Common use of Technology Errors and Omissions Clause in Contracts

Technology Errors and Omissions. Contractor is required to maintain during the term of the Contract and as otherwise required herein, Technology Errors and Omissions Insurance. Said insurance shall be maintained in the following limits: 1. Consulting; 2. Data processing; 3. Programming; 4. System integration; 5. Hardware or software development; 6. Installation; 7. Distribution or maintenance; 8. Systems analysis or design; 9. Training; 10. Staffing or other support services; and 11. Manufactured, distributed, licensed, marketed or sold cloud computing services. The policy shall include coverage for third party fidelity including cyber theft. If the policy is written on a claims made basis, Contractor must include upon request an Endorsement providing proof that the policy provides the option to purchase an Extended Reporting Period (“tail coverage”) providing coverage for no less than one (1) year after work is completed in the event that coverage is cancelled or not renewed. This requirement applies to both primary and excess liability policies, as applicable.

Technology Errors and Omissions. Contractor is required to maintain during the term of the Contract and as otherwise required herein, Technology Errors and Omissions Insurance. Said insurance shall be maintained in the following limits: 1. Consulting; 2. Data processing; 3. Programming; 4. System integration; 5. Hardware or software development; 6. Installation; 7. Distribution or maintenance; 8. Systems analysis or design; 9. Training; 10. Staffing or other support services; and 11. Manufactured, distributed, licensed, marketed or sold cloud computing services. The policy shall include coverage for third party fidelity including cyber theft. If the policy is written on a claims made basis, Contractor must include upon request an Endorsement providing proof that the policy provides the option to purchase an Extended Reporting Period (“tail coverage”) providing coverage for no less than one one (1) year after work is completed in the event that coverage is cancelled or not renewed. This requirement applies to both primary and excess liability policies, as applicable.