Common use of Technology Errors and Omissions Clause in Contracts

Technology Errors and Omissions. Provider shall maintain coverage with limits of not less than One Million Dollars ($1,000,000) per occurrence and Two Million Dollars ($2,000,000) in the aggregate for errors and omissions in conjunction with professional services inclusive of assumption of contractual liability. This coverage must include Privacy/Network Coverage and security/privacy must not be excluded. The policy shall have a retroactive date effective with commencement of professional services and have an extended reporting period of not less than two (2) years following completion of such professional services. Subcontractors performing technical services for Provider must maintain limits of not less than One Million Dollars ($1,000,000) per occurrence with the same terms herein, if Provider is not providing coverage for its subcontractors.