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Professional Indemnity of IT companies and IT Professionals

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Professional Indemnity of IT companies and IT Professionals

This product is quite unknown on the Bulgarian insurance market.
Globally, it is the standard for a person to have professional indemnity insurance and that is why this type of insurance is yet to become popular. The demand is driven mainly by the requirements of foreign contractors to Bulgarian IT professionals.

The insurance is designed for companies and natural persons working in the IT sector.
What are indemnified are the financial consequences for the Policyholder’s clients upon poor execution of the Policyholder’s work, upon delay in deadlines and upon exceeding execution costs. 

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