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Commercial Business | Technology Insurance | Aon | UK

Commercial Business – Technology Insurance

Understanding the unique challenges within the technology sector

After many years working in the technology sector, Aon recognise the need for specific insurance product solutions that meet the individual needs of technology businesses.

Aon, the UK's largest insurance broker (Insurance Times, August 2013) has partnered with specialist technology insurer Hiscox, to offer a comprehensive package to help reduce any potential gaps in cover - and only take what you need.

You can choose to include the following insurance cover:

  • Buildings and contents including incompatibility of software, property in transit and portable equipment
  • Business interruption including failure of utilities and cyber attack
  • Cancellation and abandonment of events
  • Employer's liability
  • Management liability
  • Personal accident
  • Professional indemnity to help protect you if a claim is brought against you due to a problem with work you have done
  • Public and product liability including overseas personal liability and loss of third-party keys
  • Travel


As part of the professional indemnity product there is a contractual review service conducted by Hiscox technology claims managers, who are qualified solicitors specialising in the technology sector; they can offer important advice on how to contract in order to limit your liability and manage your exposures.

There is also broad and clear breach of contract cover - 57% of IT claims Hiscox handled in 2013 were for alleged breach of contract, so this cover is tailored to give extensive protection for liabilities you assume under contract.

As well as protection for network security and personal data events - cover for claims resulting from transmission of malicious software and the unauthorised acquisition, access, and use or disclosure of personal data is also included.

Demonstrating that your business is resilient against such risks can help turn risk into a competitive advantage.

 

Last updated  12 August 2014

Aon UK Limited is authorised and regulated by the Financial Conduct Authority. FPCORP21

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