See also "Small Firms IT"
Internet law, e-commerce, computer viruses and copyright infringement all create new challenges for companies operating in the Information Technology sector.

Traditional General Liability and Professional Liability policies do not fully respond to the needs of this industry. However there are companies like Creechurch International Underwriters, for example, who developed an insurance policy for companies in the Information Technology sector that offers broad protection for the various liabilities they face.

• Limits up to $15 million
• Coverage for financial loss arising from product failure or deficiency
• Coverage for financial loss arising from provision of services
• Full worldwide coverage
• Optional Copyright/Trademark Infringement coverage
• Libel and Slander coverage
• Internet related liability coverage
  

  Please call or e-mail for a copy of the policy wording for exact terms and conditions.

  Information Technology includes companies that:
  
• Provide software and/or hardware related consulting services to others
• Design, develop, sell, distribute, install, maintain and repair software and/or hardware
• Are involved in Internet related activities including ASP services, ISP services, design, construction and maintenance of web sites and e-mail services
  
  
  These companies face a wide variety of exposures including:
  
• Product Liability (for financial loss arising from product design error or product failure and for physical injury)
• Liability arising from delay in delivery or other contractual obligations
• Errors and Omissions
• Directors and Officers Liability
• Employment Practices Liability
• Copyright Infringement
• Libel and Slander
• Computer viruses
• Hackers
• Theft and fraudulent use of intellectual property
  

  Another benefit of this type of programme can be the availability of COMMERCIAL GENERAL LIABILITY (CGL) coverage on a standard Occurrence Form, providing the ability to place the CGL and the specialised liability covers with the same insurer.

  This can go along way in helping to eliminate potential gaps in coverage & claims disputes, amongst other problems. Let us know if you have any questions or wish us to provide a no obligation quote. E-mail us or even better, pick up the phone and give us a call!

  "Small Firm Programmes

  There are policies designed specifically for small start-up companies or one/two person firms that do not necessarily need high limits for Errors and Omissions cover, but do require some form of E&O coverage.

  These types of policies are typically designed to provide full package coverage, including a minimum $100,000 E&O Limit.

  Annual premiums for these basic policies are usually under $2,000.00!

  To qualify for such a programme, you typically will need to meet the following:
  
  
• Be an Information Technology Company
• Gross sales/revenues up to $200,000
• 100% of operations in Canada
• Be claims free
  
  
  Typical Coverage Highlights:
  
• Errors and Omissions Limit $100,000
• Commercial General Liability Limit $1,000,000 or $2,000,000
• Property Limit $100,000 (with standard extensions)
  

  When the business grows and higher limits are required in the future, we would then apply for the corresponding 'regular' programme, likely through the same insurer.

  If you have further questions about Information Technology Errors and Omissions insurance, please e-mail us or just give us a call! We're not just a website but real people that still like to talk in person!