Employers' Liability Insurance Question

[RichB]

Chaps, I am about to get Employers' Liability Insurance for my company, the UK sub' of a French software development co. I got some online quotes which at £150 p/a seemed cheap - 4 people t/o about £1.0m.

Then in the small print I read several clauses excluding any liability for problems caused by software, problems caused by us at customer sites and any work on mainframes was excluded. Seemed useless given I specifically said we are a s/w firm!

Any recommendations?

[marshalla]

Do you mean your Employer's Liability (to cover your responsibilities to employees), Public Liability (for accidents & injury to 3rd parties) or Professional Indemnity (for work carried out for clients) insurance ?

3 different types of cover and risk.

[RichB]

Ah ha, this was a combined Employers' Liability and Public Liability cover but from the sound of it I also need Professional Indemnity.

To give a few more details, we are 4 people and rarely have customers come to us. The limited company needs cover for its employees and we need cover for potential damage caused when we on customer's sites. Our s/w licence agreement has a limitation of liability clause restricting damages to the value of the software.

Edited by RichB on Thursday 9th April 15:36

[essayer]

RichB said:

Chaps, I am about to get Employers' Liability Insurance for my company, the UK sub' of a French software development co. I got some online quotes which at £150 p/a seemed cheap - 4 people t/o about £1.0m.

Then in the small print I read several clauses excluding any liability for problems caused by software, problems caused by us at customer sites and any work on mainframes was excluded. Seemed useless given I specifically said we are a s/w firm!

Any recommendations?

QDOS are good for IT contractors, reasonably priced (compared to Hiscox anyway)
I pay £95pa for £10m PL/ £2m EL and £186 for PI with a £2m limit

Edited by essayer on Thursday 9th April 15:36

Edited by essayer on Thursday 9th April 15:37

[insurance_jon]

Marshalla is spot on. Public/Employers Liability only covers you for physical injury/damage

[RichB]

essayer said:

RichB said:

Chaps, I am about to get Employers' Liability Insurance for my company, the UK sub' of a French software development co. I got some online quotes which at £150 p/a seemed cheap - 4 people t/o about £1.0m.

Then in the small print I read several clauses excluding any liability for problems caused by software, problems caused by us at customer sites and any work on mainframes was excluded. Seemed useless given I specifically said we are a s/w firm!

Any recommendations?

QDOS are good for IT contractors, reasonably priced (compared to Hiscox anyway)
I pay £95pa for £10m PL/ £2m EL and £186 for PI with a £2m limit

That sounds ideal.