Insurance for IT Professionals

... to a claim. Insurance for IT Professionals Professional Indemnity* The IT world is a fast ... s offices. Public Liability insurance is designed to provide protection for you and your IT business in the event a ...

read more

Who is Covered Under an IT Liability Policy?

Information Technology Insurance Professionals in the information technology sector ... rely on you to get it right so their systems work ... ... protect IT professionals from ... IT professional from a range of exposures that could arise out of the services performed for a client. Who is covered under an IT Liability Policy? An IT Liability insurance ...

read more

Understanding Insurance for Graphic Designers

... job but like other professions, it has its own risks. Some you ... and have high expectations when it comes to you delivering on ... , that ... is an important coverage to consider. Professional Indemnity (PI) insurance is a form of protection for businesses that provide specialist services or professional advice.  It is designed to respond to claims ...

read more

Information Technology Liability Insurance

... hold and maintain their own Professional Indemnity insurance policies. Public and Products Liability insurance Public Liability insurance is designed to provide protection for you and your IT business in the event a ...

read more

Insurance for Professionals

... insurance policy for that and it's called Professional Indemnity insurance. Professional Indemnity insurance ... negligence in your professional services or advice.  Your Professional Indemnity insurance will meet ...

read more

Home Based Business Insurance

... running an online store or working as a web developer, every occupation comes with its own level of risks. Click, compare and ... Online shops Photographer Writers Web developer Insurance for Home Based Businesses ...

read more

A Mumpreneurs Guide to Understanding Business Insurance

The art of juggling parenthood while running your own business is anything but an easy feat. Theres always something screaming for your attention, from managing client ... business insurance is something ... Professional Indemnity insurance can help. Professional Indemnity (PI) insurance* is a vital form of protection for businesses that provide specialist services or professional advice. It ...

read more

Insurance by Industry

... professionals and that's why our comprehensive insurance offerings include: Professional Indemnity, Public Liability, Business Insurance , Management Liability, Cyber Insurance ... Services IT Professionals Land ...

read more

Insurance for Sole Traders and Self Emplyed

... Some industries have mandatory insurance requirements, set either by law or by professional bodies and associations. This ... business. Business Insurance can provide cover for your business assets including its premises, ...

read more

STABLE INSURANCE RATES A REASSURANCE FOR SMEs

BizCover's SME Insurance Price Index has unveiled a ... the COVID-19 pandemic with insurance rates remaining flat for a ... acquired from BizCover's ... segments. Prices for insurance across its Professionals industry segment showed marginal ... this quarter,” he said. “Key sections of business pack insurance that are frequently used by retailers such Contents, Glass and ...

read more

How Does Professional Indemnity Insurance Benefit You?

... are a professional and have your own company, then it is ... advisable that you have professional insurance, which can ... also be referred ... and have your own company, then it is advisable that you have professional insurance, which can also be referred to as professional indemnity insurance . Professionals are expected to possess extensive technical ...

read more

Finding the Right Business Insurance Can Be Hard but BizCover Makes it Easy

... . If you run a business, it is absolutely essential that you ... and your assets with business insurance. However, figuring out exactly what ... ... liability, professional indemnity , cyber liability, business interruption and tax audit insurance . In ... choosing BizCover , where insurance is made easy. …Or as some might say, it’s made too easy. ...

read more

BizInsure Capitalizes on the Paradigm Shift in Commercial Insurance!

... leading-edge online insurance model that connects independent professionals and small ... businesses to critical Professional Liability (E ... have not had many alternatives when it came to buying business insurance. BizInsure has entered this space ... Ltd (BizCover). This alliance combines experienced insurance professionals and cutting-edge technology to meet the ...

read more

Business Insurance Guide for the Self-Employed - Part 2

... world of business insurance can be confusing which ... made it our mission to make it a ... bit easier. We've created a guide to business ... of business. Without the protection of Professional Indemn it y insurance , personal assets like your home may ... and allow s you to have a legal professional manage the process for you whilst you can ...

