Can protect your business:
If you’re sued by a client for breach of contract
If you unintentionally infringe a third parties intellectual property
Mitigation costs to help rectify a problem prior to a formal claim being made
Loss of documents and data
Regulatory body awards made against you
We can arrange cover for:
Sole practitioners / IT contractors
IT Training companies
Security software programmers
General software programmers
Packaged software companies
Network installation / maintenance companies
Please Note: This list of professions is not exhaustive
- Civil Liability
- Breach of contract
- Breach of privacy
- Mitigation costs
- Employees responsible to the Insured
- Libel, slander & defamation
- Infringement of copyright – defence
- Trustee liability
- Loss of documents & data
- Criminal prosecutions
- Ombudsman / regulatory body awards
- Investigation costs
- Compensation for court attendance
- Limited cover for asbestos
- Non-gradual pollution
- Joint venture / consortium
- Claims advocacy
- Cyber liability
Limit of indemnity options ranging from £250,000 to £5,000,000
Policy excess options ranging upwards from £250 each and every claim.
How to make a claim
In the event of a claim, notify your client manager who can guide you through the process as soon as possible.
Frequently Asked Questions (FAQs) about PI insurance for the industry:
1. What is Professional Indemnity Insurance?
Professional Indemnity insurance provides cover should a third party suffer a financial loss as a result of your professional error, omission or negligence.
2. What does “any one claim” mean?
The limit of indemnity purchase is in respect of each and every claim from separate acts of negligence notified to insurers during the period of insurance.
3. What Professional Indemnity limit should I consider?
We would recommend you review your contracts both pending and current to assess whether your limit of Indemnity is sufficient.
4. Does being a limited company or sole trader make any difference?
From an insurance point of view, this will not materially affect the quotation provided. Should you change the status of your business during the insurance year, please contact us immediately so that we may notify underwriters.
5. Will my policy cover sub-contractors?
Yes, the policy will cover your IT contractors or consultants. This is only provided, if you have taken reasonable steps to ensure that our rights of recovery against your sub-consultant are not restricted or financially limited by a specific term in a contract or other agreement. Also, the insured will need to declare the sub-consultant fees in the proposal form.
IT Consultants Professional Indemnity insurance is arranged by Aon UK Limited which is authorised and regulated by the Financial Conduct Authority.
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