Relm Insurance vs Risklytics: How Do They Compare for Tech E&O Insurance?

Risklytics, a licensed producer, places E&O with outside carriers and lists a typical ask of $1 million to $5 million per claim; Relm Insurance markets tech E&O as professional liability for the technology sector, separate from cyber.

Fintech and blockchain companies should look at Relm, which sells a dedicated Fintech E&O product. AI companies should look at Risklytics, which reads every form for hidden AI exclusions, cites a typical request of $1 million to $5 million per claim and lets you apply online. ^1,²

What Are the Key Differences Between Relm Insurance and Risklytics Tech E&O Insurance?

Fintech Form vs AI Exclusion Review

Relm sells tech E&O through brokers and offers a separate Fintech E&O product for when standard tech E&O isn’t enough for blockchain vulnerabilities and regulatory scrutiny. Risklytics, a licensed producer that places tech E&O with outside insurers, says some insurers quietly exclude AI-related losses and reads every form for those exclusions before binding. Relm cites AI claims such as biased decisions, model theft and data poisoning but describes no such review. Choose Relm if you are a fintech or blockchain company; choose Risklytics if you sell an AI product and need to be sure its outputs are covered. ¹ ² ³

Online Application With No Broker Fee vs Broker Channel

Risklytics starts with an online application and says it adds no broker fee on top of premium; it cites $1 million to $5 million per claim as a typical request. Relm publishes no limits and no application path, so you go through a broker. ⁴ ² ¹

Service and Advice Failures vs Product Errors

Relm frames tech E&O around poor service delivery, contract failures, system failures or software glitches and negligent advice, and warns it overlaps with cyber without replacing it. Risklytics illustrates a product error that costs a customer money, such as a perception model mislabeling shipments, and keeps that distinct from cyber for hacks and leaks. ¹ ²

What Should You Confirm in Relm Insurance and Risklytics Tech E&O Insurance Quotes?

Ask both which insurer issues the policy; neither names one. ¹ ²
If you are a fintech, ask Relm whether Fintech E&O is quoted; ask Relm how its form treats AI-related losses. ¹ ²
Get Relm’s proposed limit and compare it with the $1 million to $5 million range Risklytics cites. ² ¹
Ask Relm’s broker how it is paid; Risklytics says it adds no fee. ⁴ ¹

Relm Insurance vs Risklytics Tech E&O Insurance Compared

Relm Insurance vs Risklytics: Tech E&O Insurance: documented features by provider

Criteria	Relm Technology Errors and Omissions Insurance	Risklytics Professional Liability (Tech E&O) Insurance
Who It’s For	Relm says a business is exposed if it delivers software or tech services, citing risks from AI models making biased decisions, model theft, or data poisoning as examples of the kinds of claims that can arise. ¹Company-reported. Cyber and Tech E&O page framing; not a guarantee of eligibility for a particular company.	Risklytics says enterprise customers usually require this coverage in procurement before signing a first customer contract, and that it becomes relevant once a customer relies on a model's output. ²Company-reported. Lines page.
Coverage Features	Relm says Tech E&O covers claims relating to inadequate service delivery or failure to meet contractual obligations, system failures or software glitches affecting customers' operations, and negligent advice, misrepresentation or failure to disclose product limitations, typically including legal defense fees, settlements and judgments. ¹Company-reported. Cyber and Tech E&O page 'What is Tech E&O Insurance?' section; the issued policy and declarations control. Relm says standard Tech E&O is not always sufficient for fintech companies and offers a distinct Fintech Errors and Omissions product addressing blockchain-related vulnerabilities and heightened regulatory scrutiny. ¹Company-reported. Cyber and Tech E&O page 'What is Fintech Errors and Omissions Insurance?' section; a related but separate product. Relm explicitly says there is some overlap between Tech E&O and cyber coverage, but having one does not protect a client from the exposures the other addresses. ¹Company-reported. Cyber and Tech E&O page 'Who Needs Cyber and Tech E&O Insurance?' section.	Risklytics describes Tech E&O as responding when a company's product or service costs a customer money, such as a perception model mislabeling shipments or an integration error corrupting order data, and distinguishes it from cyber liability, which covers hacks and data leaks rather than a model's own faulty output. ²Company-reported. Lines page; the issued policy and declarations control actual coverage.
Role in This Line	Relm markets Technology Errors and Omissions as professional liability for the technology sector, separate from the cyber liability product on the same page. ¹Company-reported. Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement.	Risklytics Insurance Services is a licensed insurance producer (NPN 22311838) that places Risklytics Professional Liability (Tech E&O) Insurance with outside carriers; it says it does not underwrite policies itself. ³Company-reported. About page; describes Risklytics' brokerage model generally, restated for this line.

Criteria

Relm Technology Errors and Omissions Insurance

Risklytics Professional Liability (Tech E&O) Insurance

Who It’s For

Relm says a business is exposed if it delivers software or tech services, citing risks from AI models making biased decisions, model theft, or data poisoning as examples of the kinds of claims that can arise. ¹Company-reported. Cyber and Tech E&O page framing; not a guarantee of eligibility for a particular company.

Risklytics says enterprise customers usually require this coverage in procurement before signing a first customer contract, and that it becomes relevant once a customer relies on a model's output. ²Company-reported. Lines page.

Coverage Features

Relm says Tech E&O covers claims relating to inadequate service delivery or failure to meet contractual obligations, system failures or software glitches affecting customers' operations, and negligent advice, misrepresentation or failure to disclose product limitations, typically including legal defense fees, settlements and judgments. ¹Company-reported. Cyber and Tech E&O page 'What is Tech E&O Insurance?' section; the issued policy and declarations control.

Relm says standard Tech E&O is not always sufficient for fintech companies and offers a distinct Fintech Errors and Omissions product addressing blockchain-related vulnerabilities and heightened regulatory scrutiny. ¹Company-reported. Cyber and Tech E&O page 'What is Fintech Errors and Omissions Insurance?' section; a related but separate product.

Relm explicitly says there is some overlap between Tech E&O and cyber coverage, but having one does not protect a client from the exposures the other addresses. ¹Company-reported. Cyber and Tech E&O page 'Who Needs Cyber and Tech E&O Insurance?' section.

Risklytics describes Tech E&O as responding when a company's product or service costs a customer money, such as a perception model mislabeling shipments or an integration error corrupting order data, and distinguishes it from cyber liability, which covers hacks and data leaks rather than a model's own faulty output. ²Company-reported. Lines page; the issued policy and declarations control actual coverage.

Role in This Line

Relm markets Technology Errors and Omissions as professional liability for the technology sector, separate from the cyber liability product on the same page. ¹Company-reported. Relm line-of-business page (Relm sells through brokers); not a statement identifying the issuing insurer for a given placement.

Risklytics Insurance Services is a licensed insurance producer (NPN 22311838) that places Risklytics Professional Liability (Tech E&O) Insurance with outside carriers; it says it does not underwrite policies itself. ³Company-reported. About page; describes Risklytics' brokerage model generally, restated for this line.