IT Liability Insurance commonly combines Professional Indemnity and Public and Products Liability Insurance within one technology-focused policy.

Standalone Professional Indemnity and Public Liability policies can instead insure these exposures separately.

Why combine the covers? #

Technology claims do not always fit neatly into one category.

For example, a claim involving:

• Failed software
• System integration
• Incorrect configuration
• Hardware
• Installation

can involve both professional services and technology products.

A combined policy can reduce potential gaps or uncertainty between separate Professional Indemnity and Public Liability policies.

Technology-specific policies may also contain definitions and extensions designed around IT products and services.

Can separate policies still work? #

Yes.

Separate policies can be appropriate where:

• Different insurers are required
• Different limits are needed
• The business has unusual operations
• A specialised Professional Indemnity or Public Liability wording is preferred

The policies should be reviewed together for differences in:

• Insured activities
• Definitions
• Exclusions
• Limits
• Excesses
• Claims notification requirements

IT Liability Insurance should also not automatically be treated as a replacement for Cyber Insurance.

The product name is less important than the actual policy wording and insured activities.

Contact our team if you would like help comparing the available structures.