Evolve MGA

Say hello to Juan Leal, one of our standout Production Underwriters based in Texas!

🎧 Today Juan's listening to "My Way" by Frank Sinatra.

In just two years with Evolve, Juan has built strong connections across the country. You’ve probably seen him out on the road meeting with brokers and partners. When he’s not traveling, you can find him recharging with a barefoot walk on the grass or enjoying his go-to Domino’s order.

Juan’s way? Building relationships, closing deals, and having a little fun along the journey. So great to have you on our team Juan!

Happy Monday brokers. Real-world scenarios show just how important Technology Errors & Omissions (E&O) coverage can be. Here’s another example of how Tech E&O can respond when things don’t go as planned:

👩‍💻 Your Client: Mid-sized IT consultancy specializing in cloud migrations

⚠️ The Issue: Data loss during migration
While migrating a healthcare provider’s patient records to a new cloud platform, a system error caused the corruption of thousands of files. Critical medical histories were rendered inaccessible, disrupting operations and patient care.

📁 Claim Details
The healthcare provider alleged negligence and breach of professional duty, filing a claim for costs tied to data recovery, regulatory compliance fines, and reputational harm.

☂️ E&O Insurance Response
The consultancy’s Technology E&O policy responded by covering defense costs, settlement expenses, and third-party forensic specialists brought in to recover lost data and mitigate compliance penalties.

🧠 Key Takeaways
Tech E&O insurance helps protect IT consultants and service providers from the financial fallout of errors that cause client data loss or system disruptions. Beyond legal defense, coverage can extend to remediation efforts and regulatory challenges.

*Illustrative purposes only. For coverage details, please refer to the policy(ies) for actual language.*

Want a quote? More detailed claim examples with costs? Email us at [email protected]