Technology E&O Insurance Insurance: Average Premiums & Pricing Factors
Quick Answer
How much does Technology E&O Insurance cost? Average premiums by business size, industry, and state — plus the key factors that drive your rate up or down.
Comprehensive FAQ, cost guide, and claims examples for technology errors and omissions insurance — coverage for IT companies and tech firms.
What You Need to Know
Technology E&O insurance covers professional liability, cyber risks, and software errors for IT companies, tech firms, and software developers.
Technology E&O Insurance Cost by Business Size
| Business Size | Annual Revenue | Typical Premium | Notes |
|---|---|---|---|
| Individual Developer | Under $100K | $1,000–$3,000/yr | Basic E&O coverage. |
| Tech Firm | $5M+ | $15,000–$50,000/yr | Comprehensive E&O with cyber coverage. |
What Determines Your Premium?
- Service Type (High impact) — Custom software development has higher risk than IT support.
- Client Size (High impact) — Serving large enterprise clients increases potential claim severity.