IT Liability Insurance

Specialised insurance cover for IT contractors and information technology consultants

Information Technology Liability Insurance is a combined policy specifically created for Information Technology professionals and contractors.

The policy is a combined Professional Indemnity and Public & Products Liability Policy which was created to avoid gaps in coverage that can arise if policies are placed separately.

The main benefit of IT Liability Insurance is that it offers all of the necessary liability coverage under one policy.

Why do Technology Companies need specialised liability policies?

This is essential because gaps in coverage can arise as a result of the diverse range of activities provided by IT professionals or contractors.

What does IT Liability Insurance cover?

• Professional Indemnity – This section secures IT professionals and their businesses for claims against them for potential losses arising out of actual or alleged negligent acts or omissions in the provision of professional services or advice.

• Public & Products Liability – This section is designed to provide protection for you and your IT business in the event a customer, supplier or a member of the public is injured or sustains property damage as a result of your negligent business activities. Product Liability insurance extends protect your businesses against claims by third parties relating to property damage or personal injury caused by your products.

Types of Protection

• Civil Liability arising from provision of IT Services and IT Products

• Faulty designs, inaccurate advice

• Misleading & deceptive conduct

• Breaches of intellectual property rights

• Breaches of contract

• Fraudulent & dishonest acts

• Injury caused by you or one of your employee’s negligence

• Defamation

• Loss of documents and data

• Fines & penalties

• Slips & falls on your premises

• Damage to a third party’s property

• Product Recall expense

Who requires IT Liability Insurance?

• Information Technology Service Providers

• Software Development and related modalities

• Network Engineering

• IT Consultants