Information Technology Liability Insurance
Professional Indemnity limits from $500k to $20m
Professional Indemnity limits from $500k to $20m
Public Liability limits up to $20m
Monthly payment option available
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What is Information Technology Liability insurance?
Information Technology Liability insurance provides cover in the event the IT advice, service or products you supply your clients fails. It’s a combined policy that offers the protection of both Professional Indemnity and Public and Products Liability insurances.
Information Technology Liability insurance designed to give you peace of mind, addressing the potential overlap of the professional services and products you supply to your clients as an IT professional.
What does Information Technology Liability insurance cover?
Negligent acts or omissions in the provision of professional services or advice.
Third-party injuries or property damage as a result of negligent business activities.
Third-party injuries or property damage caused by products.
Costs incurred in investigating and defending a covered claim
- Medical / surgical applications
- Aerospace / radar navigation systems
- Share trading or other financial transactions or calculations
- Security systems
- Military / defence
- Oil, Gas, Power, Nuclear applications
- Process control
- Console, mobile or PC games
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How much does Information Technology Liability insurance cost?
Information Technology Liability insurance costs $83 per month* on average for BizCover customers, but every business is unique.
The cost of a policy varies based on your business’ revenue, IT services offered, contractual agreements and other factors.
How is the cost of insurance calculated?
Risks of the industry
Cover level amount
Annual turnover
Number of employees
Claims history
*Customer Average Monthly Payment Report is based on 1 July 2023 to Jun 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Click here to check industry wise average prices
Get cover that works with the risks of your business
You can select from different levels of cover.
This is the most you will be paid out if you need to make a claim. Choosing different cover levels may impact the cost of your policy.
Unsure how much to choose? Think about:
Business size
Cover required by contracts
Types of IT services offered
Business revenue
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
Factors influencing cost
Business size
Cover required by contracts
Types of IT services offered
Business revenue
Worst case scenario claim size
*Customer Average Monthly Payment Report is based on 1 July 2023 to Jun 2024 and presented as a guide only. It may not reflect pricing for your particular business, as individual criteria will apply.
Click here to check industry wise average prices
Get cover that works with the risks of your business
You can select different levels of cover to suit your needs.
This is the most you will be paid out if you need to make a claim. Choosing different cover levels may impact the cost of your policy.
Unsure how much to choose? Think about:
Statutory professional requirements
Cover required by contracts or commercial lease
Number of employees being covered
Worst case scenario claim size
Underinsurance
We know it’s tempting to select a lower level of cover to reduce premiums, but this can leave businesses shocked and insufficiently covered when making a claim.
Ways underinsurance catches business owners out:
Inflation
With inflation, the cost of living and doing business increases. Remember to cover you, your tools and assets for the rising costs of replacing or covering them, not what you paid for them – you may be surprised at the difference.
Not covering the full cost of your risks
If you select cover levels for less than the value you may be found liable – left out of pocket when it comes to claims time. It’s important to review your risks and determine how much you will need to cover any claim that may come your way.
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How to make a claim online
We’ll assist you through the claims process & manage the claim directly with the insurer.
Let us know Fill out our
claims form and provide info
to support the claim
Receive extra support We
will assist you with your claim
Claim results We will notify
you of the claim outcome.
3 Steps to get your biz insured:
- Let us know
Fill out our claims form and provide info to support the claim.
- Receive Extra Support
We’ll assist you with your claim.
- Claims Results
We’ll notify you of the claim outcome.
See how much others have saved while purchasing policy through BizCover
Colette
Disability Care Worker from
NSW
Saved
$1,200
on
Public Liability and Professional Indemnity insurance
Andrea
Beautician from
VIC
Saved
$1,500
on
Business insurance Pack and,
Public Liability and Professional Indemnity insurance
Deborah
Cleaner from
VIC
Saved
$3,600
on
Public Liability insurance
Lance
Electrician from
ACT
Saved
$800
on
Public Liability insurance
Stephen
IT Professional from
VIC
Saved
$1,500
on
Information Technology Liability insurance
Linda
Restaurant owner from
NSW
Saved
$1,000
on
Business Insurance Pack and
Public Liability insurance
^ Savings made from January 2024 to April 2025. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
Frequently asked questions
You may benefit from having Information Technology Liability insurance if you are a professional or own a business in the following industries:
- Information Technology Service Providers
- Software Development and related modalities
- Network Engineering
- IT Consultants
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