Does Your IT Staffing Agency Have The Proper Coverage?
Posted by Tech Insurance Solutions on
Creating an IT department means creating a new business partner and it is important to be aware of the risks involved when the proper insurance coverage is not secured. Contact me for a free review of your current policy to find out where we can make improvements. The scenario below illustrates what can happen when your policy is not fully understood.
Scenario 1: Client: IT customer – IT personnel placement agency
A placement agency specializing in IT personnel was hired to provide computer programming services for an online company.
A simple coding error was made in the programming. As a result, several pages of the website were not accessible. The placement agency was served with a claim for $150,000. The insurance company paid the claim and incurred $50,000 in legal expenses.
WOULD YOUR INSURANCE COMPANY COVER THIS TYPE OF CLAIM?
Our agency has many fine companies that would. We specialize in solving insurance problems for the IT market. Give us an opportunity to solve yours. Email or call Mark Silliman, the #1 tech insurance problem solver at firstname.lastname@example.org or 678-822-0154.