read more

7 Types of Insurance Your Small Business Should Consider

... is Small Business Insurance. But what kind of insurance do you actually ... 'one-size-fits-all' when it comes to insuring a business ... ... services cause bodily injury or property damage. For example it can provide protection if, a customer slips on ... of professional duty, so it's important you know the difference. Professional Indemnity Insurance is ...

read more

Keep calm and stretch on with Yoga Teacher insurance

... of arranging your yoga teacher insurance go. As a yogi or ... business. Let us centre your insurance chakra by exploring some of ... ... calm wash over, letting the stress of arranging your yoga teacher insurance go. As a yogi or yogini, you don't have ... it up to chance and consider Professional Indemnity insurance to protect you and your business. What it ...

read more

Insurance for Disability Workers

... and peace of mind when insurance claims have the potential to ... it  cover? A Disability Support Worker's insurance package includes Professional Indemnity* and Public Liability* insurance. Professional ...

read more

Understanding Insurance for Interior Designers

... , you are an expert when it comes to making a house ... creative flair. Like any profession, it isn't one without risks ... where having the right ... Professional Indemnity (PI) insurance is an important form of protection for interior designers to look at .  It ...  disabling injury. Get covered Arranging your insurance has never been easier. At BizCover ...

read more

What are some types of insurance available for small businesses?

When it comes to running your own ... consideration is getting your business insurance sorted. There are many kinds ... coverages on the market and ... Professional Indemnity insurance is a business insurance to consider. Professional Indemnity (PI) insurance* is a form of protection for businesses that provide specialist services or professional advice.  It ...

read more

7 Surprising ways business insurance can help your company

... your business insurance may feel like an overwhelming task, it is a ... ... cause a claim . It's not only the ... Professional Indemnity insurance * – If your business involves providing professional advice and services then Professional Indemnity insurance is a no-brainer. It ...

read more

Insurance for Civil Engineers

... it comes to your professional advice and services. This is where Professional Indemnity insurance becomes vital to you and your business. Professional Indemnity insurance ... Accident and Illness insurance gives you peace ...

read more

Insurance Considerations for Personal Trainers

... and transform their lifestyles, but it's also the opportunity for you ... ... achieve their goals and transform their lifestyles, but it's also the opportunity for you to work for ... yourself against this risk you should consider Professional Indemnity Insurance, which can help protect you for ...

read more

Things you didn't know about small business insurance

Getting the insurance sorted for your small business ... , compare quotes and buy the insurance that suits your business. But ... not know about small ... you work from home, your home and contents insurance policy might not cover all the liabilities related to ... to have Professional Indemnity cover. Make sure your policy stays relevant and on the move It's wise to ...

read more

A Broker Divided - Is BizCover's Michael Gottlieb a Threat to Broking or its Future?

... unknown. He started his own insurance brokerage despite never having worked ... in the world selling commercial insurance through an aggregator website ... trying to do was sell insurance - whether it was D&O or professional indemnity - but really focusing on ... to them,” he says. “You either then need to streamline it with one insurer - and then you're not providing a ...

read more

What Tradies Need to Know About Public Liability Insurance

Its one of the most common types of insurances for tradies, ... and outs of Public Liability insurance and what you need to ... So what is Public ... need to consider it? Unless you ' ... insurance typically not cover? Injuries to your employees Damage to your own property Costs of rectifying faulty workmanship Professional ...

read more

Insurance for Finance & Mortgage Brokers

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

read more

Insurance for Victorian Plumbers

... Liability It's one of the fundamental types of business insurance plumbers ... Professional Indemnity insurance* is an important form of protection for businesses that provide specialist services or professional advice. It ...

read more

Insurance for Plumber

... Professional Indemnity insurance* is an important form of protection for businesses that provide specialist services or professional advice. It ... to particularly consider as a Plumber as it can cover you for loss and damage ...

read more

Insurance for Project Managers

... It is designed to respond to claims against your business for losses arising as a result of actual or alleged negligent acts or omissions in the provision of your professional consulting service or advice. PI Insurance ...

