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As part of its qualified approach to formulating insurance protection, AIG suggests that you consider coverage of professional liability arising from the provision of information technology services

Companies that produce hardware or software, or provide data processing and storage services or online services in the normal course of business face a wide range of business risks. 

The success of any business in Russia is becoming more dependent on the technologies that companies use. This ensures the continued growth of companies operating in various areas of IT. In this economic environment, companies seek to best satisfy the needs of their customers, which in turn increases the risk of errors in the production or service provision process. 

Errors and omissions in the area of high technology may have various consequences—from system failures, to errors in calculations and accounting documents, to the loss of valuable information and data leaks.

Professional liability insurance provides protection for IT companies against errorson the part of the supplier that may cause financial losses to the customer. 

Insurance for IT companies and liability insurance for software developers in the form proposed by AIG gives the policy holder the following benefits:

  • Protection against claims
  • Access to reliable and well-known law firms
  • Access to intermediaries that are able to handle difficult situations
  • Assistance in assessing the damages when settling out of court
  • Protecting the financial state of the company
  • International practice and the possibility of worldwide loss settlement

The insurance policy can be taken out with AIG’s Russian office. Alternatively, if you want coverage for your subsidiaries or branches, you may choose to take it out with AIG Europe. 

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