Are there any activities as a technology provider that are not automatically insured?

Yes. The activities not automatically insured are the ones related to Design or manufacture of hardware (e.g., integrated circuit design, semiconductors, SCADA, computer chips); Digital currencies (cryptocurrencies), credit card and payment service providers; Human medicine, genetic engineering, and pharmaceuticals; Computer, gaming and online games; adult entertainment, social networking; Passenger transportation, autonomous driving, ship controls, traffic control technology, logistics; Land, air, space or water vehicles; Air traffic control or operations; Military, weapons technology; Nuclear facilities; Enterprise resources planning (ERP), customer relationship management (CRM), or supply chain management (SCM) software development; Financial services, blockchain or distributed ledger technology (DLT); IT security solutions (e.g., software/hardware, security operation center, managed security services provider); Software development for taxes, levies or tariffs (e.g. insurance, public transport, telecom, usage based pricing). The insurance cover for this must be checked or agreed individually.

Professional liability for technology providers

Information and telecommunication technology is developing rapidly – and with it the risks for technology providers. You can protect yourself with a custom professional indemnity solution.

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Your benefits

IT applications come with the risk of loss and damages. More often than not, customers who suffer losses claim damages from their technology provider. In these cases, Zurich Professional Indemnity Insurance protects you and your employees from financial consequences.

Broad scope of coverage

Your insurance coverage with Zurich offers comprehensive protection across all the tasks as a technology provider.

Global insurance coverage

You benefit from worldwide insurance coverage through the globally active Zurich Insurance Group, optionally including the USA and Canada.

Reputational damage

Zurich pays the costs for external consultants as a result of an insured loss event in order to mitigate any reputational damage to the insured.

Basic insurance

For common risks

Wrongful acts

For wrongful acts that occur while you are performing a service or manufacturing products.

Example: Defective or faulty software impairs or completely stops your customer's business.

Data privacy

You are covered in case of an infringement of data protection provisions.

Example: Customer data are lost, deleted or damaged in error.

Copyright

In the event of claims due to copyright infringements.

Example: The sale of software without a license being in place.

Various damages

Damage caused by malware, phishing or cyberattacks.

Example: Cyberattack on the customer of a technology provider, resulting from the provider's IT security infrastructure not meeting the current standard.

Extensive additional cover

For industry-specific risks

Insurance coverage for gross negligence
Loss prevention costs
Assumption of costs associated with investigation procedures

Reputational damage
Participation in court proceedings
And much more...

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FAQs

No. Professional indemnity insurance is not a legal requirement for technology providers.

Yes, as part of the insurance coverage, Zurich will also cover defense against invalid claims.

Yes, the legal protection provided for in the professional indemnity insurance is limited to civil liability law in connection with the insured loss event (passive legal protection). Our subsidiary Orion can, for example, offer you assistance in legal disputes that you are facing as an employer or contract partner (active legal protection).

Yes. The scope of insurance also covers claims made against you or (in the event of your death) your surviving dependents, after the end of the contract.

Yes, your work as a technology provider is covered under the insured activity.

Depending on the type of activity, Zurich recommends a sum insured of 500’000 Swiss francs for smaller technology providers and 5 to 10 million Swiss francs for larger technology providers.

Yes. The activities not automatically insured are the ones related to

Design or manufacture of hardware (e.g., integrated circuit design, semiconductors, SCADA, computer chips);
Digital currencies (cryptocurrencies), credit card and payment service providers;
Human medicine, genetic engineering, and pharmaceuticals;
Computer, gaming and online games; adult entertainment, social networking;
Passenger transportation, autonomous driving, ship controls, traffic control technology, logistics;
Land, air, space or water vehicles;
Air traffic control or operations;
Military, weapons technology;
Nuclear facilities;
Enterprise resources planning (ERP), customer relationship management (CRM), or supply chain management (SCM) software development;
Financial services, blockchain or distributed ledger technology (DLT);
IT security solutions (e.g., software/hardware, security operation center, managed security services provider);
Software development for taxes, levies or tariffs (e.g. insurance, public transport, telecom, usage based pricing).

The insurance cover for this must be checked or agreed individually.

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Professional liability for technology providers

Your benefits

Broad scope of coverage

Global insurance coverage

Reputational damage

Basic insurance

Wrongful acts

Data privacy

Copyright

Various damages

Extensive additional cover

More details

Is professional indemnity insurance mandatory?

Will I also get insurance coverage in the event of a loss for which I am not liable?

The benefits of the basic insurance also include legal protection in criminal proceedings. Do I still need separate legal protection insurance?

Does the insurance coverage continue if the policy is canceled due to business closure or death?

Am I also insured in the event that I provide inadequate advice to a customer?

What is the recommended sum insured?

Are there any activities as a technology provider that are not automatically insured?

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