Overview of the Program From Continental Risk
Continental Risk / Continental Marine Insurance Services offers a dedicated Tech, Media and Business Services Errors & Omissions (E&O) package designed for a wide spectrum of professional and technology firms. As an Excess & Surplus Lines broker, Continental Risk places flexible admitted and non-admitted forms that consolidate professional liability, technology errors & omissions, multimedia/advertising exposure, privacy and network security liability, and regulatory defense into a single paper. Limits are available up to $20,000,000 through various carrier partners.
Ideal Accounts and Appetite
- Software companies (SaaS, on-premise, packaged software)
- Systems integrators and technology consultancies
- Technology outsourcers and managed service providers
- Internet service providers and web/mobile app developers
- Combined hardware/software vendors and business service providers with technology components
This program is targeted at firms that deliver professional services, technology products, or digital content where a single, comprehensive E&O form reduces gaps between traditional professional liability, cyber, and media exposures.
Coverage Highlights and Advantages
- Technology E&O for products and professional services
- Third-party computer and network liability
- Data breach response costs: forensics, legal fees, notification, public relations and credit monitoring expenses
- Multimedia and advertising liability
- Regulatory defense and penalties coverage (where insurable)
- Flexible limits up to $20,000,000 and both admitted and non-admitted placement options
Packaging these coverages in a single form reduces overlapping exclusions and simplifies claims reporting for insureds that straddle professional liability, cyber, and media risk.
Underwriting Notes and Minimum Premiums
Underwriters look for companies with clear descriptions of services and delivery models, reasonable security controls for technology and data handling, and documented incident response plans. Prior claims or breaches do not automatically disqualify an account, but carriers will require details and remediation steps. The program supports both admitted and surplus placements depending on state availability and account characteristics.
Minimum premium: $500. Specific terms, attachments and final pricing will depend on class of business, revenue, loss history and coverage selections.
Territories and Availability
Available in: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, DC, WV, WI, WY. Admitted availability varies by state; some markets are admitted while others are bound on non-admitted paper.
Why Work With Continental Risk on This Business
- Market access: continental placement capability with various carriers and capacity up to $20M.
- Program design: a single hybrid form that addresses E&O, cyber breach response and media exposure—helpful for clients with overlapping risks.
- Flexibility: admitted or surplus lines placements based on state and client profile.
- Broker support: underwriting guidance tailored to technology and media classes to help speed submissions and bind decisions.
Example scenarios:
- You have a mid-market SaaS vendor seeking combined E&O and cyber limits after recent client contract requirements — this program can deliver a consolidated paper and higher limits to meet contractual obligations.
- A systems integrator that performs network installs and also offers managed services needs both third-party network liability and breach response coverage—this form reduces the need to stitch multiple policies together.
Frequently Asked Questions
What types of accounts are a good fit for Continental Risk’s Tech, Media and Business Services E&O package?
Firms that develop or deliver software, provide technology consulting/outsourcing, run internet services, or produce digital content and advertising are ideal. The program is designed for accounts that need combined E&O, cyber breach response and media liability in one form.
Are admitted forms available or is this surplus-only?
Both admitted and non-admitted forms are available depending on the state and carrier. Continental Risk can advise on admitted options where they exist and place surplus lines where necessary.
What limits and minimum premium should I expect?
Limits are available up to $20,000,000 through the program. The stated minimum premium is $500; final pricing is based on revenue, class, loss history and coverage selections.
Does the package include data breach response costs and regulatory penalties?
Yes. The form includes coverage for breach response expenses—such as forensics, legal, notification, PR and credit monitoring—and offers regulatory defense and penalties coverage where insurable under the applicable market.
What submission information will underwriters want?
Underwriters typically request a current application, description of services/products, revenue by activity, details of security controls and incident response plans, and any prior claims or breaches. Providing these up front speeds review and quote turnaround.
Need help placing an account? Connect with a market specialist.