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

Marsh is a broker for specialized sectors such as banking and asset managers, with attorneys, economists and actuaries on staff. For IT, software, cybersecurity and SaaS firms, TechInsurance cites a median E&O cost of $88 a month.

TechInsurance reports a median E&O premium of $88 a month for the businesses it insures, while Marsh's professional liability practice places coverage for named enterprise industries and staffs attorneys, economists and actuaries to assess exposure. ^3,¹

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

Published Pricing Versus a Specialist Team

TechInsurance's page puts a number on the table that Marsh's pages don't:

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. ³Company-reported. Errors and omissions product page cost section; a company-reported median from TechInsurance's own book of business, not a published rate table.

That figure gives a buyer a starting benchmark before ever requesting a quote. Marsh's page instead describes staffing its professional liability practice with attorneys, economists and actuaries to assess a client's exposure, a consultative model rather than a published rate. ¹ For a buyer, that means TechInsurance sets an expectation up front while a Marsh quote depends on the specialist review.

When comparing Marsh and TechInsurance, use published pricing as a budget screen; the actual quote still decides the cost comparison.

Who Each Page Targets

TechInsurance names IT and software professionals, cybersecurity and SaaS companies, insurance agents, real estate agents, tax preparers and consultants, and notes coverage is sometimes required by state law or licensing boards. ³ Marsh instead names enterprise verticals: banking and broker/dealers, insurance companies and asset managers, venture capital, accountants, attorneys, architects and engineers, media and entertainment, technology, and healthcare and biotechnology. ¹

A small tech-adjacent business fits TechInsurance's named list more closely, while a company in one of Marsh's named verticals is the audience its specialists describe serving.

Explaining Claims-Made Coverage

TechInsurance's page explains that 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. ³ Marsh's professional liability page describes what the coverage protects against but the reviewed page does not walk through claims-made mechanics the way TechInsurance's does. ¹ A buyer comparing the two needs to ask Marsh directly whether its placement is claims-made or occurrence, since that page doesn't say.

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

Ask TechInsurance how its published median premium compares to a quote for your specific profession and claims history. ³
Ask Marsh which insurer it intends to place your policy with, since its pages don't name one. ¹
Confirm the retroactive date on any claims-made quote from either. ³ ¹
Neither reviewed page publishes coverage limits; get both in writing. ³ ¹

Marsh vs TechInsurance Professional Liability (E&O) Insurance Compared

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

Criteria	Marsh Professional Liability Insurance Brokerage	TechInsurance Errors and Omissions Insurance
Who It’s For	Marsh names specialized industries its professional liability experts serve, including banking and broker/dealers, insurance companies and asset managers, merchant banking and venture capital, accountants, attorneys, architects and engineers, media and entertainment, technology, and healthcare and biotechnology. ¹Company-reported. Marsh professional liability page, What We Offer section.	TechInsurance targets E&O at businesses that provide professional services or advice, naming IT and software professionals, cybersecurity and SaaS companies, insurance agents, real estate agents, tax preparers and consultants as example segments, and notes it is sometimes required by state law or licensing boards. ³Company-reported. Errors and omissions product page, Who should get errors and omissions insurance coverage? section.
Coverage Features	Marsh says professional liability coverage can protect a company against liability and defense costs from a claim alleging an error, omission or negligence in performing professional services, and that many policies also cover privacy violations and computer security breaches. ¹Company-reported. Marsh professional liability page opening description; illustrative policy description, not a specific policy form.	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. ³Company-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. ³Company-reported. Errors and omissions product page, Why is it important to keep your E&O insurance policy active? section.
Role in This Line	Marsh's financial and professional liability practice places professional liability (errors and omissions) insurance; MMA also places E&O coverage within its executive and professional liability practice for middle-market clients. ^1,²Company-reported. Marsh professional liability page and MMA executive and professional liability page.	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. ³Company-reported. Errors and omissions product page.

Criteria

Marsh Professional Liability Insurance Brokerage

TechInsurance Errors and Omissions Insurance

Who It’s For

Marsh names specialized industries its professional liability experts serve, including banking and broker/dealers, insurance companies and asset managers, merchant banking and venture capital, accountants, attorneys, architects and engineers, media and entertainment, technology, and healthcare and biotechnology. ¹Company-reported. Marsh professional liability page, What We Offer section.

TechInsurance targets E&O at businesses that provide professional services or advice, naming IT and software professionals, cybersecurity and SaaS companies, insurance agents, real estate agents, tax preparers and consultants as example segments, and notes it is sometimes required by state law or licensing boards. ³Company-reported. Errors and omissions product page, Who should get errors and omissions insurance coverage? section.

Coverage Features

Marsh says professional liability coverage can protect a company against liability and defense costs from a claim alleging an error, omission or negligence in performing professional services, and that many policies also cover privacy violations and computer security breaches. ¹Company-reported. Marsh professional liability page opening description; illustrative policy description, not a specific policy form.

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. ³Company-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. ³Company-reported. Errors and omissions product page, Why is it important to keep your E&O insurance policy active? section.

Role in This Line

Marsh's financial and professional liability practice places professional liability (errors and omissions) insurance; MMA also places E&O coverage within its executive and professional liability practice for middle-market clients. ^1,²Company-reported. Marsh professional liability page and MMA executive and professional liability page.

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. ³Company-reported. Errors and omissions product page.