Computer Programmer Insurance

Build a computer programmer insurance policy to suit you

• Professional indemnity insurance

  Professional indemnity insurance is often a contractual requirement for computer programmers to begin work for their client.

  It covers the legal costs of defending your business against allegations of professional negligence as well as any damages awarded against you if your defence is unsuccessful.

  Potential claims may include:

  -       Coding errors leading to software begin deemed unfit for purpose

  -       Copyright infringement

  -       Breaches of contract

  Additionally, professional indemnity insurance includes mitigation of loss cover, which pays the costs incurred in putting your mistake right before your client has to make a claim against you.

  Limits from £50,000 to £5m.

   

• Public liability insurance

  Public and product liability insurance protects computer programmers against allegations of injury or damage caused to third parties – for example, personal injury claims. It covers the legal costs of defending the claim, as well as any compensation payments that may be payable.

  Limits range from £1 million to £5 million.

• Employer's liability insurance

  Employer’s liability insurance is legally required if your business has employees. Markel employers’ liability insurance covers you against illness or injury claims filed by your employees as a direct result of their company duties.

  If you employ any staff within your business – regardless of their role - this cover is mandatory. Limits range up to £10 million.

• Legal expenses insurance

  Legal expenses insurance covers the costs of defending you as a director or officer of your company against allegations of wrongful acts and any damages subsequently awarded against you. Cover is also provided for the legal costs and expenses of defending actions for disqualification as a director, investigations and extradition proceedings. Limits range from £100,000 to £5m.

• Directors and officers insurance

  Directors and officers insurance handles your defence costs if you are a director or officer of a company and are accused of negligent working practices. Any damages awarded against you as a consequence are also covered.

  It also handles expenses associated with extradition proceedings, general investigations and motions toward disqualification as a director.

  Limits range from £100,000 to £5 million.

• Office insurance

  Office insurance covers your business equipment (and office, if you own one) against accidental damage and theft, including:

  -       IT equipment

  -       Office premises

  -       Office contents

  There is an option to protect business equipment such as laptops and mobile phones on a worldwide basis. You may wish to consider this cover if you conduct work abroad or travel regularly for business.

  Business interruption cover also protects your company against any extra trading expenses and loss of income resulting from the property damage or theft.

   

• Cyber and data risks insurance

  Cyber and data risks insurance covers your business against the rising threat of cyber crime, paying the costs incurred after a cyber attack on your business.

  Costs covered include:

  -       Meeting ransom demands

  -       Notifying clients

  -       Potential business net profit losses

  -       Restoring data and equipment

  Markel’s cover helps pay your legal defence expenses and any subsequent damages you are required to pay out to affected parties.