Technology > Information Technology Professionals in Small Firms


Information Technology Professionals in Small Firms 


Information technology (IT) professionals today face unprecedented pressures for specialized services and corporate asset protection in companies of all sizes. ENCON’s liability insurance program for IT professionals in small firms protects against allegations of wrongful acts in the provision of their products or services, including infringement, security breach, privacy breach and data personal injury.

Eligibility

Coverage is available for individuals or companies providing professional services with annual fees of $1,000,000 or less:

  • Computer consultants
  • Custom programmers
  • Data processors
  • Software developers
  • System integrators
  • Value-added resellers
  • Web designers
  • And other IT businesses

 

Coverage Details

  • Policy Form – The insurance is written on a claims-made basis
  • Policy Period – Annual policies and multi-year policies available
  • Capacity – Limits starting from $100,000 up to $2,000,000
  • Deductible – $1,000 per claim; maximum annual aggregate deductible of $2,000 
  • Territory – Services rendered worldwide

Policy Features

  • Broad definition of insured services
  • Intellectual property infringement coverage (copyright, trademark, trade name, service mark, trade dress or trade secret), up to a maximum of $500,000 
  • Security breach, Privacy breach and Data Personal Injury coverage
  • Duty to defend
  • First dollar defence coverage (deductible does not apply to defence costs)
  • Defence costs in excess of the limits available
  • Split damages deductible
  • Coverage for subcontractors
  • Coverage for bodily injury and property damage arising from professional services
  • Coverage for liability against damages resulting from criminal acts committed by a rogue employee
  • Coverage for claims made against the Insured by their employees in the event of a Privacy breach
  • Coverage for delay in the performance of a contract or agreement resulting from a wrongful act
  • Coverage for remediation costs
  • Coverage relating to Indemnity contracts
  • 60-day basic extended reporting period
  • Optional extended reporting period for up to three years

Additional Coverages Available

Submission Requirements