From smaller bespoke software houses to global technology giants, they are all in need of robust insurance protection as the professional negligence risks faced by them all are constantly growing.
Software development is one of the major growth areas in the professional indemnity and cyber insurance markets.
The professional indemnity insurance market for software and tech is large, with many insurers and their brokers battling for market share. They all offer policies at different premiums and with subtle but important differences.
So it's important to have some understanding of how this market works to be able to make an informed decision on which product is best for your firm. For competitive quotation either complete a Quote Request form or call us on 0345 251 4000.
Getting a quote for professional indemnity insurance
Professional indemnity insurance for software development is usually purchased from a specialist broker. A good broker will reduce the annual premium cost as well as providing valuable advice and support throughout the insurance period, especially on claims. For a quotation or a discussion you can contact us by phone or complete a quote request form.
The right choice of policy
Professional indemnity is complex commercial insurance. When arranging this cover, most firms will require some tailoring of their policy to ensure it provides exactly the right protection for their business. This may be a small tweak to the policy or something more substantial....things that really matter when a claim occurs. Therefore, buying this type of commercial insurance online is NOT recommended and specialist advice from a broker should always be obtained. Read our guide Why You Need an Insurance Broker.
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 hundreds to millions of pounds, and professional indemnity insurance is there to provide them with vital protection when things don't go according to plan.
Free advice from experts
We arrange professional indemnity insurance protection for a wide range of services in the Software and IT engineering sectors. 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 Avoiding IT Contract Disputes.
Our expertise will underpin your professional indemnity insurance cover and strengthen the protection of your business. Our specialist service includes:
- A competitive premium
- Protection with an 'A' rated insurance company
- Cover tailored to your business
- Cyber insurance options
- Claims management
- Special terms for start-ups
For a discussion or a no-obligation quotation, please call us on 0345 251 4000.