Target occupation types include:
• IT & T services
• Electronic and Telco equipment manufacturers
• Telco and Hosting providers
• Software Developers & Allied Services
• Systems Integrators
• ISP’s & ASP’s
• Electronic Manufacturers
• Telecommunication Providers
• Scada/PLC
• IT&T Consultants
Covers:
• Professional Indemnity
• Public & Products Liability
• Breaches of the Trade Practices Act
• Defamation
• Fraud and dishonesty of employees
• Loss of data and documents
• Breach of Copyright and Intellectual Property Rights to the Limit of Indemnity
• Confidentiality
• Sub Contractors are named insured’s under the policy
• Loss Mitigation Expense
• Unintentional Breach of Contract
• Trade Practice Acts
• Product Re-call Expenses
We can provide limits up to $20,000,000 for both Professional Indemnity and Public Liability insurance.
Call our IT & T specialist Andrew Aitken on 0405 206 842.
Download a fact sheet here.
Download a proposal form here.
Download the policy wording here.
More on Information Technology and Telecommunication Liability Insurance with Brooklyn Underwriting:
Information Technology and Telecommunications (IT&T) companies are facing increasing liability challenges and threats. Even the best managed IT&T companies can find themselves embroiled in legal action from ever demanding customers as the reliance on the products and services provided by IT&T company’s increases.
These liability challenges and threats have increased due to a combination of the following attributes:
• Ever increasing need to speed product to market;
• Increased competition in key product and service markets;
• Increasing customer expectation;
• The need to export products and services to foreign markets;
These threats and challenges are exacerbated by the following:
• Increased outsourcing of systems and data;
• Increase in fixed price long terms contracts;
• Ever increasing consumer protection legislation.
IT&T companies can face financial loss threats from the following sources:
• Due to systems not being delivered within contractual timeframes;
• Due to systems not performing as intended;
• Arising from software development risk even when the contract has not been completed;
• Arising from a breach of a third parties Intellectual Property Rights such as copyright, trademark or register design;
• Arising from loss of data, libel and slander and sub contractors acts.
Brooklyn Underwriting Pty Ltd (“Brooklyn”) has developed a market leading IT&T liability insurance product with Allianz Australia Insurance Ltd (“Allianz”).
Allianz is one of Australia’s leading general insurers. As a Standard & Poors rated AA- global insurer, Allianz selects distributors of their products carefully and have selected Brooklyn as an exclusive distributor and underwriter of the IT&T liability insurance product based on the IT&T underwriting experience of Brooklyn’s personnel.
Brooklyn, being a niche specialist underwriting agency, has a team of leading underwriters who understand the exposures faced by IT&T companies.
Analysis has shown that this new product is unique by offering levels of coverage currently unavailable in a single IT&T liability insurance product from other suppliers of IT & T liability insurance.