I.T. Liability
Information Technology (IT) Liability insurance provides IT Professionals with financial protection if you fail to deliver the contractually agreed upon products and services to your customers.
IT Liability Insurance
IT Liability Insurance is a package style product made up of the following:
- Professional Indemnity
- Public & Products Liability
- Cyber Liability
The reason these types of cover are combined, is due to the cross over between products sold and services provided. For example, an IT Company could incorrectly implement (service) faulty software (product).
We are experienced in the following Technology sectors:
- Hardware/Software designers, installers, manufacturers
- Data Centres, Internet Service Providers, Managed Service Providers
- Blockchain, Fintech, Artificial Intelligence, Robotics and many other evolving IT segments
IT Liability Insurance is a package-style product combining three covers: Professional Indemnity, Public & Products Liability, and Cyber Liability. This combined structure reflects the crossover between products sold and services provided in the technology sector — for example, an IT company could incorrectly implement (service) faulty software (product), creating exposure across all three areas.
What IT Liability Insurance Covers
The policy protects IT professionals for financial loss claims arising from errors, omissions, or failure to deliver contractually agreed products and services. Professional Indemnity covers negligent advice or service. Public & Products Liability covers physical damage or injury arising from your business activities or products. Cyber Liability covers data breaches and cyber incidents — a critical component for technology businesses handling client data and systems.