Comprehensive General Liability Insurance for IT and Software Industry

A general liability policy protects the policyholder from losses or injuries caused to third parties. In the IT and software industry, customers may be unsatisfied and seek refunds or even sue the company. To mitigate these risks and prevent losses, it's crucial for the IT and software sector to have a comprehensive general liability insurance policy.

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Get ₹5 Crore insurance cover starting at ₹25,000/year⁺

Liability from Product or Service

Property damage or Bodily Injury

Medical & Legal Costs Covered

Get ₹5 crores insurance cover starting at ₹25,000⁺

Liability from Product or Service

Property damage or Bodily Injury

Medical & Legal Costs Covered

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Comprehensive General Liability Insurance for IT and Software Industry: Inclusions

The comprehensive general liability insurance for IT and software industry includes the following risks.

The comprehensive general liability policy offers coverage for the bodily injury suffered by a third party.

Any disability caused to a third party shall be covered under the comprehensive general liability policy.

Any damage to the property of a third party shall be covered under the comprehensive general liability policy.

Any personal injury caused to a third party shall be covered under the comprehensive general liability policy.

Any reputation harm caused to a person due to the advertisement method of the IT sector and software industry shall be concluded under the comprehensive general liability policy.

Any lawsuit shall be settled under the comprehensive general liability policy.

Any cost that arises due to the investigation shall be covered under the comprehensive general liability policy.

Any medical expenses incurred by the third party shall be compensated under the comprehensive general liability policy.

Any settlement arising due to a lawsuit shall be covered under the comprehensive general liability policy.

Comprehensive General Liability Insurance for IT and Software Industry: Exclusions

The following are the exclusions of Comprehensive General Liability Insurance for IT and Software Industry.

Any willful injury inflicted on a party by the policyholder shall not be included under the purview of coverage of the comprehensive general liability policy.

Any contractual liability cannot be discharged by the comprehensive general liability policy.

Any damage related to the workmen's compensation shall only be dealt with under the Workmen Compensation Act.

Any similar law with regard to workmen's compensation shall not be covered under the comprehensive general liability policy.

Any damage to the property of the policyholder shall not be covered under the comprehensive general liability policy.

Comprehensive General Liability Insurance for IT and Software Industry: Add-ons

The policyholder may extend the coverage of existing comprehensive general liability insurance policy by adding the following.

The policyholder may expand the scope of coverage of comprehensive general liability policy by adding unique add-ons.

Medical expenses incurred by a third party for the bodily injury designated at the premises of the policyholder can be covered under the existing policy.

Any reputational injury suffered by a party can also be covered under the existing policy.

Any damage that arises due to pollution can be covered under the same policy.

FAQs

Q: What does 'deliberate' refer to in a comprehensive general liability insurance policy?

Ans: Deliberate refers to the intention of the policyholder to cause harm in order to obtain the appropriate claim. Such actions are excluded from the comprehensive general liability insurance policy.
Q: Does the policy indemnify the policyholder in case of contractual liabilities?

Ans: No, for contractual liabilities, the policy shall be held responsible. He is not entitled to file a claim for such issue.
Q: Can a policyholder file claim in case of a trademark breach?

Ans: The comprehensive general liability insurance policy allows the policyholder to file a claim in case of a trademark breach.
Q: What are the legal expenses covered by the comprehensive general liability insurance policy?
Ans: The following legal expenses can be covered under the liability policy.
- Filing of case
- Judgment of case
- Fee charged by the attorney

Comprehensive General Liability Insurance for IT and Software Industry