IT Indemnity Insurance

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Insurance for IT Professionals

... dispute between insurers as to which policy should respond to a claim. Insurance for IT Professionals Professional Indemnity insurance* The IT world is a fast-changing environment, and whether you're involved in project ...

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Who is Covered Under an IT Liability Policy?

... for? IT Liability insurance provides cover for a breach of the policyholders professional duty to a client in the performance of information technology services. This is the professional indemnity cover. It also provides ...

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Professional Indemnity Insurance cost

... , 16 February 2017 How much do Consultants pay for Professional Indemnity Insurance? When it comes to consultancy occupations, the list is endless. So it's no surprise that premiums vary greatly among the many different ...

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What does Professional Indemnity Insurance cover?

... of fraud and dishonesty Accidental injury and property damage What types of professionals need Professional Indemnity insurance? Within Australia, it is compulsory for some professionals to hold and maintain Professional ...

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8 Facts About Professional Indemnity Insurance

... is claims can still occur, even when you least expect it. That's where Professional Indemnity insurance * comes into play. This form of insurance is designed to protect businesses that provide specialist services or ...

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The benefits of Professional Indemnity insurance

... to know that you have the right measures in place to help deal with it, like the legal support that forms part of your Professional Indemnity insurance policy. The last thing you want is to be stressed spending time away ...

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Who needs Professional Indemnity insurance?

... ? Depending on the industry you operate within, Professional Indemnity insurance may be a requirement to become a member of certain industry boards and bodies. It is also a common requirement for those undertake contract ...

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What is Professional Indemnity Insurance?

... and the potential impact on your business' reputation all things which Professional Indemnity insurance can provide protection for. It's an investment in keeping your professional business around for the long haul ...

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Professional Indemnity Insurance

... the claim Claim investigation costs Disciplinary proceeding costs Depending on the type of Professional Indemnity insurance policy you have, it may extend to provide cover for public relation costs to help protect your ...

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Do I need Professional Indemnity insurance?

... peace of mind knowing you'll still have a business when it's all over. What does Professional Indemnity Insurance cover? Professional Indemnity insurance typically foots the bill for things like: Legal and defence costs ...

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Professional Indemnity Insurance for Consultants

... will usually be able to add additional coverage if you think that you may need it in the future or at any time during your Professional Indemnity Insurance policy's term. As an example, at some point you may want to add ...

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Insurance for Architects

... omission could lead to a costly Professional Indemnity claim. Thankfully, Professional Indemnity insurance is designed to provide your business with a solid plan. It helps protect businesses and individuals that provide ...

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Insurance for Accountants

... interpretation of the numerical data Oh, and did you know it is an industry requirement that your level of Professional Indemnity insurance complies with the requirements outlined by your professional association. For ...

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Management Liability Insurance

... company itself from the many exposures relating to the management of a company. Think of it like this: where Professional Indemnity insurance covers the advice or service you provide to your clients, Management Liability ...

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A Guide to PI Insurance

... forms the largest percentage of your business insurance expenses. Typically, Professional Indemnity Insurance is a time-consuming process taking up to 12 weeks. Again, it's expensive and most people don't know if ...

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Professional Indemnity for Real Estate Agents

... Agents Act 2002 hold a minimum of $1 million Professional Indemnity Insurance with a number of set policy inclusions. 1 Even with this requirement, it is worthwhile looking at your level of cover. While the chance ...

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Information Technology Liability Insurance

... is a combined policy that offers the protection of both Professional Indemnity and Public and Products Liability insurances*. It's designed to give you peace of mind, addressing the potential overlap of the professional ...

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Insurance for Registered Tax Agents

... . ^Minimum PI insurance requirements source from TPB tpb.gov.au/professional-indemnity-insurance-tax-agents on 8 August ... known claims or circumstances exclusions) or will it simply commence from the day your purchase the ...

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Understanding business insurance for bookkeepers

... as a bookkeeper is Professional Indemnity insurance . Professional Indemnity insurance is designed as a form of protection for businesses that provide specialist services or professional advice. It is intended to respond ...

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Insurance for Engineers

... insurance? You know your clients place great trust in you to solve complex problems, but what happens if you get it ... (and costs) can be severe. Professional Indemnity insurance is designed to provide your business with a ...

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Insurance for Registered Migration Agents

... and the list could go on. Professional Indemnity insurance is designed to protect you by responding ... of running your business, as well as lost revenue while it is of action due to an insurable event. Cyber Liability* ...

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What is run-off insurance and who needs it?

... . Remember that when a claim arises a current policy must be in force It is an extension to your existing Professional Indemnity insurance policy and comes into effect when you stop trading, providing protection for your ...

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Insurance for Psychologists

... may be able to assist you. Professional Indemnity insurance is there to give you peace of mind if claims arise as a result of your professional psychology service. It is designed to respond to claims against your ...

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PI And PL Insurance

... the claim Claim investigation costs Disciplinary proceeding costs Depending on the type of Professional Indemnity insurance policy you have, it may extend to provide cover for public relation costs to help protect your ...

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Insurance for Nurses

... costs associated with responding to and managing claims covered by your policy. Another benefit of Professional Indemnity insurance is that it can assist you if you are subject to disciplinary action as a result of your ...

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Insurance for Consultants

... much does Professional Indemnity Insurance cost for Consultants? What is Professional Indemnity insurance? 7 Types of Insurance Your Small Business Should Consider Cyber Insurance: Is it worth it? Customer Reviews Rated ...

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Insurance for pharmacy and pharmacists

... for pharmacists Professional Indemnity insurance* provides cover for you as a pharmacist for civil claims and disciplinary actions brought against you due to your professional activities. It provides cover against ...

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Insurance for Disability Workers

... too. What does it cover? A Disability Support Worker's insurance package includes Professional Indemnity* and Public Liability* insurance. Professional Indemnity An important form of insurance that is designed to ...

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Insurance for Marketing Consultants

... different type of risk. It's always hard to keep everyone happy, and everyone has experienced a hard-to-please customer who holds unreasonably high expectations. Professional Indemnity insurance is your secret weapon to ...

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Insurance for Civil Engineers

... an expert in your field, with clients having high expectations when it comes to your professional advice and services. This is where Professional Indemnity insurance becomes vital to you and your business. Professional ...

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Allied Health Combined Liability Insurance

... with clients, so it makes sense to protect against both kinds of risks. The Allied Health Combined Liability insurance product includes protection for Professional Indemnity and Public Liability insurance* and is ...

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Insurance for Allied Health Professionals

... services or advice.  Your Professional Indemnity insurance will meet the associated compensation payable ... insured event (such as property damage or fire).  It is also designed to assist your business to recover ...

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Insurance for Social Workers

... comes into play. Professional Indemnity insurance * is an important form of protection for businesses that provide specialist services or professional advice. It is designed to respond to claims against your business ...

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Sole Trader Insurance

... business. If anything goes wrong, it's up to you to fix it. Mistakes, accidents and other unplanned ... with the service you provided them. Professional Indemnity insurance covers your business against both claims that do ...

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Insurance for Management Consultants

... access to business systems or start ransomware attacks. It is possible to cover your past consulting work with a current insurance policy. Professional Indemnity insurance is typically written as a “claims-made” policy ...

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Insurance for Physiotherapists

... it is important to that you insure it with Building insurance . Building insurance will cover your building in the event that it ... choose BizCover for your Professional Indemnity insurance, getting your certificate of ...

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Insurance for Chiropractors

... insured), you can help ensure that your Professional Indemnity insurance is suitable for your practice's needs.BizCover not only makes it easy to buy insurance, we also make it easy to manage your policy! Certificates of ...

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Insurance for Carpenters

... you are providing your clients with professional advice on all things carpentry, then it may be worth considering Professional Indemnity insurance. All it takes is for a client to claim negligence (actual or alleged) for ...

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Insurance for Martial Art Teachers

... claim being made against you . Having Professional Indemnity insurance can help you respond to claims made ... damage as a result of your negligent business activities. It can provide protection for a variety of incidents , ...

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Insurance for Bookkeepers & BAS Agents

... an actual requirement in the industry. The Tax Practitioners Board (TPB) has made it so since 2011 and with good cause - Professional Indemnity Insurance covers you against the risk of a client claiming damages. Your ...

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Insurance for Recruitment Consultants

... reputation and probably want to protect it. That's why BizCover makes it easy to take out Professional Indemnity insurance for your recruitment agency. This insurance offers protection for businesses that provide ...

