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IT MATCH: Aansprakelijkheidsverzekering voor IT'ers

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Better Safe Than Sorry!
Alles wat je als IT Freelancer moet weten over aansprakelijkheidsverzekering in België!

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IT MATCH: Aansprakelijkheidsverzekering voor IT'ers

  1. 1. Better safe than sorry Freelancer Liability Insurance
  2. 2. On the menu • Certibit • What does LIABILITY mean? • Why take liability insurance? • The right freelancer liability insurance • 7 liability do’s & don’ts for freelancers • Our proposition
  3. 3. Certibit • Founded in 2014 • For IT guys (and girls ofcourse) • By an IT guy • First & only Belgian insurance broker just for ICT: • IT Companies • IT Freelancers • Tech Startups • Our goal: deliver products that stand out by being better tailored and better priced
  4. 4. What does LIABILITY mean? Being liable for something requires 3 elements
 (and I apologize in advance for the gross, but very self-explaining pictures)
  5. 5. 1 – You need a BUG
  6. 6. 2 – You need DAMAGE
  7. 7. 3 – You need to prove CAUSE-EFFECT
  8. 8. 1 – A bug, error, fault, omission, … • Something • YOU did WRONG • YOU forget to DO • YOU didn’t FORESEE • … • YOU didn’t do WRONG (but are ACCUSED of)
  9. 9. 2 – Damage • Bodily injury • Material damage • But also: Financial damage -> ICT Liability • Loss of CLIENTS • Loss of TURNOVER • Increased COSTS • …
  10. 10. 3 – Proven Cause-effect • Bug + damage ≠ LIABILITY • For instance • Bug in functional analysis or business requirements • Agile development: it was a joint effort (who did what?) • Bug + damage + proven cause-effect = LIABILITY
  11. 11. Why take liability insurance? • “It’s a MORAL duty as a professional freelancer…” True, but… • “It protects my assets against claims…” True again, but… • “It’s a contractual obligation and I don’t want to violate the terms of my contract” Indeed. And you’re David and they’re Goliath…
  12. 12. Why take liability insurance? To DEFEND you To PAY for DAMAGES (instead of you) To SEEK COMPENSATION (for your own damages)
  13. 13. The right freelancer liability insurance • Case: You get overexcited during the daily SCRUM meeting: You spill your hot cup of coffee all over the place. • Colleague Tim’s laptop is wasted. • Colleague Jessica has minor burn wounds. • Insurance insight: • Case has nothing to do with ICT liability • But it’s your coffee and your enthousiasm -> you will be held liable • The right freelancer insurance… 
 contains general liability coverage
  14. 14. The right freelancer liability insurance • Case: Prior to a new software release the old servers are replaced by new ones. John asks you to help him make the move. One of the machines slips out of your hands and falls to the floor. • Insurance insight: • Case has nothing to do with ICT liability • But the server was in your ‘safe’ hands • -> you will be held liable • The right freelancer insurance… 
 contains coverage for goods in your custody, care and control
  15. 15. The right freelancer liability insurance • Case: Although well-tested your latest app release 
 appears to miscalculate prices in specific circumstances. 
 It takes 2 years before the mistake is discovered 
 by your client/the customer. The loss in turnover 
 amounts to 350.000 EUR. • Insurance insight: • You made a professional mistake. The software bug was your piece of code. • Maybe certain responsabilities can be retargeted towards the testers? • The right freelancer insurance… 
 contains coverage for your professional liability
  16. 16. The right freelancer liability insurance • Case: To speed up the development process you copy/paste some open-source code you find on the internet. The piece of code does exactly what you need. • Insurance insight: • Your open-source code wasn’t really open source • You could be held liable for (unintended) copyright infringements • The right freelancer insurance… 
 contains coverage for unintended copyright infringement
  17. 17. The right freelancer liability insurance • Case: You have an anti-virus program installed on your laptop. During office hours you are allowed to bring your own laptop and hook it up to the network. A malicious virus is released onto the network through your laptop. • Insurance insight: • The virus is not your work but who’s work is it? • From a legal perspective you are a possible target to reclaim damages • The right freelancer insurance… 
 contains coverage for computervirus claims
 (having taken precautions)
  18. 18. The right freelancer liability insurance • The right freelancer insurance… • Contains general + professional liability + legal assistance • Contains coverage for • Copyright infringement • Slander • Computervirus claims • Internetrelated activities • Contains a correct & precise description of your activities • Is – if necessary - tailored to your specific activity • ESSENTIAL: Makes the difference in CLAIMS MGMT
  19. 19. 7 Liability do(nt)’s for freelancers • Make sure your policy exactly depicts your ICT activities • Stay within timing and/or budget • Buy sufficient insured capital Do!
  20. 20. 7 Liability do(nt)’s for freelancers • Sign contracts with aggravated liability (eg. sanction clauses) • Take on a job for which you are not suitable • Commit to more than best-effort • Step into a David vs. Goliath relationship without insuranceDon’t!
  21. 21. Our proposition for freelancers • All-in-one package • Including IPR infringement, slander, … • Specificly designed for freelancers • No extra premium for project managers, 
 IT managers, lead architects, … • Easy • Fixed price for turnover < 250.000 EUR • Simple, straightforward questionaire IT Freelancers Pricing (vs. insured capital professional liability) 250.000 EUR 500.000 EUR 1.000.000 EUR 409 EUR 491 EUR 655 EUR
  22. 22. Questions? Let’s talk! • Office: Noordlaan 109 – 9200 Dendermonde • Business area: Belgium • Call: 052/22.12.32 • Mail: steven@certibit.be • Browse: www.certibit.be • Come and find us on: Facebook, Twitter & LinkedIn

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