Information Technology Liability Insurance
Platinum Management Liability Insurance is able to arrange, place and manage all your Information Technology Liability and Professional Indemnity Insurance requirements.
We are able to arrange insurance cover for a range of Information Technology insurance companies including:
IT and Telecommunications
- Equipment Manufacturing
- Computer and peripheral equipment manufacturers
- Electroninc components and accessories manufacturers
- Integrated circuit manufactures
- Network/hardware manufacturers
Software Development: Designers, developers and producers
- Pre-packaged software
- Operation Systems
- Network Software
- Databases
- Application software and tools
- Computer programming
- Shrink-wrapped software
Information Technology Services
- Data processors and system integrators
- Data storage and retrieval services
- Computer conusltants and systems analysts
- Computer maintenance and repair
- IT outsourcing and facility managers
- Value added resellers
- Other computer-related services
Telecommunication Services - Voice data and video transmission services
- Internet Service Providers
- Application Service Providers
- Web hosting, data centres and ancillary services
- Wireless communication and messaging services
- Network consulting and support services
Information Technology Liability Insurance is specifically designed for the Information Technology (IT) consulting market. It offers a Civil Liability Professional Indemnity Policy and a Broad Form Liability policy combined into one product. Legal uncertainty exists over whether IT people are providing a “product” or a “service” A service such as advice is a Professional Indemnity issue where as a “product” such as a hard drive is a Products Liability issue.
One Information Technology Liability Insurance policy covering both exposures with one insurer removes the problem of the policy failing to respond to a claim because the Public & Products Liability Insurer says the incident was a service and the Professional Indemnity Insurer saying the incident was a product and you suffering the financial loss. Legal uncertainty exists over the character of some of the activities provided by IT consultants. In providing software advice and/or design, are they providing a service or a ‘product’?
Understandably, the uncertainty has caused confusion in the handling of claims. Should the claim be treated as a ‘service’ and therefore be covered under a Professional Indemnity policy? i.e. the claim arose from a breach of the Insured’s professional duty. Alternatively, should the claim be treated as a ‘product’ under a Public & Products liability policy i.e. the claim arose out of a product or manufacturing fault?
An Information Technology Liability Insurance Policy Package provides the convenience and benefit of full Civil Liability Professional Indemnity and Broadform Liability Insurance policies, in one Liability Package Policy. The Package provides cover for both civil liability arising from the conduct of the Insured’s professional business practice, and third party loss caused by bodily injury or property damage.
This insurance product typically achieves this by removing the ‘sale and supply exclusion’ in the Professional Indemnity policy wording. It allows a closer fit with the Broadform Liability policy, minimising uncertainty over the cover provided to IT consultants under this insurance package.
In addition the policies within the package are specifically tailored for IT professionals by removal of the electronic data exclusion from the general liability policy and by extending documents cover under the PI section to include data and the Date Recognition Exclusion has been removed from both sections of the policy.
Please click the links below to access any Platinum Management Liability Insurance product or service page:
Association & Not For Profit Organisations Liability Insurance
Defamation Insurance
Directors and Officers Liability Insurance
Employment Practices Liability Insurance
Information Communication & Technology Liability Insurance
Insurance Premium Funding
Legal Expenses Insurance
Management Liability Insurance
Medical Malpractice Liability Insurance
Professional Indemnity Insurance
Professional Indemnity and Broadform Liability Insurance