Tailored cover for those in the information and communication technology sector, IT Liability Insurance allows businesses to combine policy coverages of professional indemnity, public liability and cyber liability underneath a single policy. We create tailored policies for these companies that help provide an immediate and custom disaster response, as well as in instances of negligent advice, acts, errors or omissions.
IT Liability Insurance is designed to protect your tech business from legal claims and financial losses arising from failures from your advice, products or services. This is primarily focused on the harm these failures can have on third-parties, such as your clients, as opposed to the losses suffered directly to your business from such risks.
Errors, bugs, and malfunctions in your hardware, software, or systems that result in a loss to a third-party.
Loss of or damage to first-party or third-party data due to failures in your advice, products or services. This can also include damage to third-party networks.
Fees and costs arising from third-party claims related to your errors or omissions.
To determine your policy requirements for IT Liability insurance for your business, we'll consider a number of factors, which include:
Clearly define the scope of your IT services, products and operations to help ensure your policy adequately covers all relevant activities.
Assess your current data security measures and identify areas for improvement, including 2-factor authentication, firewalls encryption and access controls.
Accessing incident response services for immediate 24/7/365 support following a first-party or third-party cyber breach will help minimise impacts to your and your clients' operations.
