Computer software design errors and omissions

Term · Insurance and risk management · MLC-T-INS-000885

Liability arising from mistakes, omissions, or negligence in the design, development, or implementation of computer software that cause financial harm to a client or third party. This exposure is typically covered under a professional liability or errors and omissions (E&O) policy tailored for technology companies. It addresses claims alleging that the software failed to perform as intended due to professional shortcomings.

Table 1. Record
Identifier	MLC-T-INS-000885
Field	Insurance and risk management
Subject	Cyber and Privacy Liability

Record as JSON

{
  "id": "MLC-T-INS-000885",
  "term": "Computer software design errors and omissions",
  "field": "Insurance and risk management",
  "definition": "Liability arising from mistakes, omissions, or negligence in the design, development, or implementation of computer software that cause financial harm to a client or third party. This exposure is typically covered under a professional liability or errors and omissions (E&O) policy tailored for technology companies. It addresses claims alleging that the software failed to perform as intended due to professional shortcomings.",
  "subject": "Cyber and Privacy Liability",
  "url": "https://mlchart.com/terminology/insurance/computer-software-design-errors-and-omissions/"
}

Record 679 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.