Why do ICT consultants need Professional Indemnity Insurance?
ICT consultants, like anyone else who gives to another person advice and/or services of a skilful character according to an established discipline, will be regarded as a ‘professional’. As a ‘professional’ the law requires you to exercise your skill at an appropriate level expected of your profession. But professionals are only human and mistakes do happen. Any financial loss arising from your mistake or failure may result in an award in favour of a third party. You, as a ‘professional’ may also be held to be liable for a mistake even though there was no negligence (i.e. breach of the Trade Practices Act). In today’s litigious society, no ICT consultant can ignore the real possibility that a claim may be brought against them by a disgruntled client during the course of their career. ICT Liability insurance cover combines the benefits of a Professional Indemnity policy with a Broadform Liability insurance policy in a unique policy designed especially for IT consultants. It is designed t
