Small Businesses
Tech Companies
Motor & Fleet

Common industry risks   

Understanding the risks in your industry and how our comprehensive coverage responds to protect your business.

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The Risks

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Risks Response

Directors & Officers

A director or officer faces a formal inquiry or claim over governance decisions, compliance failures or alleged wrongful conduct in the business.

Directors & Officers Insurance may respond to claims and inquiry costs arising from alleged wrongful acts by your directors, officers or managers.

Technology Liability Insurance

A system outage, cyber event or platform failure disrupts your operations and results in claims or losses for your business and clients.

Technology Liability Insurance may respond to claims arising from professional errors, cyber incidents and business interruption losses.

Funds Transfer Fraud

A fraudulent email or spoofed instruction tricks your team into transferring funds to a scammer, resulting in direct financial loss.

Cyber Insurance may respond to losses arising from funds transfer fraud where a fraudulent electronic instruction causes a payment loss.

Cyber Insurance

Unauthorised access to your systems portal exposes customer or employee data and triggers legal and regulatory action.

Cyber Insurance may respond to breach response costs, legal expenses, damages and regulatory penalties arising from a data breach or privacy liability.

Professional Indemnity

A monitoring or control system error causes client loss and a formal dispute over the quality of your professional services.

Professional Indemnity Insurance may respond to claims of alleged negligence or errors in your professional services, including defence costs.

Directors & Officers

The Risks

A director or officer faces a formal inquiry or claim over governance decisions, compliance failures or alleged wrongful conduct in the business.

Risks Response

Directors & Officers Insurance may respond to claims and inquiry costs arising from alleged wrongful acts by your directors, officers or managers.

Technology Liability Insurance

The Risks

A system outage, cyber event or platform failure disrupts your operations and results in claims or losses for your business and clients.

Risks Response

Technology Liability Insurance may respond to claims arising from professional errors, cyber incidents and business interruption losses.

Funds Transfer Fraud

The Risks

A fraudulent email or spoofed instruction tricks your team into transferring funds to a scammer, resulting in direct financial loss.

Risks Response

Cyber Insurance may respond to losses arising from funds transfer fraud where a fraudulent electronic instruction causes a payment loss.

Cyber Insurance

The Risks

Unauthorised access to your systems portal exposes customer or employee data and triggers legal and regulatory action.

Risks Response

Cyber Insurance may respond to breach response costs, legal expenses, damages and regulatory penalties arising from a data breach or privacy liability.

Professional Indemnity

The Risks

A monitoring or control system error causes client loss and a formal dispute over the quality of your professional services.

Risks Response

Professional Indemnity Insurance may respond to claims of alleged negligence or errors in your professional services, including defence costs.

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Important: Scenarios are examples only. Coverage is subject to policy terms, conditions and exclusions. Limits and sub-limits might apply. Policy wordings vary between insurers. Refer to the PDS or Policy Wording for details.

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Businesses covered

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Products

Coverages for CleanTech

Professional Indemnity, Management Liability, and more for CleanTech from leading insurers

Management Liability

Bundled insurance for executives and boards incl D&O, EPL, Statutory Liability and Tax Liability insurance

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IT Liability

Covers Professional Indemnity and Public & Products liability for tech service providers

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Intellectual Property

Covers claims from copyright, patent, and trademark disputes. This can be included in Professional Indemnity insurance

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Cyber & Technology

Includes Professional Indemnity and Cyber & Technology Liability insurance for tech businesses

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Claim examples

CleanTech claim examples

Real-world examples of claims CleanTech businesses may face.

Cyber Incident Impacting Clients
SCENARIO

A cyber attack compromises a green technology platform used to monitor energy usage, exposing client data and disrupting system access. Affected clients claim for losses linked to the data breach and operational downtime.

WHY IT’S COVERED

Claims arising from data breaches, unauthorised access and related privacy incidents may be covered under Cyber & Privacy Liability

Technology Performance Failure
SCENARIO

A clean tech provider designs and configures an energy monitoring system that later fails to deliver accurate data. The client relies on incorrect reporting and suffers financial loss, leading to allegations of professional negligence.

WHY IT’S COVERED

Claims arising from errors, omissions or failures in technology services may be covered under Professional Indemnity Insurance where the insured is legally liable

Damage to Client Property
SCENARIO

While installing renewable energy equipment, mounting hardware is incorrectly secured and causes damage to the client’s roof and internal ceiling. The property owner seeks compensation for repair costs and associated losses.

WHY IT’S COVERED

Accidental damage to third party property caused during insured business activities is typically covered under Public Liability insurance.

Third Party Injury on Site
SCENARIO

During the installation of a solar energy system, a client trips over cabling left temporarily on-site and suffers a leg injury. They require medical treatment and later make a claim against the green tech business for injury-related costs.

