It Insurance, Insurance For It

IT Insurance

Advanced cover for a specialised industry

Finally there is an insurance product that fills serious IT exposure gaps left by generic professional indemnity cover. What’s more, IT businesses no longer need to take out a handful of separate insurances to cover all aspects of their products and services.

Closing the gaps in the cover

IT Insurance was developed to overcome the shortcomings of a standard Professional Indemnity (PI) and Product Liability policies. This is because of the blurred distinction in the information technology industry between a product and a service.

For example, a standard PI policy will only respond to IT claims if they relate to a design flaw – but for software and other IT developers, this is rarely the case. The history of litigation shows that when claimants have a problem with functionality, the cause is far more complex – the usual large number of satisfied users of the software only strengthens the case against design error.

Added to this complexity is the unique regulatory regime controlling IT businesses such as Internet Service Providers. This necessitates insurance for IT that covers actions in respect of the Telecommunications Industry Ombudsman Alternative Dispute Resolution Scheme.

Combine your insurances under one roof

Insurance House’s IT insurance policy was developed to provide breadth of coverage to all companies involved in the information technology and communication industries. It includes:

• Cover for claims arising from failure of computer products, services and/or advice
• Infringement of copyright, trademark, registered design, or any other plagiarism, libel, or slander
• Breach of confidentiality and privacy
• Errors and Omissions, which covers economic losses
• Personal Injury and Property Damage, which covers traditional liability requirements.

Insurance House understands that no two businesses are the same, and is dedicated to providing a flexible range of products and the personalised attention needed to develop your own IT insurance plan.

We don't just find standard insurance quotes for you – we use our market knowledge and contacts to enhance your level of coverage for the widest range of risks. More than just an insurer, we act as your business risk partners and respond to your unique business situation.

Special access to IH Business Assist

Take out IT insurance with Insurance House and you will automatically register for our free support service, IH Business Assist. This includes:

• Dedicated service from a professional Account Manager and Support Team
• Financial analysis services
• Formal risk management review over a range of business risks
• Additional support services such as valuations, claims analysis and consulting, access to our online knowledge bank and subscription to our quarterly newsletter.