MicroPro Office Package for Technology Professional

 

 

The MicroPro Professional Office Package is designed for small firms with up to three professionals and up to $500,000 in revenue. It provides both a professional liability and a business owner's package option under one policy with separate limits for each coverage.

Ineligible Technology Professional MicroPro Office Package

Please note we cannot offer coverage to the following:

  • Architect/Engineer

  • Funeral director

  • Construction manager

  • Mortgage broker

  • Attorney

  • Investment banker/stockbroker

  • Escrow agent

  • Third party administrator

  • Environmental consultant

  • Payroll processor

  • Freight forwarder

  • Trustee

  • Franchisor

  • Attest and financial audit service

  • Home inspector

Available Coverage for Technology Professional MicroPro Office Package

  • Defense costs coverage provided outside the limit of liability

  • $0 professional liability deductible

  • Personal injury coverage

  • Option to purchase full prior acts for most first time buyers

  • Available both as monoline errors and omissions coverage as well as a package that includes general liability and business personal property

  • ProSecurity+ Endorsement including coverage for malicious code, unauthorized access and reputation restoration expense as well as Lifetime Occurrence Reporting Provision for individual insureds and coverage for pro bono services

  • Worldwide coverage for wrongful acts subject to the claim being made within the U.S.

Coverage Limits Available for Technology Professional MicroPro Office Package

  • Errors and omissions up to $5,000,000

  • Businessowners package:

  • General liability with a $1,000,000 limit/$2,000,000 aggregate and personal property up to                                                                                           $250,000 in total insured value

  

 

 

 

Claim Example for Technology Professional MicroPro Office Package

Errors & Omissions: Website Developer, LLC is hired to design a fully functional interactive website for a communication company. After 6 months, the developer fails to deliver the website as promised in their contract and the company must hire another developer to finish the website. The communication company sues and claims damages of $3,000,000 which includes the increased cost to complete the website, lost profits because of the delay in the delivery and the market value of the website. Website Developer, LLC argues that the only damages sustained by the plaintiff were limited to the fees paid for the work on the website which was approximately $650,000. Discovery shows that our insured did, in fact, fail to deliver a fully functional website and they sustained damages because of his negligence. The jury renders a verdict for the communications company in the amount over $1,000,000.

Defense Costs: A high school hires Software Programmer, Inc. to design a program used to track student progress. The high school alleges Software Developer, Inc. failed to deliver all aspects of the program promised in the contract and files suit against them for breach of contract on the design of a software program delivered. Discovery was initiated in order to determine what the software programmer promised and what was delivered to the client. The suit was very technical; experts had to be brought in along with many depositions and a thorough review of records. The claim settled for $200.000. The defense costs incurred in the suit were almost $900,000, which is a total incurred cost of over $1,000,000.

Personal Injury: Internet Presence Corp. is contracted by the state government to develop and implement a website for all of the state parks. During the creation process the take their own photographs to use, which includes people throughout the park system enjoying the parks and the various practices they have to offer. In addition, Internet Presence casually interviews the employees of the parks, and posts biographies of each person they spoke to.People in the pictures taken become upset at seeing their images and the images of their children being used without their consent and file suit for invasion of privacy.Employees were also not pleased with the final portrayal of their role in the park system, and file suit for libel and defamation

You must be an appointed USASIA Insurance Services retailer to use these programs. Quotes obtained via these programs will only be bound IF you are a previously appointed retailer with USASIA. PRIOR TO BINDING, check with your branch to determine any and all applicable taxes and fees. If you need additional pricing considerations on any web quote received via these programs or if your submission is declined, please call your USASIA representative.

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