Information technology can also be provided
If you need to have a guarantee in relation to the company’s assets, subscribing to information technology insurance or IT insurance is the solution. Insurance companies are well positioned to answer any questions regarding the terms and conditions of IT insurance coverage.
The days of insurance that do not cover the web sector due to a lack of adequate offers are now over. In today’s world, insurance companies now offer insurance policies tailored to the expectations of IT professionals. It is therefore possible to take out insurance for goods of a technological nature.
For example, there is property coverage, which includes all the equipment in the company’s or a professional’s assets. The insurance policy also includes civil liability. This second point includes attacks on physical integrity for which the company is responsible. That is, accidents that have injured other people. Thirdly, there is error and omission insurance. This includes intellectual property infringements, hacking and other types of criminal acts.
In addition, small businesses can also purchase information technology insurance. We can think that only the big brands can afford this type of insurance coverage. However, insurance services are now offering offers that are extended to all purchasing powers.

A non-exhaustive list of points that IT insurance covers
Civil liability
- This point is part of the basic offers offered by insurance companies, whether for the information technology sector or for other sectors. As a reminder, civil liability is used for any damage caused to others or to equipment by the policyholder. To be prepared for all eventualities, it is advisable to determine in advance the limits of what insurers call the real risk. This is essential to protect a company from the consequences of a claim or a lawsuit if necessary.

Executive risks
- Executive risks are guarantees that the managers of a company have in the event of mismanagement, for which they are responsible. In the event of legal proceedings, the insurance policy covers the expenses incurred. Executive risks are rather addressed to the members of the board of directors within a company or to the executive head himself. In insurer jargon, executive risks are also known as “D&O”.

Professional Liability
- Also known as errors and omissions insurance, professional liability covers errors that fall within the scope of professional competence. This may be due to biased advice that has resulted in financial losses for a client. The reason can also be an omission or simply a design error of a particular product or service, such as a programming error. For all these types of professional errors, the insurance policy covers the costs of any legal proceedings. As with executive risks, professional liability is an insurance coverage that corresponds to the needs of a company manager while being adapted for staff further down the hierarchy.
*Text for information purposes only, refer to a broker.
How to insure a computer hardware company?
In today’s ever-changing and highly demanding technology vertical, hardware companies can be exposed to a wide variety of risks that evolve as quickly as new and innovative horizons are discovered. Given this challenging business environment, your best line of defense is to trust a specialized Assur360 broker to proactively manage your risks and ensure that all of your bases are covered, allowing you to focus on what comes next for your business.
Who insures software companies?
What does a software company have in common with an Assur360 broker? We’re both focused on improving performance, all the time. But as you develop innovative software solutions and discover complex solutions on a global scale, your specialized commercial insurance broker focuses on you, locally, while discovering cost-effective solutions to manage your risks now and in the future. Talk to an Assur360 technology assurance specialist today.