Why do IT Consultants need insurance?
Don’t just insure, be sure
Why Aon for IT Consultants Insurance?
Don't just insure, be sure.
Right type of cover
- Aon arranges Insurance tailored to protect against common risks in the IT Consultants industry
- We help you to understand how your policy protects against the common risks as an IT Consultant
- Competitive premiums thanks to Aon’s scale and influence.
- A team of experienced IT Consultants insurance specialists to help you at every step
- We help you make claims and advocate on your behalf
- Australian based teams.
Easy to manage
- Quotes online or over the phone on 1300 836 028
- Options to take out premium funding loans to pay monthly. Fees and charges will apply
- Adjust your policy any time. Terms and conditions may apply
- Easy renewal management
- Online requests for certificates of insurance.
Rely on Aon’s industry expertise in IT Consultants insurance
Business insurance can be complicated. What you think you’re paying for isn’t always what you get. At Aon, we want you to feel confident you’ve made a smart decision for your business insurance needs.
As SME specialists for IT Consultants insurance, we understand the risks that businesses like yours face and how to insure against them. We know insurance policies and understand that the detail of your policy wording is critical to providing the type of cover your small business needs. That’s why we help you by arranging policies customised for the common risks of your industry.
Our team of Australian-based SME insurance experts are here to support you and your business every step of the way. We’ll give you access to the relevant information required to help you understand the cover options available to you so you can feel more informed about your choice of insurance.
In providing your service, you likely deal with some very sensitive information, and this data may make you a very lucrative target for cyber criminals.
Management Liability is designed to protect you as a business owner and manager against allegations of mismanagement and actions brought by regulatory authorities.1
Cover benefits of Professionals Indemnity Insurance for IT Consultants
Flexible Professional Indemnity cover limits
Choose a level of Professional Indemnity that suits you: $1 million, $2 million, $3 million, $4 million, $5 million, or $10 million with 4 reinstatements.1
Flexible Public and Products Liability cover limits
Choose a level of Public and Product liability that suits you: $5 million, $10 million or $20 million combined Public and Products Liability limit per occurrence and the limit chosen in the aggregate.1
You can be subject to claims for professional wrong-doing even after you retire, cease practising or sell your business. Run-off cover extends your insurance policy for up to 7 years after your business ceases, to respond to claims which arose while the business was operating.1
Unlimited Retroactive Date
You may be covered for claims relating to events that happened before you purchased cover, as long as you weren’t aware of a claim or facts or circumstances which could give rise to a claim before you purchased the policy.1
No excess for certain claims against the Professional Indemnity section.1
Complimentary Legal Consultation
During the Period of Insurance, you’re entitled to 1 hour of free legal advice from the appointed firm and legal practitioner listed in your Schedule, on any matter relating to the Professional Services.1
The policy we arrange extends to cover actions of contractors you engage.
If you use the internet for work, or if you store any client data, you may need Cyber Insurance. This may cover expenses and legal costs associated with a data breach, loss of client information or cyber-attack. Costs can include computer expert services, data recovery, ransom and legal costs.
Do I need to take out separate insurance to cover my employees?
Yes, if you employ staff, you will need to take out Workers Compensation Insurance. You can speak to your state regulator about your needs as coverage and legislation varies between different states.
What if I retire or leave the profession?
Professional Indemnity insurance policies arranged by Aon are ‘Claims made and notified’ policies. This means that the policy only provides cover for claims made against you whilst the policy is in force (subject to policy terms and conditions). If the policy lapses, is not renewed or is cancelled, there is no cover available under the policy for claims made against you after that time
If you plan to retire or leave the professional, you may need to arrange Run-Off cover. Run-off cover provides cover for claims made against you after your current Professional Indemnity policy expires. Run-off cover is NOT automatically provided; you must apply for run-off cover AND be accepted by your insurer in order to have run-off cover apply. If your policy is lapsed, not renewed or cancelled, and you have not applied for run-off cover, you may be uninsured for any claims made against you after your current policy expires, lapses or is cancelled
For example if a client makes a claim against you for an act, error or omission due to that past work performed then the policy you have in place at the time of the claim, not the time of the work will respond.
Consultants Professional Indemnity and Broadform Liability is arranged by Aon Risk Services Australia Limited ABN 17 000 434 720 AFSL 241141 (Aon) as agent for the insurer, Insurance Australia Limited trading as CGU Insurance, ABN 11 000 016 722 AFSL 227681. If you purchase this insurance Aon will receive a commission that is a percentage of the premium. Please let us know if you would like any further information.