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A tailored policy for the Information Technology & Communication Industry which combines both Professional Indemnity and Public (General) & Products Liability Insurance under the one policy.
It provides coverage for claims arising from failure of the insured products, services and/or advice and includes infringement of copyright, trademark, registered design, or any other plagiarism, libel, or slander. It also covers breach of confidentiality and privacy.
IT consultants can be liable for a mistake or failure that causes a third party to suffer a financial loss, such as:
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- Loss of data
- Business interruption
- Data migration difficulties
- Inadequate hardware or software support
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- Injury caused by faulty hardware or software
- Physical loss of equipment.
- Incompatible, inappropriate or ineffective hardware
or software
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Policy Features may include:
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- Trade Practices Legislation
- Libel & Slander
- Dishonesty
- Loss of Documents
- Defence Costs
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- Official Enquiries Cover
- Public Liability Cover
- Products Liability Cover
- Tenants Liability
- Goods Sold & Supplied
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IT Liability Insurance generally aims to provide protection for:
- settlements, compensation and/or damages awarded against them,
- legal costs and other expenses associated with defending a claim.
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