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Benefits of insurance for small businesses

... business started , opening its doors and following your dream. This is why it's essential to protect ... both financially and reputationally damaging. Professional Indemnity insurance is designed to respond to such claims ...

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7 Common Types of Small Business Insurance

... or if the cause of the loss was a breach of professional duty, so it's important you know the difference. Professional Indemnity Insurance is applicable to many professions, such as chiropractors, consultants , engineers ...

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Insurance for Software Developers

... your business. That's why many IT developers consider business insurance to help protect themselves against financial ... types of insurance, such as: Professional Indemnity insurance Professional Indemnity protects you ...

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Business Insurance Perth

... the claim Claim investigation costs Disciplinary proceeding costs Depending on the type of Professional Indemnity insurance policy you have, it may extend to provide cover for public relation costs to help protect your ...

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Business Insurance Melbourne

... the claim Claim investigation costs Disciplinary proceeding costs Depending on the type of Professional Indemnity insurance policy you have, it may extend to provide cover for public relation costs to help protect your ...

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Insurance for Finance & Mortgage Brokers

... delivery of your professional service. Professional Indemnity insurance will also assist with the legal ... , or you accidentally spill coffee on their laptop. It will protect you from financial losses arising from a claim ...

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Insurance for Hair & Beauty Services

... to mention damage your reputation. Professional Indemnity insurance is designed to protect your business from ... listed in the wording. Building – Covers your building if it is damaged as a result of a fire, storm, malicious ...

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Business Insurance FAQs

... Professionals? How much does Professional Indemnity Insurance cost for IT Professionals? How much does professional indemnity insurance cost for Real Estate Agents? What is Business Insurance? What is Building & Contents ...

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Guide to Physiotherapy Business insurance

... clients are putting their health in your hands. Not only does Professional Indemnity insurance provide vital protection, it is a registration requirement for physiotherapists practising within Australia. Professional ...

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Insurance for Electrical Engineers

... claim, if something were to go wrong. All it takes is for a design to not go to plan and the consequences (and costs) can be severe. Professional Indemnity insurance  is designed to protect you against losses claimed ...

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Insurance for Massage & Alternative Therapies

... Insurance for  Massage Therapists Professional Indemnity* Your clients trust your expertise and knowledge to treat a variety of ailments as well as promoting their general health. Just like any health provider, it's ...

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Insurance for Real Estate Agents

... doesn't go under the hammer should something go wrong. That's where real estate Professional Indemnity insurance comes in. It is designed to respond to claims against your business for losses as a result of actual or ...

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Insurance for Professionals

... which caused financial loss? Luckily there is an insurance policy for that and it's called Professional Indemnity insurance. Professional Indemnity insurance protects you against losses claimed by a third party ...

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Insurance Considerations for Personal Trainers

... against this risk you should consider Professional Indemnity Insurance , which can help protect you for ... a trainer is one of your biggest business assets, and it also gets put under some pretty extreme demands day to day ...

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Business Insurance

... costs associated with a covered claim . Professional Indemnity (PI) insurance* provides protection for businesses that provide specialist services or professional advice.  It is designed to respond to claims against your ...

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Insurance for Electricians

... back a couple of grand † . It's times like this when you'll be glad to have a Public Liability policy! Professional Indemnity Insurance* Professional Indemnity (PI) insurance covers electricians for losses claimed by a ...

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Business Insurance in Townsville

... policy to receive their professional license or join an industry association. Professional Indemnity insurance may still be useful even if it is not mandatory for occupation. Your policy can help you manage the legal ...

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Business Insurance in Geelong

... license or join an industry association. Regardless of whether it's mandatory, you may still want to consider getting a policy. Professional Indemnity insurance can help you respond to claims of negligence, giving ...

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Reviews related to IT Indemnity Insurance

  • You make life a lot simpler in choosing business insurance. Thank you.

    Paulus A
    Information Technology

  • I'm in IT - this is a great site. It was extremely easy to use, and the experience was totally painless.

    Paul H
    Information Technology

  • Amazing. Loved it

    Jason A
    Information Technology

Why do 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. 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 insurance*

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.

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.

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*The information provided is general only and should not be relied upon as advice. No guarantees are provided as to pricing for individual risks.
*As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice.
*Savings made in May 2023 on IT Liability policy. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
*Savings made in May 2023 on IT Liability policy. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
*Savings made in May 2023 on IT Liability policy. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
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