Information Technology Liability
Web Design & Development
The Insured specialises in customised web design and development. The Insured agreed to develop a specific website solution for a start up, online property auction business being established by the Claimant. The Claimant alleged that various functions of the website did not work and that the Insured did not develop the website, deliver the design, or technical specifications as required. The Claimant sued for loss and damages in excess of $500,000
A settlement sum of $341,000 was reached and with a further $88,600 in legal spend to defend the Insured.
The provision of the claims examples are for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Cover for a claim will depend on the specific circumstances around the loss and would be subject to the terms and conditions of the policy concerned. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained in this email is general only. Coverage for claims on the policy will be determined by the insurer, not BizCover for Brokers, and will depend on the specific facts and circumstances involved.