IT professionals

If damage or an accident occurs as a result of your work, the impacted third party may be able to make a claim against your business, which can result in costly legal fees as well as the obligation to pay for the damage or injury you may have caused.

CGU’s professionals insurance includes broadform liability cover your business for:

• Legal costs incurred in the defence or settlement of a claim
• Cover for others that may be acting on behalf of your business when the incident occurred
• Loss or damage of goods – which are in your care custody or control which you do not own
• Loss or damage of someone else’s property that occurs while performing your service
• First aid expenses at the time of an incident
• Injury to others who sustain injury whilst visiting your premises

This is a summary only, the full details of what is and is not covered, please read the Information and Communication Technology Liability Policy.

Every business is different, and there is no ‘one size fits all’ rule for how much insurance your business needs. 

Sometimes the amount of public liability insurance you need will be dictated by the contracts you work on – for example, some corporate and government contracts will stipulate a minimum amount of liability cover.
CGU offer three levels of broadform liability cover which can be purchased from us directly:

• $5 million 
• $10 million
• $20 million

Liability claims can be very costly, so it’s important you choose a level of cover that will financially protect your business should you need to make a claim.  

Professional indemnity insurance provides you and your business with protection against claims for financial loss, bodily/personal injury or property damage arising from an act, error or omission in the performance of professional services.

If you’re in any kind of profession that gives advice or provides a service, for example: project management, website design, or IT consulting, professional indemnity is a necessity. Your business is your livelihood, so protecting it is paramount.

On occasion it’s possible in your profession to unintentionally breach privacy or confidentiality, omit information, make an error of judgement or provide the wrong advice. A simple act, error or omission can lead to a claim against your business, therefore making it vital to protect yourself, your business, and reputation.
  
Professional Indemnity Insurance protects you from bearing the full cost of these claims and disputes, and from the time and resources they consume.
 
The threat of claims and litigation is very real and can potentially bankrupt businesses, small or large. It may seem like a distant possibility, but legal action often arises from an unforeseen event to completely disrupt businesses

CGU professional indemnity insurance covers your business for:

Some things you're covered for:

• Civil liabilities including (but not limited to) breach of duty, defamation, loss of or damage to documents, infringement of intellectual property and more
• Bodily injury and property damage claims arising from the professional services covered by the policy
• Claims investigation costs (i.e. costs of investigating, defending and settling claims)

This is a summary only, the full details of what is and is not covered, please read the Information and Communication Technology Liability Policy.

Things professional indemnity insurance doesn’t cover you for include:

• Claims and circumstances known before the period of insurance
• Intentional damage
• Insolvency of the insured
• Contractual liability
• Terrorism

This is a summary only, the full details of what is and is not covered, please read the Information and Communication Technology Liability Policy.

Every business is different, and there is no ‘one size fits all’ rule for how much professional indemnity insurance your business needs. 

Sometimes the amount of professional indemnity insurance you need will be dictated by the contracts you work on – for example, some clients will require you to hold a minimum amount of professional indemnity insurance to work for them.

Professional indemnity claims can be very costly, so it is important that you choose a level of cover that will financially protect you and your business should you need to make a claim.

CGU offers four levels of professional indemnity cover which can be purchased from us directly:

• $1 million 
• $2 million
• $5 million
• $10 million 

Some examples of scenarios that might be covered under your professional indemnity insurance would be:

• An project manager failing to deliver an IT project on time, leading to a financial loss for his client
• An IT consultant providing incorrect advice which led to a client's business losing money
• A web designer creating a new logo that was similar to a copyrighted design, which led to legal proceedings against their client

This are examples only, for the full details of what is and is not covered, please read the Information and Communication Technology Liability Policy.