Insurance for Tech Startups 

As a matter of fact, we do. BizCover offers 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. Here’s a breakdown of what this package entails: 

• Professional Indemnity insurance covers you for losses claimed by a third party & defence costs due to alleged or actual negligence in your professional services or advice. 
• Public Liability insurance covers you if a third-party claim that your negligent business activities caused them injury or property damage. 

Besides Professional Indemnity and Public Liability insurance, you may also want to consider these policies for a more comprehensive protection of your tech or IT business: 

• Cyber Liability, which covers losses from claims arising from data breaches, business interruption and remediation costs following an actual or threatened data breach.  
• Electronic Equipment insurance. This policy covers your business against loss caused by accidental and unforeseen damage, breakdown of electronic equipment, which can include computers and printers.  
• Business Interruption provides cover for the loss of income and increased costs of operating your business caused by a specified insured event (such as property damage or fire). 
• Portable Equipment insurance (or general property) insurance can cover specified items such as tools, business equipment or electronic items, or unspecified items of lower value.  
• Theft Cover. This policy covers you against loss and damage as a result of theft or attempted theft from your business premises. 
• Tax Audit insurance, which covers a business for specified costs in responding to an official tax audit.