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PROFESSIONAL INDEMNITY INSURANCE
COMPUTER CONSULTANTS
Examples of actual claims made and settled by Insurers.
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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.
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£820,000 |
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The Insured designed computer equipment which the client claims does not meet the specification. The client is claiming for the financial losses incurred.
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£275,000 |
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The client alleged that substantial deficiencies in a computer software system did not allow it to be successfully implemented.
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£250,000 |
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An employee defrauded the company by embezzling money from various accounts.
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£200,000 |
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A bingo game designed by the Insured produced too many winners.
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£160,000 |
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A time recording and management accounting system produced by the Insured failed. It is alleged that the client incurred losses as a result.
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£90,000 |
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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.
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£80,000 |
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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.
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£50,000 |
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A management accounting system recommended by the Insured was alleged to be inadequate.
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£40,000 |
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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.
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£35,000 |
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The Insured neglected to provide copies of programs, their work did not meet the required standard and time limits were exceeded.
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£25,000 |
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The Insured designed a system for a client who subsequently alleged that the response time was too slow for his requirements.
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£25,000 |
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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.
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£25,000 |
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A share register was maintained by the Insured and a sale was registered against the wrong holder.
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£16,000 |
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Damages have been claimed for breach of contract arising out of the design and supply of a defective computer software package by the Insured.
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£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. |
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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 | |
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