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Reply to Software Design/International Laibility?     
Old 01-29-2015, 09:36 PM   #1
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Software Design/International Laibility? Software Design/International Laibility?
Hello all,

I have a prospective client that I am hoping someone on here will be able to offer some advice on. My client has designed a software program that is used to control the movement of CNC machines. They build the hardware necessary for the operation of this software ultimately resulting in a "computer" that is plugged into the CNC machine and used to control the machining of a product to required specifications. This completed product(software program) is sold internationally which brings up a concern for their international exposure. Most GL policies will provide coverage in the event of a products liability claim brought against insured when product is sold internationally only if the suit is brought in the specified coverage territory. What happens in the event my insured is involved in a suit in a territory not in the specified coverage territory? Is there a company that you know will provide a true International coverage territory? What companies have you had success placing this type of risk?

Any advice will be greatly appreciated!
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Old 01-30-2015, 09:14 AM   #2
djs
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Software Design/International Laibility? Re: Software Design/International Laibility?
I doubt this will be a standard policy, especially given the risk as soon as you interface to a CNC machine.

Its an interesting question.... wish I could help with an answer.
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Old 02-03-2015, 06:44 AM   #3
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XdateNotSexDate on Software Design/International Laibility?
 
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Software Design/International Laibility?
Not that I have much experience with a risk like this, but I know it's slim pickings for markets- Chubb, Hartford(maybe?), Travelers, Zurich, Chartis. All I can think of with international capability.

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Old 02-03-2015, 04:17 PM   #4
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Software Design/International Laibility? Re: Software Design/International Laibility?
what comes to mind is lloyds

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Eugene Manioukov
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Old 02-10-2015, 02:06 PM   #5
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Software Design/International Laibility? Re: Software Design/International Laibility?
Hannover, AIG, ACE,... look for companies that already have international exposure.
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Old 02-12-2015, 04:20 PM   #6
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Software Design/International Laibility? Re: Software Design/International Laibility?
Originally Posted by EugeneM View Post
what comes to mind is lloyds
I second that. The risk seems to have more exposure that what some standard markets would underwrite.
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