read more

Insurance for Registered Migration Agents

... omissions in the provision of your professional service or advice. PI Insurance also helps with the costs ... running your business, as well as lost revenue while it is of action due to an insurable event. Cyber Liability ...

read more

Professional Indemnity

... professional operators . Professional Indemnity (PI) insurance* ... is an important form of protection for businesses that provide specialist services or professional advice. It ...

read more

Business Insurance in Wollongong

... 2541 businesses registered. This is followed by Professional Scientific and Technical Services, with 1 , ... idea of how much your insurance is actually going to cost.  However, it's important to note that the ...

read more

Insurance for Cafes

... as a result of your negligent business activities. All it takes is for one of your staff to accidentally spill ... nominated professional fees, incurred in the course of an audit. *As with any insurance, ...

read more

How much does Business Insurance cost?

... in a Business Insurance pack. The beauty of Business Insurance is that it can be tailored ... professional services industry. One of the most common questions asked by business owners is: “How much does Business Insurance ...

read more

BizCover SME Insurance Price Index Q1 FY20

... and professionals have seen material price reductions on their Public Liability insurance ... [1], with food inflation at its highest in five ... Retail) and 13% decrease (Professionals) in the price of their Public Liability insurance for the most recent quarter ... no immediate changes for SMEs when it comes to their business insurance, commenting “While costs may be ...

read more

A Guide to PI Insurance

... and omissions insurance, PI or Professional Indemnity). What is Professional Indemnity Insurance? Professional Indemnity Insurance ... insurance expenses. Typically, Professional Indemnity Insurance is a time-consuming process taking up to 12 weeks. Again, it's ... steps in to satisfy your Professional Indemnity Insurance needs. BizCover allows you to ...

read more

Small Business Insurance Index

... price increases in the business insurance market, SMEs are continuing to ... the cost of business insurance, the BizCover SME Insurance Price ... Liability insurance. SME Professionals have been seeing increases in their Public Liability insurance over the ... most other costs are increasing it is great to see that their insurance costs remain stable when ...

read more

The Remaining Risk: What Isn't Covered and Why it Matters

... most common issues with Business Insurance is that policy owners often ... fail to understand what it does protect you against, and ... (that's ... s in your policy is great (that's why you bought it, right?), but being aware of what isn't covered should ... handy. For example, if you purchase Professional Indemnity (PI) insurance you should know that you're covered ...

read more

Professional Indemnity Insurance for Civil Engineers

... your pearls of wisdom and professional services. Like any profession there ... your services. As a professional, considering Professional ... negligence in or the failure to deliver your professional services. Even just the associated investigation and ... of business. Below we'll explore Professional Indemnity insurance and how it can apply to your work as ...

read more

Insurance for Civil Engineers- what you need to know

... , so it's important to think about what kinds of business insurance coverage ... you may need to help ensure it is ... ... , with a duty of care when providing your professional services and advice to your clients. A dissatisfied ... on your business and its daily operations. Having Professional Indemnity insurance for Civil Engineers means ...

read more

The difference between Public Liability and Professional Indemnity insurance

... most common types of business insurance, but do you really know ... . What is Public Liability insurance*? Public Liability Insurance is designed ... cover to consider. What is Professional Indemnity insurance * ? Professional Indemnity protects you against losses ... out Professional Indemnity insurance include: Health Professions, IT Contractors, ...

read more

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 ...

read more

BizCover SME Insurance Price Index Q1 FY21

... clients buck the trend of insurance price hikes. Whilst the Australian ... the availability and pricing of insurance for SMEs, BizCover can report ... its platform are benefitting from a continued period of steady pricing for their insurance with the release of the BizCover SME Insurance ... prices quarter on quarter for Professional Indemnity insurance. The one area that ...

read more

Professional Indemnity Insurance 101: For Allied Health Professionals

... for others. Which is why it's essential their lives are also ... to protect yourself is with professional indemnity insurance. This type of ... claim - no matter whether it's proven or not. Professional indemnity insurance gives people in the ... price. BizCover is the best way to get immediate insurance protection, and because everything is online, there's ...

