ACS Complimentary Liability Insurance

^Highlights

• In the event your advice or work cause damage to hardware, software or systems or injury to a third party, you may become liable for damages – placing your business, your reputation and even your home at risk. 
• Liability insurance can protect you but often costs thousands of dollars per year. Or, if you’re contracting and your contract provider covers you under their insurance, they may take a percentage of your fee.

If you’re an IT contractor, running your own small business or an employee with a side hustle, you must have adequate liability insurance coverage to protect you and your business from financial losses.

Should your advice or work cause damage to hardware, software or systems or injury to a third party, for example, then you may be sued and liable for damages.

Being sued would impact your finances, your business and your reputation. Your livelihood and your home would also be at risk.

Liability insurance can protect you against financial losses but it can cost you thousands of dollars each year.

Or, if you’re contracting and relying on your contract provider to cover you under their insurance, they will usually take a percentage – commonly one or two per cent – of your fees.

Arranging the appropriate business insurance is bewildering. There is a plethora of providers, types and different values of cover. Who can you trust to give you fair, unbiased advice?

In contrast, ACS offers a complimentary liability insurance package for all eligible members¹ that covers:

• professional liability – coverage of $10 million, and

• public liability and product liability – coverage of $20 million.

Members can download the Insurance Certificate of Currency and Product Disclosure Statements by logging in to the ACS website here.

¹ Conditions apply.  For further information, see https://www.acs.org.au/professionalrecognition/ict-liability-insurance.html.