IT professionals

Are you a programmer, project manager, website designer or other IT service provider? Our IT professionals insurance can protect your business. Choose your cover online in just a few easy steps.

Cover designed for IT professionals

CGU’s IT professionals insurance provides insurance protection tailored to the needs IT consultants. Whether you’re a software programmer, website designer, project manager or sell IT software and hardware, our IT professionals insurance offers flexible cover for your business. 

Our IT professionals insurance offers you the flexibility to tailor your package by choosing from four levels of professional indemnity insurance and three levels of broadform liability to suit your business’s specific needs. 

CGU professionals insurance can cover you for:

 

This is a summary only, the full details of what is and is not covered, please read the Information and Communication Technology Liability Policy

Complete cover for your business

Have a business premises, equipment or car you need to protect in addition to your liability and professional indemnity cover?  Our small business insurance can cover you for property damage, equipment breakdown, theft and more. In addition to your IT Professionals Insurance you can also get a quote for Business Insurance to make sure you have all the cover you need.  Need help with your insurance cover?  Just ring one of our business insurance specialists for assistance. 

It professionals insurance FAQs

  • What is broadform liability insurance?

    Broadform liability insurance covers your business for both public and products liability.  This means it protects your business against claims resulting from accidents or injuries that occur as result of your business activities, as well as damage to property owned or controlled by someone else. 

    Broadform liability is a part of our IT professionals insurance product. For more information about this combined cover, please read the Information and Communication Technology Liability Policy.

  • What does broadform liability insurance cover?

    If damage or an accident occurs as a result of your work, the impacted third party may be able to make a claim against your business, which can result in costly legal fees as well as the obligation to pay for the damage or injury you may have caused.

    CGU’s professionals insurance includes broadform liability cover your business for:

    • Legal costs incurred in the defence or settlement of a claim
    • Cover for others that may be acting on behalf of your business when the incident occurred
    • Loss or damage of goods – which are in your care custody or control which you do not own
    • Loss or damage of someone else’s property that occurs while performing your service
    • First aid expenses at the time of an incident
    • Injury to others who sustain injury whilst visiting your premises

    This is a summary only, the full details of what is and is not covered, please read the Information and Communication Technology Liability Policy.

  • How much liability insurance do I need?

    Every business is different, and there is no ‘one size fits all’ rule for how much insurance your business needs. 

    Sometimes the amount of public liability insurance you need will be dictated by the contracts you work on – for example, some corporate and government contracts will stipulate a minimum amount of liability cover.
    CGU offer three levels of broadform liability cover which can be purchased from us directly:

    • $5 million 
    • $10 million
    • $20 million

    Liability claims can be very costly, so it’s important you choose a level of cover that will financially protect your business should you need to make a claim.  

  • What is professional indemnity?

    Professional indemnity insurance provides you and your business with protection against claims for financial loss, bodily/personal injury or property damage arising from an act, error or omission in the performance of professional services.

  • Why do I need professional indemnity insurance?

    If you’re in any kind of profession that gives advice or provides a service, for example: project management, website design, or IT consulting, professional indemnity is a necessity. Your business is your livelihood, so protecting it is paramount.

    On occasion it’s possible in your profession to unintentionally breach privacy or confidentiality, omit information, make an error of judgement or provide the wrong advice. A simple act, error or omission can lead to a claim against your business, therefore making it vital to protect yourself, your business, and reputation.
      
    Professional Indemnity Insurance protects you from bearing the full cost of these claims and disputes, and from the time and resources they consume.
     
    The threat of claims and litigation is very real and can potentially bankrupt businesses, small or large. It may seem like a distant possibility, but legal action often arises from an unforeseen event to completely disrupt businesses

  • What does professional indemnity insurance cover me for?

    CGU professional indemnity insurance covers your business for:

    Some things you're covered for:

    • Civil liabilities including (but not limited to) breach of duty, defamation, loss of or damage to documents, infringement of intellectual property and more
    • Bodily injury and property damage claims arising from the professional services covered by the policy
    • Claims investigation costs (i.e. costs of investigating, defending and settling claims)

    This is a summary only, the full details of what is and is not covered, please read the Information and Communication Technology Liability Policy.

  • What are some of the things professional indemnity insurance doesn’t cover me for?

    Things professional indemnity insurance doesn’t cover you for include:

    • Claims and circumstances known before the period of insurance
    • Intentional damage
    • Insolvency of the insured
    • Contractual liability
    • Terrorism

    This is a summary only, the full details of what is and is not covered, please read the Information and Communication Technology Liability Policy.

  • How much professional indemnity insurance do I need?

    Every business is different, and there is no ‘one size fits all’ rule for how much professional indemnity insurance your business needs. 

    Sometimes the amount of professional indemnity insurance you need will be dictated by the contracts you work on – for example, some clients will require you to hold a minimum amount of professional indemnity insurance to work for them.

    Professional indemnity claims can be very costly, so it is important that you choose a level of cover that will financially protect you and your business should you need to make a claim.

    CGU offers four levels of professional indemnity cover which can be purchased from us directly:

    • $1 million 
    • $2 million
    • $5 million
    • $10 million 
  • What sorts of claims are covered by professional indemnity insurance?

    Some examples of scenarios that might be covered under your professional indemnity insurance would be:

    • An project manager failing to deliver an IT project on time, leading to a financial loss for his client
    • An IT consultant providing incorrect advice which led to a client's business losing money
    • A web designer creating a new logo that was similar to a copyrighted design, which led to legal proceedings against their client

    This are examples only, for the full details of what is and is not covered, please read the Information and Communication Technology Liability Policy.

Understanding professional indemnity

What is defamation?

Find out how professional indemnity insurance helps protect you against defamation claims on the CGU Blog.