Can a software vendor assume its technology policy also addresses agency or program work?
Do not assume that. Software, producer services, and delegated work are different operations to describe in the submission; ask the insurer which are listed and how the form treats each.[2]
Describe software, placement, administration, claims, and authority functions separately, including the entity performing each one. Ask the insurer which of those services the application and policy identify.[2][3]
Request the insuring agreement, professional-services definition, insured-entity schedule, relevant exclusions, and any issued endorsement. A technology or professional-liability label alone is not an answer.[4]
Read the Insurance and Insurtech Insurance Buying Guide
Sources and Further Reading
- Agents & Brokers Overview — California Department of Insurance. Producer License Status Inquiry; California only; accessed 2026-09-28.
California-only tool to check listed intermediary license status and discipline history.
- Producer Types and Requirements — California Department of Insurance. License Classes Listed in Alphabetical Order; California license classes only; accessed 2026-09-28.
California producer class list; it does not determine which class a business activity requires or whether a policy fits.
- Agencies Issue Final Guidance on Third-Party Risk Management — Office of the Comptroller of the Currency, Federal Reserve Board, and Federal Deposit Insurance Corporation. Joint release, bank third-party relationship lifecycle and fintech examples; accessed 2026-09-28.
Bank-side guidance for service-provider diligence and contracts, not an insurance mandate.
- Small Business Insurance — National Association of Insurance Commissioners. General liability, what it does not cover, and other business insurance types; accessed 2026-09-28.
Generic line explanations and distinctions; not insurance or insurtech-specific response evidence.
- Insurance Topics | Cybersecurity — National Association of Insurance Commissioners. Cyber risks and cyber insurance; page background last updated May 9, 2024; accessed 2026-09-28.
General cyber customization context; not a policy form.
- Commercial Insurance Guide — California Department of Insurance. Form 700, revised June 14, 2024; commercial property and covered causes, crime, commercial general liability, time element, workers compensation, and rating sections; accessed 2026-09-28.
Commercial line definitions and quote review from California’s regulator; keep legal examples California-specific.
This guide is general insurance buying education, not a producer-licensing determination or coverage opinion. Confirm licensing and regulatory questions for each jurisdiction and review policy wording with the broker and insurer.
Updated 2026-09-28. Editorial Policy
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