If you are not sure what technology insurance is, it is a professional liability cover meant for designers, developers, distributors, and professionals working in the technology world either as providers of technology services or technology products. To distinguish between technology services and products, think of examples such as data storage companies and IT support firms versus software developers and hardware manufacturers; the former offer technology services while the latter offer technology products. Technology insurance takes care of both property loss exposures and liabilities resulting from media content, technology products malfunction, network security breaches, and technology services. As a technology services and products provider, you are exposed to various forms of liabilities even in areas you may not be aware of. The most common reasons that lead to it professional liabilities and lawsuits includes but not limited to security flaws in software sot hardware sold to clients, failure to communicate clearly implying that you were trying to withhold critical information, frivolous lawsuits, recommending unqualified and bad employees and experts to clients leading to losses, underperforming below the agreed threshold, failure to deliver as per the contract with the client, trademark and copyright battles concerning various technology features in software and hardware, lost business to adverse media and performance of a service or product, website flaws lawsuits, and network security and data confidentiality issues. In times of need, you can get all the help you need to cover all your IT professional liabilities as explained here bellow.
The first and foremost crucial service a technology insurance company gives you is a cover for website designers. Clients contracting you as a website designer may not be satisfied with the delivered product or services and this may result in a lawsuit. Unhappy clients can sometimes sue you not because you did not deliver as per the contract but simply because they are not happy with the end product and hence you need insurance cover to keep your business protected. The other technology insurance service under website designers is a cover for you as a business if you host clients’ websites. Infringement of client data privacy, copyrights and trademarks are key pain areas for website developers and web hosting companies, and hence you should make sure that you are covered. Look for more information about insurance, visit http://www.ehow.com/personal-finance/insurance/.
If you are a computer programmer, you can also get an insurance cover. Developing applications and games, writing computer algorithms and modifying others, as well as testing and providing support. These tasks are difficult and can easily result into a lawsuit if a system not developed, tested or supported properly. Be sure to learn more here!
Computer stores insurance cover is another kind of insurance offered b IT professional liability covers. Clients often sue computer stores if the devices they purchase are not genuine or are faulty. Clients often face challenges in implementing new technology and hence IT consultants at https://insurancehub.com/business/technology-insurance/ to help, and this may result in a lawsuit and hence need for IT consultant insurance cover.
