Working in the computer industry - whether you’re a software developer or an IT consultant - comes with its own set of risks. If you come into contact with members of the public in the course of your business, you’re likely to need public liability insurance so that you’re covered if someone makes a compensation claim against you. For claims made against you by a client due to negligence or a mistake you’ve made in your work, it’s professional indemnity insurance that protects you. With Simply Business you can build the policy you want by choosing the covers and cover levels you need.
Compare quotesProfessional indemnity insurance is really important if your computer or IT business gives advice, for example if you offer consultancy. If your client suffers a financial loss and they blame the advice you’ve given, they could make a compensation claim against you, and your professional indemnity insurance could cover the legal fees and compensation payment. For example you advise a company that they need to invest in expensive security software and they do so, only to find out later that this wasn’t necessary. They could then make a compensation claim against you to recoup the money they lost.
Public liability insurance covers you against claims made by a member of the public for injury or damage that’s caused by your business. For example if you spilt coffee over a customer’s computer and broke it, this insurance could pay the compensation payment, which would probably take into account the repair or replacement cost of the equipment.
You should also consider employers’ liability if you have any staff, and buildings insurance if you have a business premises. There are other business insurance covers you can choose from too, depending on your needs.