How IT Professionals Can Apply for Fast Liability Insurance Protection

Technology companies and IT professionals represent a relatively new industry that modifies and create large amounts of data assets. These assets are generally highly valuable, and yet, being in digital form, they are in most cases intangible.

It is the combination of high value and no physical presence that makes the data, and the IT professional dealing with the data, difficult for indemnity insurance agencies to insure. There isn’t a major standard in place for insuring digital assets, and so it is extremely important to understand the limits of the insurance policies used.

When an IT professional wants to insure himself against accidental loss of assets, he must know if he is specifically insuring against the entire loss of data, or if the professional liability technology insurance company will merely be covering legal defense costs and a certain settlement.