The information and technology industry is complex and developing at an increasing rate. As more businesses depend on online systems for core business operations, IT professionals face a range of potential liabilities from clients and third parties that can have crippling financial and reputational consequences should something go wrong.
As technology evolves, the need for IT liability insurance becomes even more critical, helping provide essential protection against common liabilities inherent in the information and technology industry.
What is IT Liability Insurance?
IT Liability Insurance protects you and your business against legal liability occurring due to the failure of your IT products, services or advice. This type of policy combines professional indemnity, public liability and product liability into one insurance solution.
IT Liability Insurance provides protection for instances where an IT product fails, someone hacks into your IT systems or software and destroys or steals sensitive information, and when something goes wrong based on advice you have provided on an IT product or service.
If you are a consultant or work in an organisation that develops, manufactures, sells, licenses, or integrates any form of information technology or related services you should consider IT Liability insurance.
This includes occupations and organisations such as:
- Software developers
- Electronic and Telco equipment manufacturers
- Telecommunication providers
- Internet service providers
- IT Consultants
- Web Hosting service providers
- Hardware/Software resellers
- IT Maintenance and Repair Technicians
How Westminster Coverforce Can Help
At Westminster Coverforce, our team of insurance brokers understand the pressure businesses are under to meet the expectations of clients and the risks IT professionals face every day on the job. That's why we will take the time to assess your individual risk management requirements and exposures and deliver an insurance solution that best meets your business' needs and budget.
For more information or to arrange cover, please contact our team at 08 6210 8888. Alternatively, you can simply fill out the quote form below and one of our insurance brokers will get in touch with you shortly.
