An I.T Liability Policy generally consists of 2 core sections

• Professional indemnity Insurance (PI)
• Public Liability Insurance (PL)

Professional Indemnity

As an individual or business providing a high level professional service you are accepting the risk of employees and executives in a position of advisory making a mistake that could lead to costly legal action & further more settlement against you resulting in payouts, reputational damage that can have potentially crippling outcomes for your business whilst also placing massive personal tolls on both the staff in question and the business owners whilst the process is playing out.

The allegations may be baseless however it is not always that you have done something wrong it can also be the costs incurred to prove your innocence. Generally, people point the finger prior to either focussing on the truth or removing their emotions from the situation. As un fair it is the reality is that it does happen.

Public & Products Liability Insurance

Public Liability insurance is designed to protect your business & employees against the accusation and compensation awarded from negligence resulting in personal injury or property damage incurred as a result of your business’ activity or products your business provides. As a business owner you already have enough to worry about. Public Liability insurance is your protection if you are found to be legally responsible for personal injury to a third party or damage to their property

You need Public Liability insurance in general & especially if your customers visit you or you go out to see them, either at their premises, in public locations, or places owned and/or controlled by others.