Tech companies and IT professionals need General Liability to provide coverage for claims or lawsuits for negligence alleging bodily injury, property damage, personal injury, and advertising injury.
Many General Liability policy forms have an exclusion which takes away coverage for a laundry list of professional services including legal, accounting, architectural, engineering, medical, health care and computer consulting, design, or programming services including web site design.
Obviously, this presents a problem for tech compaines or IT professionals seeking General Liability coverage. But, the problem can be solved by an insurance professional who specializes in insuring tech and IT risks.
Carriers like The Hartford can add eliminate this harmful Professional Services exclusion by endorsing the policy to add back coverage for tech professional services. Hartford has a special endorsement entitled “Technology Services Coverage” for this purpose.
Tech Professionals with General Liability Carriers that don’t address the Professional Services Exclusion with a buyback endorsement may find needed coverage under a Professional Liability policy that offers a Contingent Bodily Injury / Property Damage endorsement.
Be sure to avoid these types of problems by dealing with a tech insurance specialist.
