Technology Liability Insurance for Singapore Firms - Delta Insurance Singapore

Technology Liability Insurance protects Technology Product and Service providers against liabilities arising from the provision of those products or services. In particular, it protects for liabilities arising from professional errors and omissions.

With a wealth of local and international experience, Delta Insurance has carefully developed a policy which is specifically designed to respond to the broad needs of modern technology companies in Singapore whether they are providing general consulting services, website design services, hardware distribution, cloud storage services or software services.

Unlike most other policies there is clear coverage for common elements of risk such as Contractual Liability, Project Delays and Cyber Security breaches. In addition, distinct from most other policies, you only need to pay an Excess if you are actually found liable; in the meantime, we will start defending you from day one.

Coverage Benefits

  • 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
  • Costs Exclusive Excess
  • Defence Costs in addition to the Limits
  • Free Pre-Loss Consultation – Please contact us for more details

Capacity

Capacity can be provided up to $25m depending on the coverage requested.

 

Territory/Jurisdiction

Worldwide

 



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