WHY IT’S COVERED

Public Liability Insurance may respond to third party injury claims arising from your business premises and operations.

SCEANRIO

A support worker gave a participant the wrong medication due to a mislabeled pillbox. The participant experienced severe drowsiness and dehydration, requiring overnight hospitalization.

WHY IT'S COVERED

Costs included $8,200 for hospital and rehabilitation, $12,500 for legal defence, and a $7,500 settlement to resolve the claim out of court.

Cyber Incident Impacting Clients

SCENARIO

A support worker gave a participant the wrong medication due to a mislabeled pillbox. The participant experienced severe drowsiness and dehydration, requiring overnight hospitalization.

WHY IT’S COVERED

Costs included $8,200 for hospital and rehabilitation, $12,500 for legal defence, and a $7,500 settlement to resolve the claim out of court.

SCENARIO

A support worker gave a participant the wrong medication due to a mislabeled pillbox. The participant experienced severe drowsiness and dehydration, requiring overnight hospitalization.

IS THIS COVERED?

Costs included $8,200 for hospital and rehabilitation, $12,500 for legal defence, and a $7,500 settlement to resolve the claim out of court.

SCEANRIO

A cyber attack compromises a green technology platform used to monitor energy usage, exposing client data and disrupting system access. Affected clients claim for losses linked to the data breach and operational downtime.

IS THIS COVERED?

Claims arising from data breaches, unauthorised access and related privacy incidents may be covered under Cyber & Privacy Liability

Cyber Incident Impacting Clients
SCEANRIO

A clean tech provider designs and configures an energy monitoring system that later fails to deliver accurate data. The client relies on incorrect reporting and suffers financial loss, leading to allegations of professional negligence.

IS THIS COVERED?

Claims arising from errors, omissions or failures in technology services may be covered under Professional Indemnity Insurance where the insured is legally liable

Technology Performance Failure
SCEANRIO

While installing renewable energy equipment, mounting hardware is incorrectly secured and causes damage to the client’s roof and internal ceiling. The property owner seeks compensation for repair costs and associated losses.

IS THIS COVERED?

Accidental damage to third party property caused during insured business activities is typically covered under Public Liability insurance.

Damage to Client Property
SCEANRIO

During the installation of a solar energy system, a client trips over cabling left temporarily on-site and suffers a leg injury. They require medical treatment and later make a claim against the green tech business for injury-related costs.

IS THIS COVERED?

Public Liability Insurance may respond to third party injury claims arising from your business premises and operations.

Third Party Injury on Site
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Important: Scenarios are examples only. Coverage is subject to policy terms, conditions and exclusions. Limits and sub-limits might apply. Policy wordings vary between insurers. Refer to the PDS or Policy Wording for details.

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Benefits

Why businesses trust upcover

Get quotes in minutes, adjust your cover as your business evolves, and lean on expert support to help you make confident insurance decisions.

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FAQs

CleanTech insurance queries

How do I make a claim?

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You should notify your insurer as soon as you become aware of a claim or circumstance that may give rise to a claim which could include a client complaint, you discovering an incident or an allegation of harm. Claims should be made in writing and handled in line with the claims notification requirements which will be outlined in your policy wording.
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How do I make a claim?

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What is a Certificate of Currency?

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A Certificate of Currency is issued by an insurance company and is something you can use as proof that your existing insurance policy is valid. It contains all the information regarding your policy. You may be asked from time to time to prove your insurance - for loans to your business, for landlords of your premises, or for certain clients you might have. The moment you purchase your insurance from upcover you can send your proof of insurance to whoever requires it, at just a click of a button.
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What is a Certificate of Currency?

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How quickly do I need to report an incident to my insurer?

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You should notify your insurer as soon as you become aware of any incident, claim, or circumstance that may give rise to a claim. Professional Indemnity insurance typically operates on a "claims made and notified" basis, meaning both the claim must be made against you AND you must notify the insurer during the active insurance period (or discovery period if applicable). Late notification after policy expiry may not be covered unless you have purchased an extended discovery period. Prompt notification is essential to protect your rights under your insurance.
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How quickly do I need to report an incident to my insurer?

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What is a retroactive date?

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A retroactive date is the earliest date from which a claim can arise and still be covered under your policy. Professional Indemnity and certain other claims-made policies will only respond to claims arising from acts, errors or omissions that occurred on or after the retroactive date listed in your policy schedule. If an incident occurred before your retroactive date, it typically will not be covered even if the claim is made during the current policy period. Maintaining continuous cover without gaps helps protect your retroactive date — check your policy schedule or ask your broker if you are unsure of your retroactive date.
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What is a retroactive date?

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