IT Liability Insurance can be relevant to businesses that develop, supply, install, manage or provide advice about technology products and services.

Examples can include:

• IT consultants and contractors
• Software and application developers
• Managed service providers
• Web developers
• Systems integrators
• Network engineers
• Cloud and hosting providers
• Data storage providers
• Cybersecurity consultants
• Hardware suppliers and installers
• Telecommunications providers
• Technology project managers
• Businesses licensing their own software
• Hardware or software resellers

Why can technology businesses need specialised liability cover? #

Technology services can create financial loss even where there has been no physical property damage or personal injury.

For example, allegations can involve:

• Software errors
• Incorrect configuration
• Failed implementations
• Project delays
• Unsuitable advice
• System outages
• Data loss
• Failure of supplied technology

Technology businesses can also have Public and Products Liability exposures where they work at client premises or supply and install physical equipment.

The appropriate insurance depends on the services and products provided, client contracts and the potential consequences if something goes wrong.

All material activities should be disclosed, including incidental services, subcontracted work and products developed or supplied.

Contact our team if you would like help reviewing your technology insurance requirements.