ERRORS & OMISSIONS COVERAGE FOR
INFORMATION TECHNOLOGY PROFESSIONALS
Companies reliant on or working with Information Technology are confronted with professional liability exposures. Whether they be consultants, software programmers or any company engaged in utilizing computer systems or the internet, clients and customers demand the highest level of service and when their requirements are not met, regardless of blame, IT companies are open to the possibility of being sued.
Through understanding the developing practices of the industry and the exposures companies face we are able to provide insurance products that will help to protect those companies.
NCG Professional Risks Limited specialises in providing Professional Indemnity Insurance to a multitude of professions.
The North American Professional Liability Division at NCG is a dynamic team with a vast depth of knowledge and experience to draw upon to provide clients with the structured solution to their varied insurance requirements.
Our underwriting capacity includes both Lloyd’s and London Company market and with our long relationships and quality business production our Underwriters are keen to provide viable terms for existing and prospective customers.
Our aim is to provide an efficient and valued service in our commitment to making our clients the number one priority
Summary of coverages
- Claims paid for damages awarded against an assured including defence costs and expenses
- A broad definition of computer systems and information technology-related professional services
- Loss of revenues, including third parties
- Losses and liabilities which may arise from using the internet or email
- Damage to computer systems as a result of hacker attack or virus
- Breach of security, unauthorised access, and theft of data arising from hacker attacks or a computer virus.
- Ransom demands or threats to introduce a virus or hack into the insured’s computer systems
- Inadvertent transmission of a virus or other malicious code.
- Failure to prevent theft of data and introduction of a computer virus
- Personal injury/ intellectual property claims (defamation, invasion of privacy, plagiarism, infringement of copyright, etc)
- Internet content liability
- Certain misappropriation of trade secret claims
- Legal expenses incurred in the enforcement of intellectual property rights
- Breach of confidence or misuse of information.
- Free online risk assessments by leading security experts, where there is a network security exposure
- The costs of a public relations consultant to mitigate reputational damage as a result of any loss that is covered under the policy
Important – this product summary is intended for guidance only and should not be taken as a definitive statement of policy terms and conditions. Full details of the coverage available will be provided upon request
Highlights
- “A” Rated Carriers
- Claims made policy forms
- Full prior acts can be considered
- Worldwide coverage
- Limits from $500,000 to $10,000,000, or more
- Typical 24 – 48 hour turnaround
For further Information please contact:
Mark Mitchell
Email: mark.mitchell@ncgpi.co.uk
Telephone: +44 (0)20 7220 4370
Alan Lambert
Email: alan.lambert@ncgpi.co.uk
Telephone: +44 (0)20 7220 4369