There is no single IT Liability limit suitable for every technology business.

The appropriate limit depends on the services provided, contracts, clients and potential severity of a claim.

Professional Indemnity considerations #

Factors can include:

• Contractual requirements
• Project values
• Size of clients
• Criticality of the services provided
• Potential financial loss to a client
• Access to sensitive or business-critical information
• Defence costs
• Aggregate limits
• Reinstatements
• Policy structure

Public and Products Liability considerations #

Relevant factors can include:

• Contract requirements
• Work at client premises
• Physical equipment supplied or installed
• Products exposure
• Nature of client sites
• Potential severity of injury or property damage claims

A contractual minimum should not automatically be treated as the appropriate overall limit for the business.

The policy structure also matters. Professional Indemnity and Public and Products Liability may have different limits, aggregates and excesses.

Contact our team if you would like us to review the insurance limits required by a technology contract or your broader business exposure.