Information & Communication Technology

The information communications technology (ICT) industry is evolving at an exponential rate. Businesses are continuing to rely more and more on technology to operate on a day-to-day basis.

Heightened dependence on technology and an increase in industry red tape has seen your potential risk exposures and their intricacies grow.

Whitbread understand that with the demands of your business, time can be scarce and deciphering the complexities of your insurance needs is a burden you can do without.

Insurance and risk is our area of expertise. We can develop an insurance and risk solution that tackles your specific exposures, giving you time to focus on growing a strong business for the future.

There are a number of risks inherent to the ICT industry. Information Technology Liability insurance has been developed specifically to address these risks:

Contract breach – Failure to perform or complete work as set out in a contract can see you held liable and exposed to pay damages that can reach into hundreds of thousands of dollars.
Product recall – cover for the enormous expenses associated with product recall for products that may cause physical harm to the users
Professional Indemnity – this covers legal expenses and compensation owed to a client if you are found liable for financial loss as a result your professional advice or paid service

E.g. a programming error in software you developed for a client meant they were unable to trade and subsequently suffered huge financial loss in income.

Although your industry is highly specialised, you will still have a number of basic exposures to protect like many other firms.

Property - loss or damage to your building or contents
Electronic equipment breakdown
Public and Products Liability
Loss of income
Management Liability
General property – i.e. phones, laptops, tablets

We will partner and work closely with you to understand the inner workings of your business, and develop a risk solution that takes away the stress and builds a more certain future for you.

We specialise in: