INSURANCE FOR SOFTWARE DEVELOPERS
AND IT CONSULTANTS
Software Errors and Omissions
Feature: Insures you in the event
of financial loss or damage if the level of consulting
services, installation or integration services you provide
do not meet your customer’s expectations.
Benefit: Commercial General Liability
insurance policies do not typically cover financial
loss resulting from the failure of intangible property.
Intellectual Property Infringement
Feature: Provides insurance for costly
legal services to defend against allegations of copyright,
trademark or patent infringement from specified offenses,
including numeric code theft.
Benefit: Exclusions often exist in
Commercial General Liability insurance policies for
defense and damages for intellectual property.
Guidance on contractual
controls in IT consulting agreements, systems integration
contracts, and software license agreements
Feature: Provides sample wording for
indemnification clauses, hold harmless agreements, limitations
of liability provisions and similar insurance and risk
management related provisions within your contracts.
Benefit: Resolves disagreements with
clients and other parties quickly, with lower expenditures
for legal defense.
Disclaimer: MOODY TECH INSURANCE
and MOODY INSURANCE WORLDWIDE, Inc. is not a qualified
law firm and cannot provide legal consultation or advice.
M O O D Y
T E C H I N S U R A N C E
Christopher Moody II
Toll Free (800) 966-0001 ext 3034