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Information Technology Professional Liability
With advancements in technology and the increasing complexity of software, the demand for specialist and general IT consultants has increased enormously. IT consultants face claims not only in connection with the quality of the advice they deliver but also for damage caused by the failure of the products they supply.


    Key Exposures
  • Errors, omissions, or negligence in the installation of networks and software, preparation of custom-made programs
  • Breach of copyright arising from use or modification of proprietary software programs
  • Loss of data due to systems programming failures
  • Delays and or costs overruns in the development, installation or integration of software, hardware or firmware
  • Breach of privacy or similar other legislation from the inadvertent publication/broadcast of databases
  • Liability arising out of the design of o or the content on a website or internet site
  • Recommending a computer network to a client that fails to perform as described, or recommend equipment that is inadequate to meet the client's needs or type of operations
    Policy features
  • A broad definition of professional services
  • Explicit cover for any technology product failure
  • Coverage for Civil liability, Misleading or deceptive conduct, Intellectual property breaches, Defamation, Fraud or dishonesty of principals, partners, directors or employees, Loss of Data and Defence costs
  • Access to the BusinessGuard Legal Advisory Panel
  • Optional Extensions for Employment practices liability and Fidelity.
  • Limits of liability up to $25 million.
Disclaimer:
American Home Assurance Company, ABN 67 007 483 267 AFSL 230903, incorporated with limited liability in the USA, trading as AIG Australia, a member company of American International Group, Inc. The description of coverage contained in this document is a summary and for your information only and should not be treated as advice. Some capitalised terms have a special meaning in the policy of insurance. Should you require any advice on your insurance or coverage requirements you should consult your professional insurance advisor. The coverage described and any claims made are subject to terms, conditions, limitations and exclusions outlined in the policy of insurance. Availability of coverage and the terms and conditions thereof are subject to underwriting assessment, the location of the applicant and/or regulatory approval. Any claims examples stated herein (if any) are purely fictional and are for illustrative purposes only. They should not be construed as any comment on, or confirmation or extension of, coverage for any past, present or future claim. In the event of any conflict between the descriptions of coverage in this document and the policy of insurance, the provisions contained in the policy of insurance will govern.

Copyright © 2008 American International Group, Inc. All rights reserved.