Technology companies have a higher risk of being sued since countless businesses rely on them for digital infrastructure. Information technology (IT) firms that oversee a company's electronic networking and digital assets can face immense litigation if they do not live up to the promises of their service agreements with clients.
Businesses also rely on the communication services of telecom companies and the software development of e-commerce solutions. Management in any of these industries can make bad decisions that may lead to major losses for their clients. Any business that stores confidential data in a database has these same risks and can face errors and omissions (E&O) claims.