The Navigators Group Inc. announced that Navigators Pro, a division of Navigators Management Company, has introduced the Tech InNAVation(sm) Information Technology Professional Liability policy for information technology services, software, Internet consulting, technology development and web design firms. Tech InNAVation(sm) provides coverage for technology firms and their partners, directors, officers, employees and independent contractors who are legally obligated to pay covered losses resulting from rendering or failing to perform their duties. A broad definition of Cyber and Technology Services includes system or network analysis, programming, consulting, marketing, designing, electronic and computer-based services. The policy is specifically designed for technology service providers with revenues up to $150,000,000. Limits of liability up to $10,000,000 are available for select insureds based upon underwriting evaluation. Tech InNAVation(sm) is underwritten by Navigators Insurance Company and Navigators Specialty Insurance Company, which are both rated "A" (Excellent) by A.M. Best. The Tech InNAVation(sm) policy is limited to eligible risks subject to Navigators' underwriting evaluation. Customers should consult their insurance broker for underwriting requirements and eligibility, and review the policy for actual coverage, limitations, restrictions, exclusions, terms and conditions.
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