Technology Liability Insurance
Delta has specifically designed this policy to respond to the broad needs of modern technology companies that provide consulting services, application and software development, software-as-a-service (SaaS), platform-as-a-service (Paas), cyber security consulting, web design, hardware distribution, cloud services and the like.
Technology Liability Insurance
Overview
We protect our clients against liabilities arising from professional errors and omissions as well as legal liability for personal injury or property damage caused to other parties. Unlike most other policies, there is clear coverage for common risks such as Contractual Liability, Project Delays and Cyber Security breaches. Also distinct from other policies, our clients only pay an Excess if found liable and we start defending from day one.
Coverage Benefits
Broad Spectrum of Clients from individual SMES to Listed Companies with a Global Footprint
Global Experience & Capability Technical Proficiency with underwriters that have crafted solutions for some of the world's largest technology companies.
Tailored Claims Response
Intellectual Property Extension
Contractual Liability Coverage Protection against warranties or guarantees made.
Mitigation Extension Avoid friction by paying typically uninsured costs to avoid litigation and maintain relationships.
Technology Insurance Specialists One of the most experiences Technology Liability Underwriting and Claims teams in Singapore
Broad Technology Wording Addressing Modern Exposures
Cyber Liability Extension Up to full policy limit
Fee Refund/Contractual Fees Extension Most claims start with a fee dispute
Project Delay Coverage
Coverage Features
Insuring Agreement Broad Errors & Omissions trigger applying to the Professional Indemnity Section.
Contractual Liability Affirmative Breach of Contract cover.
Compensation for Attendance
Claims Preparation Costs
Continuous Cover Applied to prior policy.
Cyber Liability
Defamation
Dishonest or Fraudulent Employees
Emergency Defence Costs
Estate Extension
Extended Reporting Period
Fair Trade Act
Fee Refund/Contractual Fees
Intellectual Property
Joint Ventures and Partnerships
Licensee Intellectual Property Rights
Loss of Information
Loss Mitigation
Marital and Domestic Partner
Patent
Project Delay Coverage
Public Relations Expenses
Quasi-Judicial
Technology Product Recall Costs
Vicarious Liability for Contractors Additional Insured
Any One Claim
Cost Exclusive Excess
Defence Costs in addition to the Limits
Territory /Jurisdiction
Worldwide
Capacity
Up to $25m depending on the coverage requested.
