Smart Business Insurance
Level 11, 484 St Kilda Road Melbourne, VIC3004
$ Phone: 1300 542 573 info@smartinsure.com.au

1300 542 573

TALK to a SMART Business Insurance adviser

What is IT professional indemnity and business liability insurance ?*

A suitable IT professional indemnity and business liability insurance may provide cover for IT service providers for professional indemnity and public liability cover under a combined policy.

For example, IT professional indemnity and business liability insurance cover for Information Technology Professionals and businesses may include*:

  • Financial loss arising from software/system defects
  • Financial loss due to lost or corrupted data
  • Failure to perform and deficiencies
  • Breach of intellectual property
  • Personal injury or property damage resulting from a hardware/product defect
  • Inappropriate or incorrect advice leading to financial loss

Why do IT service providers need IT professional indemnity and business liability insurance?*

IT service providers can be held liable for the advice or the services they perform that may cause financial loss to a third party. As a result IT service providers need IT professional indemnity insurance.

Public Liability insurance is a core cover for all Australian businesses - including for IT service providers - to cover you against damage to a third person or their property.

Furthermore IT service providers need IT professional indemnity and business liability insurance to cover for the following business risks:

  • Contractual Liability
  • Breaches of consumer protection legislation
  • Product Recall First Party
  • Data Recovery Damage and destruction of documents
  • Cover for subcontractors

If your Information Technology business needs cover for some or all of the above IT related risks please call 1300 542 573 to TALK to a SMART business insurance broker about a suitable policy at an affordable cost for your business.

Who needs IT professional indemnity and business liability insurance?*

All IT service providers that charge a fee for advice or a service need IT professional indemnity and business liability insurance.

For example, any IT service providers performing the following IT services need IT professional indemnity and business liability insurance:

  • Data storage, processing and warehousing
  • Hardware maintenance and installation services
  • IT & T consulting
  • IT Helpdesk and network support
  • IT project management
  • IT Recruitment and Placement
  • Services Software Development,
  • Design Analysis and Programming services
  • Systems Integrations Services Telecommunications Services
  • Value Added Reselling Services
  • Website Design and development Website Hosting
  • E- commerce application development
  • ISP
  • SCADA/PLC services

To talk to SMART business insurance broker about a suitable IT professional indemnity and business liability insurance policy please contact us on 1300 542 573 or contact us online.

1300 542 573

TALK to a SMART Business Insurance adviser

Business Hours:

Monday – Friday 8.45 am - 6.00 pm AEST

*Important: Cover may be available subject to meeting insurers underwriting criteria. Some of the covers listed may or may not be available or may have limitations or exclusions. Cover inclusions vary significantly from insurer to insurer. DO NOT rely upon the above. Check your policy schedule carefully for inclusions and exclusions and limitations. Talk to a SMART insurance broker on 1300 542 573 for more information.

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