What is Information Technology Liability Insurance?
IT professionals and businesses can be liable for advice and/or services they have provided that cause financial loss to a third party. CGU Information Technology Liability Insurance combines professional indemnity insurance with public and products liability cover to give you comprehensive protection.
This policy provides protection for a broad range of civil liabilities arising from the provision of information technology services.
Key Features
- Cover for loss of documents, including electronic data, and reasonable costs, charges and expenses incurred in replacing or restoring such documents/data
- Intellectual property cover extends to include unintentional infringement of circuit layout rights
- Claims investigation costs, i.e. legal defence costs are paid in addition to the policy limit
- No date recognition (Y2K) exclusion