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FailSafe GIGA amp TERA Countrywide bApplicationb - The Hartford

FailSafe GIGA amp TERA Countrywide bApplicationb - The Hartford 2025

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This document is an application for a Claims Made Policy, detailing the information required from the applicant, including their business details, financials, product/services descriptions, risk management practices, and any previous claims or legal issues. It outlines the responsibilities of both the applicant and the insurer regarding coverage limits, claims reporting, and fraud warnings.

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What is failsafe technology insurance?

Our Failsafe Technology Liability Product Suite addresses tech companys errors and omissions (EO) liability. Insuring your business with tech EO insurance, on top of your standard policies, provides you with 360 degrees of protection. Without EO insurance coverage, expect to pay claims out of pocket.

How much does EO insurance cost?

What do small businesses pay for errors and omissions insurance? On average, errors and omissions insurance costs $61 per month, or about $735 annually. Most policyholders can expect to pay between $50 and $100 per month for their errors and omissions insurance coverage.

What does technology liability cover?

Information and Communication Technology insurance is a combined policy designed specifically for the technology sector. The first section responds to claims brought by claimants alleging financial loss as a result of acts, errors or omissions arising from the provision of technology related services, advice or work.

What is the FailSafe policy?

Failsafe policies add resilience by detecting failures and handling them. Each policy determines which execution results or exceptions to consider as failures and how to handle them. By default, policies handle any Exception that is thrown.

What is FailSafe insurance?

FailSafe, The Hartfords suite of professional liability products for technology companies. Available in three increasingly powerful forms MEGA, GIGA, and TERA it meets the needs of virtually any size technology business.

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