Information and Communication Technology Liability Insurance
What is Information and Communication Technology (ICT) Liability Insurance?
ICT Liability insurance provides coverage for claims arising from failure of the insured’s products, services and/or advice. Cover can also include infringement of intellectual property rights, defamation or breach of confidentiality, loss of documents/data and defence costs for breach of contract.
Because of the nature of IT services there can be uncertainty as to whether a claim should fall under a public/product liability policy, which covers third party claims for property damage and personal injury, or a professional indemnity policy, which covers third party claims for financial loss.
If the policies are placed separate and, particularly, if they are placed with different insurers, a claim could potentially fall between the two policies. It is therefore desirable for these exposures to be covered under one policy, which is what ICT liability insurance has been designed to address.
An ICT liability insurance policy typically covers damages, third party legal costs and defence costs.
Need a ICT Liability insurance quote?
We would be happy to provide you with a quote. In order to do so, please download and complete a proposal form.
If you are involved in any of the following activities please also download and complete a supplementary addendum.
- Telecommunication and Data Communication Service Providers Addendum
- Software Developers Addendum
- Manufacturers, Assemblers and Exclusive Importers of Hardware or Hardware Components
If your business is newly established we will additionally require a copy of your current CV.
Completed documents can be scanned and emailed to it@jlta.com.au or alternatively you can fax them to us on 1300 737 578. Please ensure the documents are signed and dated.
Once we have received your completed documents we shall then promptly provide you with a quote.
We draw your attention to the attached “Important Information and Financial Services Guide” notice which details the claims-made nature of this type of insurance and your obligations, including your “Duty of Disclosure”. The Important Information applies to all named persons, companies and parties comprising the insured and you should send a copy of these notices to all such parties.
Should you have any queries please feel free to telephone us toll free on 1300 660 511.