read more

Professional Indemnity PPC Landing Page

... all make mistakes (even professionals!). That's why it's called 'Professional' Indemnity insurance, or PI. It's designed to protect people who give advice or provide a professional service. If it's alleged you make a ...

read more

BizCover SME Insurance Price Index Q2 FY20

More larger businesses with simple insurance needs are using BizCover for ... their insurance, while smaller businesses benefit from ... this quarter ... BizCover SME Insurance Index is comprised of three industry groups, Professionals, Trades & ... to quote and buy online without agent assistance. His feedback says it all, “Really easy to use. Our usual insurer wanted a ...

read more

How the cost of Professional Indemnity insurance is calculated

... the cost of a Professional Indemnity (PI) insurance policy is calculated and ... that impact the cost of Professional Indemnity insurance ... impact the cost of Professional Indemnity insurance. Insurance policy pricing is generally ... an increase with your PI policy premium. This is because it is a strong indicator that your business is generating a ...

read more

Insurance for Yoga Teachers

... also make sure you have the right insurance in place in case it all goes downward dog! One of the ... That's why Professional Indemnity Insurance is an important form of cover for Yoga teachers. It helps respond to ...

read more

Professional Indemnity Claims: when should I notify my insurer?

Your Professional Indemnity (PI) insurance is no doubt one of ... 't quite go to plan it can provide much needed financial ... against your business ... Professional Indemnity (PI) insurance is no doubt one of the most vital covers you have for your business. If things don't quite go to plan it ... at fault. Let your insurer take care of it – that's why you pay an annual or ...

read more

5 Questions to ask yourself before buying Insurance for your Small Business

Know you need business insurance but aren't sure how ... while and looking to buy insurance for the first time; there ... ... of what your risks are and what you need to protect, it's time to look at the types of policies you need to ... a minimum level of Public Liability or Professional Indemnity insurance however, you may decide that you need ...

read more

Top 5 Reasons for Having Professional Indemnity and Public Liability Insurance

... your business, so it makes sense to protect it. Below are the ... hold and maintain Professional Indemnity and Public Liability insurance ... (each claim). You must show proof of your insurance by providing a copy of your policy or certificate of ... . Holding the relevant insurance will not only assist in upholding a professional standard, it will enable you to ...

read more

Insurance for Architects

... Professional Indemnity insurance is designed to provide your business with a solid plan. It helps protect businesses and individuals that provide specialist services or professional ... using computer-assisted design. While ...

read more

Insurance for Accountants

... professional indemnity cover We know, sometimes you just want a quick idea of how much your insurance is actually going to cost.  However, it's ... hacked. Cyber Liability insurance helps to protect you ...

read more

Professional Indemnity Insurance for Consultants

... expertise to people who need it. However, there is a comes ... ... peace of mind for both the you and your client. It will make a client much more reassured and happier knowing ... that you may need it in the future or at any time during your Professional Indemnity Insurance policy's term. ...

read more

What Limit of Professional Indemnity Insurance Do I Need?

... consumers is 'What limit of Professional Indemnity insurance do I need?' While ... you belong to a professional association, it is ... when selecting an appropriate limit of Professional Indemnity Insurance. Defence Costs When considering what limit of Professional Indemnity Insurance will be adequate, it is important to take into account ...

read more

Insurance for architects- the blueprint to success

... is an exciting one, yet it's not one without risk. From ... ... And with that comes varying Professional Indemnity insurance requirements. It's important to make sure you ... such as legal and defence cost, claims investigation costs. It can even provide PR costs for when things go a ...

read more

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 ...

read more

Insurance for pharmacy and pharmacists

... It provides cover against losses claimed by a third party due to alleged or actual negligence or errors in your professional pharmac y services or advice.  Your Professional Indemnity insurance ... if it was damaged ...

read more

Insurance for makeup artists

... provide a mobile makeup service, makeup artist insurance is the foundation to ensuring your small ... Insurance for Makeup Artists Professional Indemnity Insurance* As a makeup artist you're an expert when it ...

