Professional Liability Insurance for IT Contractors – E & O Insurance
Professional Liability insurance, or Errors & Omissions Liability Insurance, can help protect IT contractors and your business against claims made by your clients that are not covered by general liability insurance. As an IT Contractor, Professional Liability coverage can include risks such as copyright infringement (even if it’s accidental), unexpected software failure and breaching confidentiality. Whether it’s the client believing you gave them bad advice OR SOMETHING ELSE; Professional Liability insurance will help protect you.
Applicable Types of Scenarios for IT Contractors
- When installing software to set up workstations, you unintentionally infringe on an IP of a 3rd party.
Unexpected software failure
- You install or develop software for a client and it inexplicably crashes with the use of a command.
- Software you install cannot complete a specific task that it usually does.
- While working on your client’s infrastructure, to explain a concept you accidentally reveal confidential information.