Malfunctions or system failures in IT processes can entail substantial losses for the companies affected and potentially even threaten their existence. This could occur, for example, if a technical fault caused by a software update results in business interruption. The management of the company affected could then attempt to hold the IT service provider liable for the losses or damage incurred. Claims for compensation worth millions are not uncommon. As part of its IT Line solution HDI provides special IT liability cover that enables companies to insure against financial loss as well as personal injury and property damage.
HDI IT Line provides insurance cover for a wide range of different damage or loss scenarios. Financial losses can be caused, for example, by corrupted data, production failures or a virus attack on a client’s IT systems due to software roll-out. However personal injury and property damage can also result from IT malfunctions.
IT liability insurance for software and IT service providers that also require extended product liability cover. This solution covers statutory liability claims by third parties due to personal injury, property damage and financial loss.
Benefits of CLIC Plus include:
IT liability insurance for purely IT-related financial losses.
Benefits of CLEO include:
This IT liability insurance solution provides insurance cover for software producers and IT service providers working primarily in commercial, administrative or non-technical areas. A single insured sum provides risk-appropriate insurance cover for personal injury, property damage and financial losses.
Benefits of CLIC.IT include:
Needs-based liability cover for IT service providers and software producers.
Professional claims handling and rapid assistance in the event of a claim.
Claims for compensation can cause you to incur millions in costs if you are held liable for damage or losses resulting from, for example, providing a software update or IT maintenance service. To insure yourself and your company against such risks, why not talk to our experts.