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Faced with ever-increasing competition in the technology industry including new risk risks, stricter contracts, relentless technological innovation and ever-changing dimensions of litigation within different geographies, arranging a Professional Indemnity policy for the technology industry requires unparalleled experience and expertise.
Today technology companies have to grapple with additional risks that also arise out of:
Apart from the complexity of risks, claims in this area are complicated and very expensive to defend even if they are baseless or without merit; compounded by the fact that some companies’ size and brand visibility may work to their disadvantage by being perceived as "deep pockets".
Technology Errors and Omissions Insurance covers litigation related risks arising from the insured’s performance in the following areas:
There are numerous Information Technology Errors & Omissions Insurance offerings available in the market, each with subtle but technically important variations in contract, be it insuring agreements, extensions, exclusions, definitions or claims management provisions. Consult your Aon representative to establish the most appropriate risk transfer solution for your company.
Name: Mike Ang
Tel: +65 6221 8222