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PremierTech2 - Package Policy

Technology liability insurance for technology businesses

Clients in focus
Clients in focus

Why do technology companies choose Chubb?

As a trusted brand and market leading insurer in Australia, Chubb offers flexible coverage with policies that can be tailored to specific client needs. We have multi-national capabilities to support overseas regulatory requirements. Our Risk Engineering team supports our technology clients to minimise risk exposures and our Cyber Incident Response Service is available, should a cyber incident occur (subject to additional fees). 
20
years of experience with underwriting technology companies in Australia
100+
years of experience handling claims in Australia

Why choose Chubb?

Developed by technology insurance experts

Technology companies face a broad range of first and third party risks as part of their day to day business activity. Our solution is designed by technology insurance experts to cover emerging and increasing risks.

Tailored insurance solutions

PremierTech2 provides a tailored insurance package solution for technology companies, including Technology Professional Liability, first and third-party Cyber Insurance and public and products liability coverages.

Risk management services

PremierTech2 also includes risk management services such as our Cyber Incident Response Service. Our Cyber Services Enrolment offering is a loss mitigation service via a highly qualified vendor panel, should a cyber breach occur. Some services may require additional fees. 

WHO WE SERVE

Chubb insures many types of technology businesses, including:

  • Software developers
  • AI and analytics
  • Process control systems & SCADA
  • Fintech
  • Tech service providers
  • Network service providers 
  • Cloud services
  • Defence contractors
  • IT consultants
  • IT recruitment
  • Electronics, hardware manufacturers
  • Robotics and advanced manufacturing
Coverage Highlights

Learn more about our policy coverage highlights

  • Financial loss arising from a product or service performance failure, including cover for performance based contractual liability, liability assumed in contract and any other civil liability
  • Infringement of intellectual property rights
  • Media act provides cover for the failure to preserve the confidentiality of third party corporate data including client data that might include personal data
  • Incident response expenses for third party notification and forensic remediation following a breach of your computer system and data
  • Privacy liability cover for the failure to handle, manage store, destroy or otherwise control personal data collected by the insured and unintentional privacy policy violations 
  • Network security liability for the introduction of malicious code, ransomware, cryptoware, virus, trojans, worms and logic or time bombs
  • Regulatory investigations or enforcement proceedings expenses, payment card compliance matters 
  • Crisis communications and reputational mitigation expenses subject to prior approval
  • Business interruption cover as a result of a business interruption incident and costs or expenses incurred to remove malware and reconstruct data 
  • Affirmative coverage for widespread events including software supply chain exploits, zero day exploits and severe known vulnerability exploits
  • Bodily injury and property damage claims arising on your premises or out of the products and services you provide

 

The above coverage is subject to full policy terms and conditions, exclusions, limits and deductibles.

cyber
cyber

A sustainable approach to insure cyber risks

To help ensure market stability and provide coverage clarity for our policyholders, Chubb uses two categories to gauge the impact of a cyber event: Limited Impact Events and Widespread Events. But what does this mean for cyber policyholders? 

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