read more

Insurance for martial art teachers

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

read more

Understanding Insurance for Real Estate Agents

... its risks. From providing professional advice to storing sensitive client details online, it's ... important to consider the appropriate kinds ... its risks. From providing professional advice to storing sensitive client details online, it's important to consider the appropriate kinds of insurance ... earn an income?  Cyber Insurance * When you are ...

read more

Additional Cover for Professional Indemnity Insurance

... Fernando for his certificates of insurance - it's just part of the ... of Information Mines, a busy IT consulting business providing information ... expect his business to be covered by professional indemnity insurance to ensure there is cover in place in ... in the course of doing business. In Hish's case, it covers him and his 10 employees while they are on the job ...

read more

Insurance for Engineers

... you Know? Professional Indemnity policies ... It protects you against losses claimed against you due to alleged or actual negligence or errors in your professional services or advice. Your Professional Indemnity insurance ...

read more

Misconceptions Around Professional Indemnity Insurance

... misconception is that the claims professional indemnity insurance covers are only the ... ... This is where the value of professional indemnity insurance can be recognized. If you were ... professional indemnity insurance, as this means that if anything happens that causes them a loss, your insurance will pay for it ...

read more

What are the Insurance Options for Land Surveyors?

... yourself and your company with insurance is a smart investment. Land ... ... it is possible that legal action may be taken by the client. In order to protect the business and ensure the land surveyor has the legal support required to defend their rights, Professional Indemnity Insurance ... insurance ...

read more

Understanding Insurance for Mortgage Brokers

... the appropriate types of business insurance. [] ... the delivery of your professional service.  Professional Indemnity insurance will also assist with ... an array of potential incidents and accidents that could occur. It only takes a client tripping over on your premises or ...

read more

Business Insurance Guide for the Self-Employed - Part 3

... in the world of business insurance, it can feel like you're ... guide on all things Business Insurance for the self-employed. In ... back to basics ... accidental damage). A Business Insurance package can also cover ... Insurance covers a business for specified costs if the ATO selects it for auditing. The policy covers the costs of accountants and other professional ...

read more

5 Tips for an Insurance Health Check

If your insurance is due for renewal or ... , it's worth taking time to do a health check of your insurance ... ... general review of your business, it's worth taking time to do a health check of your insurance to ensure that if the unthinkable ... you may want to increase your Professional Indemnity insurance. Also, consider any new ...

read more

5 Tips for getting the best Public Liability insurance for your business

... your customers with Public Liability insurance. It offers protection should a customer ... ... insurance in order to secure a plumbing license. There are also many industry associations and professional ... of the features you need leaving you high and dry when it comes time to make a claim. The most effective way ...

read more

Professional Indemnity for Real Estate Agents

... In the Real Estate Industry Professional Indemnity Insurance provides essential financial protection against ... acts, errors and omissions from Professional Indemnity Insurance with a number of set policy inclusions. 1 Even with this requirement, it ... water connected to the block. In many cases, it's the buyer's responsibility to do research and conduct ...

read more

Small Business Insurance Index Q2: 5 point increase, largest in 10 quarters

The Quarterly BizCover Small Business Insurance Index has shown that Australian ... enjoyed the end of declining insurance premiums with an increase ... brings the insurance rates back to the same level as Q4 2013/14 (6 quarters ago). It should be ... professional sector with Public Liability and Business Packs (predominately covering perils and theft) increasing 4 points. It ...

read more

Tax Audit Insurance

... Insurance* covers a business for specified costs in the event that it is selected by the Australian Tax Office for auditing. The policy covers the costs of accountants and other professional ... Tax Audit insurance. Could ...

read more

Insurance for Nurses

... it? The joy of qualifying as a nurse and being able to help people recover from sickness and injury provides for a satisfying and rewarding career. However, as a health care professional ... Professional Indemnity Insurance ...

read more

5 Things to Consider When Buying Public Liability Insurance

Public Liability insurance. It's one of those fundamental covers ... ... . It may ... It is always wise to check with your S tate's relevant authority to know what is required. Public Liability insurance is also requirement for many industry associations and professional ...

