Headley Insurance Services Ltd
  Spacer1
Spacer2

PROFESSIONAL INDEMNITY INSURANCE 

COMPUTER CONSULTANTS

Examples of actual claims made and settled by Insurers.

 

 

It was alleged that there were substantial deficiencies in the design of a software package resulting in the system failing to meet the client’s requirements.

 

£820,000

The Insured designed computer equipment which the client claims does not meet the specification.  The client is claiming for the financial losses incurred.

 

£275,000

 

The client alleged that substantial deficiencies in a computer software system did not allow it to be successfully implemented.

 

£250,000

An employee defrauded the company by embezzling money from various accounts.

 

£200,000

A bingo game designed by the Insured produced too many winners.

 

£160,000

A time recording and management accounting system produced by the Insured failed.  It is alleged that the client incurred losses as a result.

 

£90,000

A data processing error involved addresses of clients’ customers not being added to the master file and it is alleged that the Insured has lost these addresses.

 

£80,000

Wage payments were delayed due to the Insured’s alleged failure to input data in the client’s payroll system.  Some employees went overdrawn and the claim is for their bank charges.

 

£50,000

A management accounting system recommended by the Insured was alleged to be inadequate.

 

£40,000

The Insured designed a program for clients to keep track of their employees’ whereabouts and to record their pay and hours of work.  The clients claim that the program does not meet their requirements.

 

£35,000

The Insured neglected to provide copies of programs, their work did not meet the required standard and time limits were exceeded.

 

£25,000

The Insured designed a system for a client who subsequently alleged that the response time was too slow for his requirements.

 

£25,000

It is alleged that due to errors in a computer system designed by the Insured the client’s products have been under-priced.  A claim has been made for losses suffered over a period of years.

 

£25,000

A share register was maintained by the Insured and a sale was registered against the wrong holder.

 

£16,000

Damages have been claimed for breach of contract arising out of the design and supply of a defective computer software package by the Insured.

 

£15,000

 

Ensure that these claims don't happen to you and your company, please contact us now and we will be happy to advise you on a professional indemnity policy that is tailored specifically for your needs.

We can be contacted by telephone on 01420 594242, or by filling in our On-line Form.

 

 
Headley Insurance Services Limited is authorised and regulated by the Financial Services Authority in respect of general insurance business.
 
| Headley Insurance Services Ltd, William Curtis House, Lenten Street, Alton, Hants GU34 1HH |
| Offices also at: 1551 Wimborne Road, Kinson, Bournemouth BH10 7AZ |
Cobra Network Ltd