Professionals working in the IT industry have unique exposures due to the crossover between the provision of professional services and supply of goods. Many IT professionals supply a mix of both to their customers.
This is further complicated by the legal ambiguity surrounding software advice and development, and whether it is in fact the provision of a service or the sale of goods.
Our tailored IT solutions take these issues into account to offer comprehensive cover.
Traditional Professional Indemnity insurance policies often contain onerous exclusions relating to the supply of goods, whereas Public and Products Liability policies often contain exclusions relating to the provision of professional services.
To address these issues, insurers have developed a range of insurance products that are referred to as IT Liability policies. These represent a combination of Professional Indemnity and Public and Products Liability insurances within the one product, with a view to minimising the prospect of an uninsured claim due to it "falling between the gaps" between the two traditional insurance products.
BRIC understands the aspects of what makes your risk profile unique, and can assist with developing an insurance program that supports your business.
Navigating the complexities of your insurance requires a partner and adviser with intimate product knowledge, the strength of market clout, and a holistic approach to managing your risks on your behalf.
We have experience and expertise across a number of insurance products. You can navigate them below, or contact us to learn more.