|
SecurITy is an insurance solution designed specifically for the IT industry.
Most Professional Indemnity policies only give you cover for claims arising out of the provision of a service. If a court decides that what you have provided is a product, such policies will not provide the vital protection needed.
Could such a situation arise?
It already has. An IT company supplied a community charge administration system for a local authority. Due to an error in the software, the number of taxpayers was overstated and the authority was left out of pocket as a result. During the case, the court said that it thought software should probably be treated as a product for legal purposes - and the IT company lost.
With SecurITy, you're covered whether software is regarded by the law as a product or a service.
back...
|