If you are providing App Developer services you face a variety of risks and potential threats that could lead to a claim for compensation from your clients or any third parties as a result of problems with your work.
It is crucial therefore to have in place a very specific insurance policy that will respond and make sure that you can continue to work and develop your business.
Most standard insurance contracts for App Developers are outdated and not specific enough for the modern era and that is why you need a strong and robust set of covers to protect your technology business.
So what can we offer? ...
In addition to providing PROPERTY and CONTENTS covers, we can also provide
LEGAL LIABILITY protection and
BUSINESS INTERRUPTION covers that link up with
CYBER and DATA RISKS.
Put all that with PROFESSIONAL RISKS cover in on package and you have an excellent solution.
Professional Risks for App Developers
Once a claim is made, then the policy will respond and will also pay your legal defense costs (upon agreement with the insurers) - the types of cover that the policy can offer are:
breach of any contract between you and your client, including reasonable compensatory payments, where the claim is brought by your client;
infringement of intellectual property rights like copyright or trademark;
negligence or breach of duty: if you fail in a duty of care to your client, perhaps giving incorrect advice or making a mistake in your work;
defamation: libel and slander;
work undertaken on your behalf by sub-contractors or outsourcers. However, we reserve the right to recover losses from your sub-contractors or outsourcers;
dishonesty of your employees, sub-contractors, and outsourcers;
any other civil liability: this means that if a claim or loss occurs because of your business activities and we haven’t specifically excluded it and it’s not a criminal prosecution, it’s covered;
network security and personal data events, including the transmission of a computer virus, denial of service attacks and unauthorized use or disclosure of personal or confidential corporate data.
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