Professional Indemnity Insurance for Technology Companies
Whether you are starting a new firm or already established in the technology sector, we offer a range of specialist services to help your business obtain insurance quickly and at a competitive premium.
- Competitive premiums
- Fast service
- Monthly instalments
- Tailored cover, avoiding the dangers of buying online
- Expertise and knowledge of the technology market
- Cyber insurance options
- No pushy salespeople, just insurance experts
- Free contract and legal advice
The professional indemnity insurance market for software and technology is large, with many insurers and their brokers battling for market share. They all offer policies at different premiums and with subtle but important differences. So it's important to have some understanding of how this market works to be able to make an informed decision on which product is best for your firm.
Getting a quote for professional indemnity insurance
Professional indemnity insurance for software development is usually purchased from a specialist broker. A good broker will reduce the annual premium cost as well as providing valuable advice and support throughout the insurance period, especially on claims. For a quotation or a discussion you can contact us by phone or complete a quote request form.
The right choice of policy
Professional indemnity is complex commercial insurance. When arranging this cover, most firms will require some tailoring of their policy to ensure it provides exactly the right protection for their business. This may be a small tweak to the policy or something more substantial....things that really matter when a claim occurs.
Therefore, buying this type of commercial insurance online is NOT recommended and specialist advice from a broker should always be obtained. Read our guide Why You Need an Insurance Broker.
Why you need professional indemnity insurance
The need to keep pace with change has driven all modern day organisations to use increasingly complex technology for their business solutions. Their reliance on these systems and services means bigger problems - and bigger claims against the software providers.
Professional indemnity claims against IT and Software firms range from hundreds to millions of pounds, and professional indemnity insurance is there to provide them with vital protection when things don't go according to plan.
Specialist advice from experts
We arrange professional indemnity insurance protection for a wide range of services in the Software and IT engineering sectors. These include software designers, cloud services, network security, cyber protection, social media, email and desk-top support services etc etc. It's a long list. Read our guide on Avoiding IT Contract Disputes.
This guidance note is intended for information purposes only. Whilst all care has been taken to ensure the accuracy of the guidance note it is not to be regarded as a substitute for specific advice. This guidance note shall not be reproduced in any form without our prior permission. © Professional Indemnity Insurance Brokers Ltd