Each insurance company has a slightly different name for their product,however essentially the product is a combined Professional Indemnity andPublic and Products Liability Insurance under the one policy

1. What is Generally Not Covered by
IT Professional Indemnity & Liability
Insurance

2. The Professional Indemnity Insurance Policy generally does not cover:
Assumed Duty or Obligation - Any contractual liability accepted by the
policyholder beyond that which the Common Law would impose.
Related Parties - Claims against any person covered by the policy brought by a
person, firm or corporation who is also covered by the policy or by any entity
controlled by the policyholder or policyholder employee.
Refund of Professional Fees, Cost Guarantees or Trading Debts - Claims
for professional fees, cost guarantees or trading debts.
Known Defects - Claims arising from the sale, supply or distribution of
Information Technology known to the policyholder to be defective or ineffective in
fulfilling the purpose for which it is intended or to perform as specified.
Product Recall - Claims for the cost of withdrawal, recall, inspection, repair,
modification, replacement and loss of use of Information Technology where it is
withdrawn from the market or public use because of a known or suspected
defect, deficiency or inadequacy.
Professional Indemnity Insurance

3. The Liability Insurance Policy generally does not cover:
Faulty Workmanship - Claims for the cost of performing, completing,
correcting or improving any work done or undertaken by the policyholder.
Product Recall and Repair - Claims for compensation for damages that
have been claimed for the withdrawal, inspection, repair, replacement or loss
of use of the policyholder‘s products.
Contractual Liability - Claims for compensation for personal injury or
property damage under any contractual liability assumed by the policyholder
only by agreement unless it would have existed without the agreement or
implied by law.
Information Technology Exclusion - Claims in connection with any
computer virus, or the design of any computer hardware or software.
Liability Insurance

4. While we have exercised due care and skill in preparing this information,
Optimum Insurance Services does not accept any legal responsibility or
liability for negligence or otherwise to you or anyone else who seeks to rely
on this information. This includes, without limitation, loss arising from a
possible failure of the information to comply with statutory or regulatory
requirements or the failure of the information to identify other terms and
conditions beyond those considered in this documen.
It is important that you understand the extent of your policy coverage and
your insurance requirements. Policy coverage is always subject to the terms,
conditions and exclusions of the insurance contract and policy wording
provided by the insurer.
Understand Your Policy Coverage

5. Insurers Policy Wordings
Each insurance company has its own policy wording. This means that
coverage can vary considerably from one insurer to another. It is vital that
you compare each policy based on the appropriateness of cover for your
individual or business needs.

6. Compare Insurance Quotes & Buy Online
To obtain a quotation, enquire online at www.it.optimuminsurance.com.au
As every business is different, we have several options for businesses to
obtain quotations:
• Comparative Quotation – this option is ideal for businesses with under
$2million turnover. You can obtain a quotation specific for your businesses
needs and purchase cover online.
• Online Application – Business’s exceeding to $2million turnover, please
complete the online proposal form. This will enable a quotation to be
provided based on your specific business needs.
In most circumstances we are able to provide an quote over the phone. If
you would like to discuss your needs further, contact us on 1300 739 861.

7. http://www.linkedin.com/company/optimum-insurance
http://www.facebook.com/OptimumInsurance
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https://twitter.com/#!/Optimum_Online
http://www.optimuminsurance.com.au/Blog.aspx
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00198722059770097421/about
Connect With Us on Social Media

8. Contact Us
Phone +61 1300 739 861
Fax +61 1300 732 225
Hours 9.00am to 5.00pm (EST)
Monday – Friday
Email service@optimuminsurance.com.au
Website www.optimuminsurance.com.au
Presentation Disclaimer –– “This material contains general information only and may not suit your
particular circumstances. To decide if a policy is right for you please carefully read the relevant Product
Disclosure Statement (PDS) and/or Policy wording. A copy of the PDS or policy wording is available by
contacting our office on 1300 739 861;”
Disclosure Statement – “Optimum Insurance Services Pty Ltd is a Corporate Authorised
Representative of Insurance Advisernet Australia Pty Ltd (Car No. 291220), Australian Financial Services
Licence No 240549, ABN 15 003 886 687.”