Businesses and individuals involved in the design of software and related industries are now arguably the largest buyers of professional indemnity insurance. The number of policyholders is estimated at between 150,000 - 200,000.
From small freelance contractors to global software and technology giants, they all need insurance protection as the professional risks faced by companies in software and IT services are constantly growing.
Recognising the market growth, many professional indemnity insurers now target the software sector and so we have a range of excellent products to suit your needs.
Why you need professional indemnity insurance
The need to keep pace with change has driven all modern day organisations to use increasingly complex technology for their business solutions. Their reliance on these systems and services means bigger problems - and bigger claims against the software providers.
Professional indemnity claims against IT and Software firms range from £ 100s to £ millions and professional indemnity insurance is there to provide them with vital protection when things don't go according to plan.
The right choice of policy
Professional indemnity insurance covering software engineering is a complex area and getting it right is important if you want to secure the best premium and more importantly, the correct policy for your type of business. Just because a smart looking policy document might say 'Professional Indemnity Insurance for IT and Software Firms' on it's cover, it certainly doesn't means it's suitable for every type of IT and Software business. Read our guide Why You Need A Insurance Broker.
Free advice from experts
Get some free expert advice. We arrange professional indemnity insurance protection for a wide range of services in the IT and Software engineering sector. These include software designers, cloud services, network security, cyber protection, social media, email and desk-top support services etc etc. It's a long list.
Read our guide on How to Avoiding IT Contract Disputes.
Our expertise will underpin your professional indemnity insurance cover and strengthen the protection of your business. Our specialist service includes:
- Low premiums
- 'A' grade insurance companies
- Tailored cover
- Claims management
- Discounts for new-start firms
For a chat or a no-obligation quote, please call us on 0345 251 4000 or email firstname.lastname@example.org.