In any relationship it's important to "click" and the new Technology Insurance Package for NZCS Members does just that.

When you're a contractor or running your own business, insurance has to be as simple and straightforward as possible and the new NZCS Liability Programme range is just that.

And with the NZCS programme, as you grow your policy grows with you with a multitude of flexible options. Now you have the freedom to choose the level and type of cover you want at an absolutely unprecedented cost - you really can have your cake and eat it too.

Why do you need insurance?

Working for yourself can be hugely rewarding, but it's not without its risks.

Mistakes at work could prove costly, damage your business, your reputation and put your livelihood at risk. And maybe you'll get away with putting the mistake right – but if your client can demonstrate that your mistake caused them financial loss (from unrealised revenues or damage to reputation) you could be faced with the kind of claim that could put you out of business (including footing the bill for legal costs).

Even worse, defending a claim can be hugely expensive whether you're in the wrong or not.

With the new NZCS Liability Programme now available at a hugely reduced premium there's simply no need to unnecessarily risk your business, livelihood or reputation.

The NZCS Liability Package

The Society's Technology Insurance Package is designed to meet the needs of IT Contractors and small companies alike, and contains the following components:

1. Professional Indemnity (Covering errors and omissions in advice or work)
2. Public Liability (Accidental injury or property damage)
3. Statutory Liability (Defending against breach of statute, legislation, or act of parliament)

The NZCS package also covers work outside New Zealand - everywhere except USA and Canada.

The programme works in a number of ways:

• If a mistake is made, it will help cover you for any damages you then become liable for, subject to the level of cover you have chosen. It also helps to fix any mistake on your part so there is not as much loss, financially or even legally.
• Even if you have done nothing wrong, but a client alleges negligence on your part, the policy will still protect you and pay the legal costs in defending you.
• Public Liability covers you for property damage or bodily injury you cause while on your client's site – typically we think of spilling liquid on a clients computer that goes up in pretty white smoke, or an accident caused by your "stuff" that you left lying around.
• Statutory cover is also included providing cover for the legal costs and expenses to defend yourself against an unintentional breach of Statute, Regulation or Act of Parliament.
• Other benefits include retroactive cover, worldwide cover (excluding USA and Canada), sub contractor cover, low excesses ($2,000 for PI and $500 for PL and SL) and an automatic reinstatement on the Professional Indemnity section, all with a simple online application form that takes 5 minutes to complete.

As well as offering quality cover, you get a quick, hassle free service where quotations and cover can easily be arranged within 24 hours.

Please see the brochure for more information.

So what does it cost?

Cost depends on a number of factors. The following is an indication only, and may be different depending on your individual circumstances (please see below for the main reasons premiums are higher than listed here).

NZCS Members who are ITCP Certified
ITCP Certified Professionals are those that have been independently accredited by NZCS as meeting the professional standards expected of senior ICT Professionals. Those with ITCP Certification represent a lower risk for insurers meaning a lower premium:

Annual Turnover	$1M Cover	$2M Cover	> $2M Cover	Excesses
$0-$250k	$295 pa	$375 pa	Contact us	$2000 PI, $500 SL and PL
$250k-$500k	$395 pa	$475 pa	Contact us	$2000 PI, $500 SL and PL
> $500k	Contact us

All prices exclude GST

NZCS Members without ITCP Certification
NZCS Members without ITCP Certification are still eligible for the package at a hugely reduced rate:

Annual Turnover	$1M Cover	$2M Cover	> $2M Cover	Excesses
$0-$250k	$395 pa	$475 pa	Contact us	$2000 PI, $500 SL and PL
$250k-$500k	$495 pa	$575 pa	Contact us	$2000 PI, $500 SL and PL
> $500k	Contact us

All prices exclude GST

Eligibility for the Technology Liability Package

Any individual (or via their own company) that is a Member or Corporate Partner of the NZCS that performs an IT role whether it be directly to a client or through a recruitment agency and that has no more than has no more than five staff and/or Directors.

Only NZCS members are eligible for the package, no exceptions. Corporate Partners are also eligible if they meet the same turnover and staff requirements.

Members and Corporate Partners exceeding the maximum turnover or with more than 5 Staff or Directors are more than welcome to inquire about the Corporate Technology Liability Package, including a 10% NZCS discount off the quoted premium.

What if you were part of the previous group policy?

You'll need to decide whether to transfer to the new policy or continue with the old policy.

The new NZCS policy includes free retroactive cover, meaning that in most circumstances claims that emerge now from previous work are covered. It's also broader and has considerably lower premiums and excesses than the old policy. The new programme is recommended and endorsed by NZCS.

Transferring is easy - simply download this form and email or fax it back and you'll be transferred in no time.

You can view details of the old group policy here. This policy is still available if this is your preference.

Additional Premiums

The following referral criteria means that an additional premium may apply or further underwriting may be required:

• Prior Claims
• Turnover in excess of $500,000
• Involvement in the sale, supply, installation or manufacture of goods/services within the Medical, Financial or Aviation Industry or if you are involved in Network Security
• Project Managers

Is the policy from a reputable provider?

The NZCS Liability Package is underwritten by Chartis New Zealand, one of the largest insurance underwriters in the world. Chartis has a Standard & Poor's insurer rating of A+ (strong).

The programme is provided and managed by i2i Insurance Broking Ltd for NZCS.

Need more information?

The programme is brokered, provided and administered by i2i Insurance Broking Ltd, and all enquiries should be directed to them. Please email insurance@nzcs.org.nz or call Kirsty Young on 04 479-5378.

You can also download the brochure for more information.

(Or download and return the Application Form to i2i Insurance Broking Ltd)