computer software design errors and omissions
Provides professional liability coverage for computer software designers,
analysts, and consultants to cover errors in programs or in systems design.
This coverage is often written as part of a package policy arranged for computer
firms. The policies, which are provided on a claims-made basis, cover financial
losses that result from an insured's negligence. For example, coverage would
apply if a software designer's e-commerce program contained a security glitch
that allowed hackers to purchase goods with expired credit cards.
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PLI XIX.C