Technology Liability Insurance

Delta has specifically designed this policy to respond to the broad needs of modern technology companies that provide consulting services, application and software development, software-as-a-service (SaaS), platform-as-a-service (Paas), cyber security consulting, web design, hardware distribution, cloud services and the like.

Overview

We protect our clients against liabilities arising from professional errors and omissions as well as legal liability for personal injury or property damage caused to other parties. Unlike most other policies, there is clear coverage for common risks such as Contractual Liability, Project Delays and Cyber Security breaches. Also distinct from other policies, our clients only pay an Excess if found liable and we start defending from day one.

Coverage Benefits

Broad Spectrum of Clients from individual SMES to Listed Companies with a Global Footprint

Global Experience & Capability Technical Proficiency with underwriters that have crafted solutions for some of the world's largest technology companies.

Tailored Claims Response

Intellectual Property Extension

Contractual Liability Coverage Protection against warranties or guarantees made.

Mitigation Extension Avoid friction by paying typically uninsured costs to avoid litigation and maintain relationships.

Technology Insurance Specialists One of the most experiences Technology Liability Underwriting and Claims teams in Singapore

Broad Technology Wording Addressing Modern Exposures

Cyber Liability Extension Up to full policy limit

Fee Refund/Contractual Fees Extension Most claims start with a fee dispute

Project Delay Coverage

Coverage Features

Insuring Agreement Broad Errors & Omissions trigger applying to the Professional Indemnity Section.

Contractual Liability Affirmative Breach of Contract cover.

Compensation for Attendance

Claims Preparation Costs

Continuous Cover Applied to prior policy.

Cyber Liability

Defamation

Dishonest or Fraudulent Employees

Emergency Defence Costs

Estate Extension

Extended Reporting Period

Fair Trade Act

Fee Refund/Contractual Fees

Intellectual Property

Joint Ventures and Partnerships

Licensee Intellectual Property Rights

Loss of Information

Loss Mitigation

Marital and Domestic Partner

Patent

Project Delay Coverage

Public Relations Expenses

Quasi-Judicial

Technology Product Recall Costs

Vicarious Liability for Contractors Additional Insured

Any One Claim

Cost Exclusive Excess

Defence Costs in addition to the Limits

Territory /Jurisdiction

Worldwide

Capacity

Up to $25m depending on the coverage requested.

Want to know more?

We’d love to hear from you. Get in touch with us to learn more about Technology Liability Insurance.