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XL Insurance Unveils New E&O Offering

November 12, 2008

New York — XL Insurance, the global insurance operation of Bermuda-based XL Capital Ltd, unveiled a new product, XL Tech, an errors & omissions (E&O) policy for technology products and service providers.

The company says the product is tailored to protect companies in the technology sector from E&O claims.

"While all service providers can face potential E&O claims, E&O risks vary by industry," says David Molitano, XL Insurance's Technology E&O manager. "Technology companies therefore benefit from specialized professional liability coverage, like XL Tech, that is tailored to address their industry-specific risks and delivered by underwriters and claims professionals who have an in-depth understanding of tech risks and how to manage them. The coverage is extensive by our industry standards and is designed for all kinds of technology providers—from data processing companies to Internet service providers, from software developers to records management firms, from medical software companies to Web page designers."

Source: XL Insurance

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