| Product Line: |
Professional Liability |
| Class: |
IT Services Errors and Omissions |
| Contact: |
Stuart Kohn |
| Coverage: |
Coverage for computer and IT services providers. |
| Geography: |
Nationwide |
| Paper & Capacity: |
Gotham Insurance Company
Maximum limits are $5 million. |
| Minimum Deductible/SIRs |
$5,000 |
| Typical Insureds: |
Software Developers
Website Designers
Internet Facilities (Hosting and Development)
Application Service Providers (ASPs)
Internet Service Providers (ISPs) |
| What It Covers: |
Allegations of Negligence
Costs of Defense |
| Underwriting Concerns: |
Gross Revenues
Loss History
Controls & Procedures In Place
Quality of Contracts |
| Tips: |
One way to limit risk is to limit liability to direct damages in client contracts, thereby mitigating liability for consequential and indirect damages. |