Insurance for IT contractors, consultants and professionals

Professional indemnity (PI) insurance for IT consultants and contractors covers the cost of defending your IT business against allegations of professional negligence (such as giving your client incorrect or wrongful advice, or providing sub-standard services) and if unsuccessful, the cost of damages awarded against you.

Examples of claims include:

Breach of contract: a client engages you as a project manager responsible for delivering a system to a specific deadline. The project overruns and you are held responsible for the additional costs the company incurs due to the delay.

Negligence: a system you were contracted to design is deemed not fit for purpose after the project finishes.

Intellectual property: one of your competitors alleges that you have copied content from their website and used it on your client's website. They take legal action against you seeking damages.

In addition, our policy provides mitigation of loss cover, which pays the costs incurred to avoid a claim being made against you.

This is essential insurance for IT contractors, consultants and businesses with limits ranging from £50,000 to £5m.

Public liability insurance and product liability insurance covers the cost of defending your business (including damages awarded against you if unsuccessful) if someone is injured, or their property damaged, which arises from you going about your business or supplying products.

Examples of claims include:

• Property damage: you damage a client’s projector using the wrong adapter to plug in your laptop. They send you a bill for a new projector as the original is irreparable.
• Personal injury: a client trips over a cable and injures themselves while visiting your workplace. They make a personal injury claim against you seeking compensation.

Limits range from £1m to £5m.

Employer’s liability insurance is a legal requirement if your business has employees. It covers your business against claims for injury or illness suffered by employees arising from their employment.

An example of a claim would be: An employee alleges they are suffering from a chronic bad back as a result of sitting in an unsupportive chair for too long. They make a personal injury claim against you seeking compensation.

If your business employs other IT consultants, you need this cover. Cover for £10m.

Directors and officers insurance can cover you, as a director or an officer of your company, against claims of negligence or wrongful working practices – and any damages awarded against you as a consequence.

Legal cost cover extends to additional claims such as disqualification as a director or extradition proceedings, as well as general investigations.

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

Protect your business against theft or accidental damage with office insurance. Cover secures yo against damage of:

• Office contets
• Office buildings
• IT equipment and computer hardware

If you travel frequently for client work, this insurance also offers optional worldwide cover for business equipment, such as mobile phones and laptops.

Our cover also give you the option to insure against any resulting loss of income or addtional trading expnses that aris as a result of damage or theft.

Occupational personal accident insurance provides a weekly payment if you are unable to work due to temporary total disablement (subject to a 14-day deferment period) due to an accident at work, or when travelling to and from work. In the event of loss of limbs, sight, speech, hearing, permanent total disablement or death, a lump sum would be paid out. You should consider this cover if you would struggle to maintain an income following an accident that left you unable to work. Limits from £100/week to £500/week for temporary total disablement (£25k lump sum to £100k lump sum for permanent total disablement).

Commercial 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.

Cyber insurance pays the costs of restoring data and equipment, informing clients, meeting ransom demands and loss of your net profit following a cyber-attack. It also pays your legal defence costs and damages you are legally liable to pay to other parties. If you hold confidential information about your clients and their projects on computers and other internet connected devices, you should consider to this cover.