Beazley vs TechInsurance: How Do They Compare for Professional Liability (E&O) Insurance?

TechInsurance reports a median E&O cost of $88 a month for IT, SaaS and consulting buyers on standalone policies. Beazley sells E&O bundled inside MediaTech with cyber and media.

TechInsurance publishes a company-reported median E&O premium of $88 a month for professions including insurance agents and real estate agents, while Beazley's MediaTech form narrows which professions its Professional Services trigger reaches and publishes no comparable pricing. ^4,³

What Are the Key Differences Between Beazley and TechInsurance Professional Liability (E&O) Insurance?

Which Professions the Trigger Actually Reaches

TechInsurance markets its standalone E&O policy to insurance agents and real estate agents, among other professional-services businesses. ⁴ Beazley's MediaTech sample form limits which professions its Professional Services definition actually reaches:

The sample form's definition of Professional Services excludes services performed as an accountant, architect, surveyor, health care provider, lawyer, insurance or real estate agent or broker, or civil or structural engineer, so those licensed professions are not covered by this professional E&O trigger. ³Company-reported. Sample policy form F00731, 022019 edition, Professional Services definition; a business in one of these excluded professions would need different coverage even if it buys MediaTech.

That definition leaves out both professions TechInsurance names, so a firm in either one would need to confirm coverage applies before relying on Beazley's bundled form.

When comparing Beazley and TechInsurance, use the stated fit categories to rule either provider in or out before spending time on an application.

Standalone Product Against a Bundled Small-Business Form

TechInsurance arranges E&O as its own policy, distinct from other coverage lines. ⁴ Beazley sells professional E&O only inside MediaTech, a single small-business form that also carries technology E&O, media liability and cyber coverage under one policy. ¹

What Each Publishes on Cost

TechInsurance publishes a company-reported median premium of $88 a month, or $1,051 a year, for its E&O policyholders, noting the exact price depends on profession risk, limits, deductible and claims history. ⁴ Beazley's reviewed MediaTech and application pages describe underwriting questions about revenue and contract terms but do not publish comparable pricing. ¹ ²

What Should You Confirm in Beazley and TechInsurance Professional Liability (E&O) Insurance Quotes?

Ask Beazley to confirm in writing whether your profession is inside or outside the MediaTech Professional Services definition. ³
Ask TechInsurance for an actual quote rather than relying on the published median, since price depends on your specific risk factors. ⁴
Get the issuing insurer from both; TechInsurance's reviewed page does not name one, and Beazley's application names an entity that still needs confirming on the declarations. ⁴ ²
Ask Beazley whether the professional-liability trigger shares its aggregate limit with the policy's media and cyber coverage. ³

Beazley vs TechInsurance Professional Liability (E&O) Compared

Beazley vs TechInsurance: Professional Liability (E&O) Insurance: documented features by provider

Criteria	Beazley MediaTech for Small Businesses	TechInsurance Errors and Omissions Insurance
Limits and Retentions	Coverage is claims-made and reported: it responds only to claims first made and reported during the policy period (or a purchased Optional Extension Period), and defense costs reduce the available limit. A buyer can purchase an Optional Extension Period (a tail) for additional premium after non-renewal or cancellation. ^3,²Company-reported. Sample policy form F00731; application form repeats the same notice; specific tail pricing and duration are set in the declarations, not disclosed publicly. Unless the declarations list a separate amount, each insuring agreement in the sample form (including the professional-liability trigger) shares the same Policy Aggregate Limit of Liability with the policy's media and cyber coverages rather than carrying its own dedicated limit. ³Company-reported. Sample policy form F00731, 022019 edition, Limit of Liability and Coverage section; actual sublimits depend on what is purchased and shown on the declarations.	TechInsurance says its E&O policyholders pay a median of $88 per month, or $1,051 a year, with the exact premium depending on location, profession risk level, coverage limits, deductible, employee count, claims history and annual income. ⁴Company-reported. Errors and omissions product page cost section; a company-reported median from TechInsurance's own book of business, not a published rate table.
Coverage Features	The sample MediaTech form covers a Tech & Professional Services Wrongful Act: a negligent act, error, omission, misstatement or unintentional breach of contract in rendering Professional Services, defined as services performed for others for a fee. ³Company-reported. Sample policy form F00731, 022019 edition, insuring agreements and definitions; the issued policy's wording and any endorsements control. The sample form's definition of Professional Services excludes services performed as an accountant, architect, surveyor, health care provider, lawyer, insurance or real estate agent or broker, or civil or structural engineer, so those licensed professions are not covered by this professional E&O trigger. ³Company-reported. Sample policy form F00731, 022019 edition, Professional Services definition; a business in one of these excluded professions would need different coverage even if it buys MediaTech.	TechInsurance says E&O insurance covers professional negligence claims, errors or incomplete work, breach of contract, missed deadlines, misrepresentation of skill level, and communication-related disputes, and pays legal defense costs and any resulting judgment or settlement. ⁴Company-reported. Errors and omissions product page; general policy description, not a specific policy form. TechInsurance says its E&O policies are claims-made, meaning coverage applies only if the policy was active both when the incident occurred and when the claim was filed, and recommends keeping the policy active or setting a retroactive date to cover past work. ⁴Company-reported. Errors and omissions product page, Why is it important to keep your E&O insurance policy active? section.
Role in This Line	Beazley sells professional errors and omissions coverage bundled inside MediaTech, a single small-business form that also includes technology E&O, media liability and cyber coverage. It is not sold as a standalone professional-liability policy for this segment. ¹Company-reported. US small-business MediaTech product page; does not address any larger-account professional liability program Beazley may write separately.	TechInsurance arranges errors and omissions (E&O) insurance, also called professional liability insurance, as a standalone policy for businesses that provide professional services or advice. ⁴Company-reported. Errors and omissions product page.
Claims Support	Beazley says its cyber and tech claims team, including experienced litigators, has handled thousands of E&O claims, which it describes as including implementation errors alongside software failures and IP disputes. ¹Company-reported. MediaTech product page claims paragraph; outcome and volume figures are Beazley's own description and not independently verified.	TechInsurance says that if a client threatens to sue, you contact your carrier directly, provide policy information and explain the circumstances, and the insurer's representative helps determine next steps. ⁴Company-reported. Errors and omissions product page, How does E&O insurance coverage work? section.