read more

Business Interruption Insurance: Your 'Get Out of Jail Free' Card

... 'lock up' operations. Business interruption insurance can provide both peace of ... free' card when you need it most. Australia may be the ... ... potential to bring a business to its knees. Business interruption insurance is designed to provide compensation for the ... – This will cover the clerical and professional costs involved in re-writing necessary business ...

read more

5 Surprising Things Business Insurance Can Cover

When looking for Business Insurance, most small business owners typically ... ... so it's wise to check it out. ... insurance portfolio. It covers the cost incurred from a tax audit or other official investigations by any Commonwealth, State or Territory department, body or agency, including professional ...

read more

6 Areas You May Not Have Thought Business Insurance Covers

... business is your livelihood. So it's vital to protect your business ... ... receipts and note down serial numbers as proof of ownership. It's also a good idea to take photos of these kinds of ... covers such as Public Liability and Professional Indemnity insurance to ensure you are not left ...

read more

Cyber Insurance: Is it worth it?

... attract cyber criminals. Yet, when it comes to cyber theft, size ... ... risk is not just about hackers. It also covers staff who accidentally make public ... professional to handle the ransom, network restoration costs, notification costs as well as credit monitoring services Cyber insurance ...

read more

Introducing Work From Home Insurance

... in this cover? This insurance will cover all PR costs to rebuild your brand or professional reputation after a WFH ... Work as we know it may never be the same. Get your work from home insurance before your next meeting ...

read more

Management Liability Insurance

... cover Could this happen to you? What is Management Liability Insurance?* Everyone loves a surprise, except when you are a ... company. Think of it like this: where Professional Indemnity insurance covers the advice ...

read more

Personal Accident and Illness Insurance for Tradies

... if something does go wrong, it could cost you an [ ... ... for, the waiting periods and the type of Personal Accident Insurance policy you want to have in place. You can even ... work assistance Reimbursement of professional or membership fees Let's face it, nobody likes the ...

read more

Social Media Insurance

... when you operate a #business and have your own professional account, the stakes can be a little higher. ... says “If you don't have social media insurance, you are a fool.” It will also cover you for rogue employees going ...

read more

BizSave

... IT Professionals Hair & Beauty Services Manufacturing Allied Health Professionals Professionals ... that you will #BizSave on insurance for your small business. Get a quote today, it only takes a few minutes. ...

read more

Public Liability QLD

... has its ... Insurance? The term 'Professionals' encompasses a broad range of occupations that usually require specialist training and qualification. From Real Estate Agents and Marketing consultants to IT professionals ...

read more

Business Horror Stories

... ONLINE ONSLAUGHT We never believe it can happen to us, that ... become a terrifying reality. Yet it happens more often that you ... ... as a graphic design, IT professionals, accountants, health professionals and marketers. The risk of ... even shutting them down for good. A management liability insurance policy can be the only saviour for a business in ...

read more

Dishing up the facts on food business insurance

... you have the right business insurance. When it comes to insuring your ... small food business, sometimes it can feel like there is ... ... insurable event? Take a minute to think about how long it would take to rebuild your kitchen and replace all of your ... can rest easy at night with Business Interruption insurance. It provides cover for loss of income and ...

read more

Insurance for Cabinet Makers- What You Need to Know

When it comes to building and creating ... ... risks every day. Having the right types of insurance in place to protect your cabinet making business is ... makers need to look at is Public Liability insurance * . It is designed to provide protection for   you ...

read more

Common Small Business Insurance Claims and How to Prevent them.

... . Whilst you've got the insurance to help you out, you ... ... it's hard to plan for everything. Here are some of the most common BizCover Business Insurance customer ... property as well as cutting off the water supply. It's not the only time BizCover has seen damage caused by ...

read more

The bricks and mortar of building insurance cover- what you need to know

Your business property is like your home away from home and is the place where you work your magic. Whether you're in the business of providing expert advice to clients ... dollars but insuring your property for less than it's actually worth can have devastating financial consequences. ... (pun intended!) to your small business insurance plan. It provides peace of mind, protecting one of ...

read more

Reviews related to it professionals insurance australia

  • 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

Get instant quotes

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:

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: