Description
Benefits
- Litigation support to defend against claims – legal costs. Disputes burn a lot of resources and time. Whether the claim is valid or not, investigating the incident, writing letters, filing defences in court, negotiating the amount of compensation – you will be able to hire a lawyer to do it all, as the insurance reimburses the costs of legal defence.
- Top-notch, reliable insurance cover from Lloyd’s – the world’s best-known insurance organisation. Customers will be assured that even in the worst case scenario, their reasonable losses will be compensated.
- Insurance to help you enter foreign markets. Our insurance cover is acceptable to overseas customers.
- Business continuity – balance sheet protection.
- IT operations are at increased risk (a single event can potentially cause significant losses to your customers) because you offer IT services whose outcome and quality is critical to your customers’ business, operations
- You handle large volumes of data, the loss or leakage of which could have significant consequences.
Insurance cover
Consequences of legal action from your clients for compensation for loss of marks due to inadequate services
Without insurance | With Insurance |
|---|---|
| Whether the claim is valid or not, you need to investigate the incident, write letters, file defences with the court, attend court hearings, negotiate the compensation amount | You will be able to hire a lawyer to do this, as the insurance covers the costs of legal defence. |
| Seizure of accounts, freezing of working capital and business interruption if requested by the claimant and approved by the court as interim measures | The Professional Indemnity Insurance policy submitted to the court is an argument not to apply the attachment, because if the liability of the IT company is proven, the insurance company will compensate for the loss. |
| Disputes burn up a lot of resources and time, leading to a lack of resources to take on new orders and the termination of contracts with old customers | The company’s business is not brought to a standstill because the dispute is being handled by lawyers hired from outside the company, while the employees work on their jobs. |
