Corporate clients often specify E&O and cyber minimums in the master services agreement.
Disclose your practices. License compliance issues can become IP claims under media liability.
Cyber liability responds. Whether you or your client is liable depends on the contract, but you'll likely be named.
Media liability addresses IP and content claims. E&O generally doesn't cover infringement.
E&O responds to claims that software failures caused a client financial loss.
Fraud is a crime
If your application contains purposefully misleading, absent, or inaccurate information, you could be charged with fraud. Your insurance carrier could potentially void your policy, or you could face civil or criminal charges or penalties.
Any person who knowingly and with intent to defraud any insurance company or other person, files an application for insurance or statement of claim containing any materially false information or conceals, for the purpose of misleading, information concerning any fact material thereto, commits a fraudulent act, which is a crime.
