What is software consultants insurance?
Software consultants insurance is designed for IT consultants and contractors who advise clients on all aspects of software and applications. Software consultancy projects don’t always go to plan (for example, a software solution you provide is not fit for purpose) and you could be pursued for financial losses your client incurs as a result of your mistake.
Why do software consultants need insurance?
Any business providing software consultancy should consider having insurance cover in case something goes wrong in the course of providing their services.
Without the right insurance cover in place, you would have to pay the cost of defending a claim (as well as any compensation payments that could be due to your client) out of your own personal finances.
What does software developers insurance cover?
Software consultants insurance from Markel offers a range of covers that can protect against different scenarios, including:
- Breach of contract – a software consultancy project your business is carrying out overruns, leaving you liable to the costs incurred by your client.
- Damage to property – you drop an expensive client-owned laptop on your way to their office. They send you the bill for a replacement.
- Professional negligence – a software solution you recommended is deemed to be unfit for purpose by your client. They take legal action against you to recover their losses.
Markel’s software consultants insurance can protect your business against such scenarios, giving you peace of mind that you’ll be covered if something goes wrong.
How to arrange your software devloper insurance
Get an online quote in just 90 seconds now. Arranging cover with Markel is fast and easy and you'll receive an instant proof of cover, enabling you to secure contracts straight away. You’ll be asked a series of quick questions about you, your business and your activities and receive a quote instantly.
How much it will cost
Software consultants insurance starts at £5 per month, with costs varying depending on the covers and limits you choose. There are no hidden fees or cancellation charges if you choose to end your policy early.
*Price based on a software consultant requiring £1 million of public liability insurance.