Insurance made simple


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August 17, 2015

IT Consultant

JAVA Programmer, Computer or TELECO Engineer, SAP Business Suite Project Manager, technicians, web designers, software developers … are examples of roles required by job search portals in August 2015. IT consultant is a profession on the rise in the labour market, which is not risk-free and therefore requires increasingly specialized protection. Furthermore, the customers of IT consultants’ services are becoming increasingly better informed and more demanding.

It could happen, for example in the case of a developer of software for third parties, that the company that hired the services refuses to pay after being provided with them, by alleging that the final outcome didn’t meet its expectations. At this point, the consultant will have to at least defend himself, and at worst pay an indemnity to the client – both of which can be very costly.

A computer glitch in the redesigning of a database for another company, resulting in data loss, or a failure in the maintenance and updating of a website that leads to temporary vulnerability, can also cause problems to the IT professional, who could be sued by his/her client. Or the failure of a server leaves the customer out of service in peak business time and consequently the customer sues the consultant…

Professional Indemnity exists precisely to face such situations. IT consultants can make mistakes; they may be victims of fraudulent actions by their own employees; they may unintentionally lose some documents or information, suffer claims for infringing the intellectual property rights, they may unintentionally violate any of the terms of the contract, or could become victims of the vulnerabilities of technology, which is constantly evolving and changing…

Protection is necessary. A professional Indemnity policy can be bought from € 400/ year, a small amount compared with the expenses which professionals may face as a result of unhappy customers or a claim.

You can find further information here.

Professional Indemnity
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