Why Having Professional Indemnity Insurance Matters in the IT Industry
In today’s tech-driven world, if you offer IT services then you will find incredible opportunities as well as significant responsibilities. At Roweb, we take our commitments to clients seriously, and that’s why we’re backed by a robust Professional Indemnity Insurance tailored for technology companies.
This type of insurance, also known as Errors & Omissions (E&O) or Professional Liability Insurance, protects us from financial losses. It also protects all of our clients from financial losses that are caused by professional mistakes.It provides peace of mind that if something doesn’t go as planned, we have a safety net in place.
What Does Our Coverage Include?
Here’s a quick overview of what our professional liability insurance covers:
- Errors and omissions in delivering software or services (like bugs or failed functionalities that can cause financial loss).
- Unintentional breach of contract, such as missed deadlines or not meeting agreed specifications.
- Compromised or lost client data, when the incident originates from our systems.
- Intellectual property rights issues and unintended copyright/trademark conflicts.
- Cybersecurity threats, privacy breaches, and related incident response support.
- Costs for legal defense and potential compensation in covered scenarios.
- Protection against acts of employee dishonesty impacting our clients.
In some cases, even withheld project fees can be reimbursed to avoid bigger disputes.
Why This Matters to You as a Client
This insurance doesn’t just protect us, it’s a guarantee of reliability for you. It reflects our commitment to:
- Delivering services responsibly and securely.
- Taking proactive steps in case something goes wrong.
- Protecting your business from avoidable risks associated with third-party IT vendors.
Added Cyber Protection
Our coverage, past classic professional liability, also includes cyber incident response tools—from dark web monitoring to phishing simulations and expert-led threat analysis.These services help us stay ahead of emerging threats and act fast in case of a breach.
