Technology Professional Indemnity

Liability & Construction

Providing bespoke Professional Indemnity cover for Technology and Communication companies.

Summary

From consultancy firms to software developers, all tech based businesses face unique challenges including development, data breaches and heightened regulations. It is therefore essential to have comprehensive Professional Indemnity Insurance in place to cover them from these challenges.

Your expert team

You can access our knowledgeable underwriters directly to discuss your clients’ needs.

New bsuiness

Simon Bell
07873 300 883
simon.bell@t-u.l.co.uk
Renewals

Richard Foster
01923 298 429
richard.foster@t-u.l.co.uk

Key documents

Proposal Form

Key benefits

Bespoke wordings

Suitable for UK domiciled technology firms

Turnover up to £200M

Wide appetite

Limits of Indemnity available on Any One Claim or Aggregate basis

Up to £5M Limit of Indemnity available (Primary)

Extended policy periods available

Overseas exposures can be considered

Features

Third party coverage for Technology Liability, Multimedia Liability, and Security and Privacy Liability claims for:

  • Civil liability arising from breach of a written contract
  • Negligence or breach of a duty to use reasonable skill and care
  • Negligent misrepresentation or negligent misstatement
  • Breach of confidence, misuse of information or breach of privacy
  • Injury to a person arising out of defamation, including libel, slander, defamation, product disparagement or malicious falsehood
  • Negligent transmission of a virus or Trojan horse
  • Denial of service attack
First Party coverage including:

  • Loss of Electronic Data
  • Loss of Physical Documents
  • Loss Mitigation
  • Payment of outstanding fees
  • Trial attendance costs (Up to £250 per day for loss of earnings up to a maximum of £5,000 in the Aggregate unless otherwise agreed)

Target Business

We can offer a range of industry-specific solutions to suit the various risks faced. Clients must be UK domiciled Technology and Communication companies who can demonstrate core Risk Management behaviours. Our Technology target business activities include:

  • Hardware Design & Manufacture
  • Software licensing
  • Shrink wrapped software licenses
  • Web Page Design and Hosting
  • Data Centres
  • Technology maintenance and support
  • Installation of Software and Hardware
  • IT Consultancy
  • Data processing
  • Gaming
  • Telecoms Provision
  • Hardware manufactured by insured
  • Customisation of software
  • Project Management
  • Training and Education
  • Facilities maintenance
  • Application Hosting
  • Software development
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