Home > Glossary

Computer Software Design Errors And Omissions

Computer Software Design Errors and Omissions

Definition

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.

Related Products

User ID: Subscriber Status:Free