Professional indemnity for IT Professionals
There is a wide range of professions that get swept up within the IT Consultant category. Professions include Computer Consultants, Computer Contractors, Computer Hardware Consultants, Computer Software Consultants and Programmers, IT Consultants, Contractors and Project Managers, Website Designers and Developers, Internet Consultants and Trainers. Broadly speaking, work carried out by IT companies falls into one or more of the following areas:
- Packaged hardware / software provision
- Development of bespoke solutions
- Consultancy / project management
- IT recruitment
- Internet services
Areas of particular concern to insurers include:
- The financial sector
- Games development
- Trading systems
- Process control systems
- ASPs (Application Services Provider) or ISPs (Internet Services Providers)
- Managed Service Providers
- Mission and safety critical systems
Because the profession has no governing body there is no required standard wording and, as a consequence, many varied wordings are available. Care should be taken where a “miscellaneous” policy wording is provided as this is unlikely to be sufficiently wide to cover an IT risk. Of great importance is the ability in the wording to allow insurers to put right a problem discovered before a loss occurs. This is called first party cover as it is the policyholder, not his client, who will make the claim. Of equal importance is the knowledge of the underwriters, and their claims departments (and their advisors) of the profession. PI Expert can identify the correct policy to fit your work activities. Please call us to discuss your requirements.
Our specialist, experienced and dedicated IT professional indemnity team has access to all qualifying insurers which enables us to offer the most appropriate advice and most cost-effective professional indemnity insurance available.
To obtain a no obligation professional indemnity insurance quotation, simply download and complete one of our IT PI proposal forms. Alternatively, send us a copy of the insurance proposal form completed for your existing broker.
If your insurance policy is not yet due for renewal, register your interest now and we will arrange to contact you prior to the renewal of your current policy.