IT Liability Insurance
Why Do Technology Companies Need Specialised Liability Policies?
Technology businesses operate across diverse activities, which can create gaps in coverage when traditional insurance policies are used. A tailored IT liability policy ensures comprehensive protection against risks unique to the industry.
What Does IT Liability Insurance Cover?
Professional Indemnity
Protects IT professionals and their businesses from claims related to actual or alleged negligence in the provision of professional services or advice.
Public & Products Liability
Provides protection if a customer, supplier, or member of the public is injured or suffers property damage due to your business activities. Product Liability Insurance extends to third-party claims involving property damage or personal injury caused by your products.
Types of Protection:
- Civil liability arising from the provision of IT services and products
- Faulty designs and inaccurate advice
- Misleading & deceptive conduct
- Breaches of intellectual property rights
- Breach of contract
- Fraudulent & dishonest acts
- Injury caused by you or 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 expenses
Who Requires IT Liability Insurance?
- Information Technology Service Providers
- Software Developers and related fields
- Network Engineers
- IT Consultants