Liability Insurance for IT & Software Industry

Liability Insurance for the IT & Software Industry safeguards your business against third-party claims related to bodily injury, property damage, and legal costs. In a sector where client interactions, office visits, and project-based work are routine, one unforeseen incident can result in serious financial setbacks. This policy helps IT companies, SaaS providers, and software developers focus on growth while staying protected from legal trouble that could arise from day-to-day operations.

₹1 Crore cover starting at ₹4,720/year⁺

Safeguard your business against

claims of bodily injury

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Liability Insurance for IT and Software Industry: Inclusions

The Commercial General Liability Insurance for the IT and Software Industry covers 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 covered 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.

Liability Insurance for IT and Software Industry: Add-ons

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

The policyholder may expand the scope of coverage of a 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.

Exclusions Under Liability Insurance for IT & Software Industry

The following are the exclusions of Comprehensive General Liability Insurance for the 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.

The comprehensive general liability policy cannot discharge any contractual liability.

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

Any similar law with regard to Workmen Compensation Insurance 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.

FAQs

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.
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.
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.
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