Why do IT professionals need it?

Just because you’re busy programming, coding, testing, debugging or doing other techy stuff doesn’t mean you can’t get the right insurance. Being the IT person that you are, we don’t need to convince you that getting multiple quotes online, in minutes, is the quickest and most efficient way to secure great insurance cover for your business.

Did you know?

The nature of work undertaken by some IT professionals means the difference between a public or professional indemnity claim can be difficult to determine.  BizCover is able to offer a liability package with combined Professional Indemnity and Public Liability insurance from the same insurer.  That way, there can be no dispute between insurers as to which policy should respond to a claim.

Insurance for IT Professionals

Professional Indemnity*

The IT world is a fast-changing environment, and whether you’re involved in project management, development, testing or analysing systems this kind of work can be risky business. Does your software code contain errors?   Was there a loss of documents or data as a result of your negligence? As the saying goes, the problem with troubleshooting is that trouble shoots back.

Professional Indemnity insurance provides much-needed financial protection for a wide variety of IT professions. It secures IT professionals and their businesses against claims against them for potential losses arising out of actual or alleged negligent acts or omissions in the provision of professional services or advice.  For claims covered by the policy, it does this by paying compensation due to the third party, together with assisting with defence costs (these are the reasonable costs incurred in investigating and defending a covered claim, including legal fees, expert fees and court costs). It is also becoming a more common requirement for independent contractors to hold and maintain their own Professional Indemnity insurance policies.

Public Liability Insurance*

Chances are you spend most of your time visiting your client’s offices. Public Liability insurance is designed to provide protection for you and your IT business in the event a customer, supplier or a member of the public is injured or sustains property damage as a result of your negligent business activities.

Business Insurance*

If any of the following circumstances relate to your business then you should consider Business Insurance to provide additional protection:

  • Do you own the office where you work?
  • Does your commercial lease require your business to insure glass or building contents?
  • Do you carry or hold stock?
  • Do you rely on computing equipment/servers to get your work done?
  • If the answer to any of these questions is yes, you might want to consider Business Insurance for coverage of one or more of building, contents, machinery breakdown, repairs, theft, restoration or even business interruption insurance.

Cyber Insurance*

Consider the client information or data you may be storing. Do you have plan if your systems suffer a data breach, are hacked or subject to ransomware attack?  Perhaps you should consider if Cyber Liability insurance is right for your business. A cyber liability insurance policy is designed to help protect you from claims and support your profitability in the event of a cyber breach or attack. Costs associated with defending a cyber claim are also covered.  Examples of the types of risks Cyber Liability insurance can assist with are inadvertent loss or release of customer personal information, cyber crime, cyber extortion/ransomware and business interruption due to a cyber event.


*As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy document. The information contained on this webpage is general only and should not be relied upon as advice.

The wrong advice

An IT contractor was engaged to recommend and provide a management system for professional services client.

There were a number of problems with the system including crashes and loss of company and customer data. The client lodged a claim against the IT contractor for breach of contract and compensation for damages due to the lost data and loss of revenue whilst the client was unable to service his customers.

IT professionals cover a broad range of modalities, including:

  • Information Technology (IT) Consultant
  • Computer Consultant
  • Computer Programmer
  • Telecommunication Specialist
  • Computer Software Retailing
  • Software and Application Developer
  • Internet Service Provider
  • Data Processing Service
  • Website Developer
  • Computer Software Developer and Designers

Pretty damn good UI and process, actually. Good work.

Michael C
Information Technology

Brilliant. It was so easy to get this done and it was the lowest quote. I spent a whole day getting multiple quotes but bizcover found the best one for me!

Merill F
Information Technology

Great service. Beats the rigmarole I’ve had to go through previously. Business Insurance used to be hard to find.

James H
Information Technology

Excellent service and price. It took me 10 minutes to finalise my PIPL insurance policy. The lowest price in the market. Very happy :)

Rabee R
Information Technology

Hard to believe how easy it was to get a quote and even purchase the policy. The cost was less than half of the best price my previous broker could provide for the same cover.

Bevan C
Information Technology

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