relm, IP at TechInsurance. [6] [7]
Published Price and Claim List vs Claim Examples Only
TechInsurance reports a median of about $67 a month, roughly $807 a year, and says the E&O half covers errors, undelivered services, missed deadlines, budget overruns and breach of contract. Relm describes inadequate service delivery, contract failures, system failures or software glitches, and negligent advice, but publishes no price. [7] [6]
What Should You Confirm in Relm Insurance and TechInsurance Tech E&O Insurance Quotes?
- Ask whether TechInsurance is quoting both policies, and whether Relm is quoting standard Tech E&O, Fintech E&O or either with cyber. [7] [6]
- Get the insurer’s name from both; neither publishes it. [7] [6]
- Get IP and copyright treatment in writing on both forms. [7] [6]
- Treat TechInsurance’s $67 median as a benchmark, not your price. [7]