Liability cover that grows with your IT/ICT world

For a specialist in IT/ICT insurance, this is probably one of the most exciting – and at the same time riskiest – periods: the advance of AI, cloud-based projects and increasingly complex service contracts are creating liability traps that go far beyond classic general liability insurance. The current article “Net IT by Hiscox – Das leistet die neue IT-Haftpflichtversicherung” (what the new IT liability insurance offers) addresses exactly this: a product that explicitly integrates AI risks, project delays, international cover, domain protection, key-person cover and more.

For your company with ≈ 10-100 employees, this specifically means:

Your company develops or implements IT/ICT solutions – often involving AI, project delivery and an international dimension. That means: contractual risks, malfunctions, delays, data loss or copyright – all potential sources of liability.
The solution has to grow with you: not static for a freelancer situation, but scalable for growth, increasing turnover and possibly new business areas. The article mentions a turnover limit for the product in question that has been raised from 3 to 5 Mio. € – an indication that growth need not be an obstacle.
You benefit if your cover does not just offer standard protection but is specifically tailored to your industry – e.g. AI applications, worldwide consulting services, domain protection, delay damage.

We offer to analyse your current insurance and risk situation together with you – with a view to your specific requirements as an IT/ICT company – and with a clear recommendation of what modern liability and risk protection should look like.
Let's arrange an appointment for a no-obligation conversation – I look forward to understanding your risks and covering them precisely.

this text was read on online pages and summarised with AI (Copilot/ChatGPT)