Tech Startup Insurance

Why do Tech Start-ups and IT professionals need insurance?

Just because you’re busy programming, coding, testing, debugging or doing other techy stuff doesn’t mean you can’t get the right insurance. 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.

The Fundamentals

Cover generally taken by others in your industry to protect the essential risks of doing business.

Professional Indemnity

Covers you for losses claimed by a third party & defence costs due to alleged or actual negligence in your professional services or advice. This includes defence costs cover

Public Liability

This covers you if a third-party claim that your negligent business activities caused them injury or property damage. This includes defence costs cover.

Cyber Liability

Covers losses from claims arising from data breaches, business interruption and remediation costs following an actual or threatened data breach

Next level defence

Additional cover regularly selected by others in your industry to give them a higher level of protection for their business. Choose from coverage options including:

Electronic Equipment

Covers your business against loss caused by accidental and unforeseen damage, breakdown of electronic equipment, which can include computers and printers.

Business Interruption

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). It’s designed to assist your business to recover from an insured event by paying ongoing expenses (such as wages or rent).

Portable Equipment

Portable equipment (or general property) insurance can cover specified items such as tools, business equipment or electronic items, or unspecified items of lower value.

Theft

Covers you against loss and damage as a result of theft or attempted theft from your business premises. Damage to the building, locks and safes as a result of a covered event will also be covered.

Tax Audit Insurance

If your accounts are audited by the Australian Tax Office, you may need to hire external accountants to assist in the process. Tax Audit Insurance covers a business for specified costs in responding to an official tax audit.