IT Liability Insurance

Specialised insurance cover for IT contractors and information technology consultants.

Quick Quote

Get a IT Liability Insurance quote.

IT Liability Insurance Details

One of the fastest growing areas of employment in Australia is in the information technology field and more specifically, IT contracting. IT Liability insurance has been specifically designed for this complex and diverse market and offers a seamless packaged liability cover for IT products and services.

IT Liability insurance provides protection for organisations against any possible legal liabilities that may arise from such instances as the failure of products, services and/or advice resulting from the business activities.

What is Included in the IT Contractor Package?

This IT contractor insurance package includes cover for both:

Why a combined IT insurance policy? On occasion there is legal uncertainty as the nature of activities provided by IT professionals can be extremely diverse. For example, it is not always clear what can be defined as a product (IT goods) and what can be defined as a service (IT services).

A professional indemnity insurance policy generally covers “advice” with “products” generally covered under a public and products liability policy.  By combining these into the one IT liability cover, the gaps that may exist with having two separate policies are significantly reduced.

It is recommended that any  IT contractor should have both professional indemnity and public and products liability insurance combined into the one specialised IT liability insurance cover.

What Is Covered?

IT Liability insurance may cover claims arising from:

  • Failure of computer products, services and/or advice
  • Infringement on copyright, trademark, registered design, including plagiarism, libel, and/or slander
  • Errors and Omissions, which can cover economic losses
  • Personal Injury and Property Damage, under the traditional liability cover

Who Requires IT Liability Insurance?

There are a vast range of occupations that fall under the definition of IT who may require IT Liability insurance. Broadly, the development, manufacturing, licensing, selling, providing, advising or integration of any form of information technology and related services by a consultant or organisation may be exposed to potential claims.

  • Data Processing/Warehousing Services
  • Education and Training
  • Hardware Installation, Maintenance and Repair
  • Hardware Sales
  • ISP/Web/Internet Service
  • IT Consultants
  • IT Recruitment and Placement Services
  • Project Management
  • Software Development/Installation/Maintenance
  • Software Sales – Customised/Own Developed
  • Software Sales – Packaged/Third Party Software
  • Systems Analysis/Audit
  • Systems Integration
  • Telecommunication Services
  • Troubleshooting

How Much Does This Cover Cost?

IT Liability premiums vary from insurer to insurer. We however has access to policies starting as low as $500 which includes all admin charges.

To arrange an obligation free quote please click the button below or if you would like more information or have any questions, please call us on 1300 932 237.

Get an IT Liability Quote
Insurance advice you can trust