Technology

What are your technology consultant insurance requirements? Your clients view you as an expert. Not only do they place a great deal of trust in your advice, they also have to trust you enough to give you access to their most sensitive business data. Mistakes can happen, which is why you need to have insurance in place to protect you, your business, and your clients.

Companies need efficient and dependable IT systems. This means that even the smallest error on your part can have devastating consequences for your clients. So if you're a technology contractor, freelancer, or small business, professional indemnity insurance can give you total peace of mind that everything will be taken care of should the worst ever happen.

What do I need?

If your clients allege that you've made a mistake in your work, whether through bad advice or poor service, professional indemnity insurance will give you the protection you need while also covering any financial compensation for your clients. It's likely that some of your clients will refuse to work with you unless you have a comprehensive insurance policy in place. They may even ask you to send a copy of your insurance certificate before they allow any work to start.

You'll be entrusted with a lot of sensitive data in your line of work, and you're no doubt aware of the risks of cyber crime. So for total peace of mind for you and your clients, we also advise you to protect yourself with cyber breach insurance.

Office contents insurance will cover you for any loss or damage to the equipment you need to do your job. And if you have any employees, you're required by law to get employer's liability insurance.

Finally, if your IT consultancy company has directors, any claims of negligence or bad advice may be made against them. In this case, you can add directors & officers insurance to your professional indemnity insurance policy.

What does Tapoly cover?

Our professional indemnity for technology and IT includes:

  • From £100,000 to £2m of professional indemnity cover as standard
  • Financial compensation up to the policy limit
  • Cover for your legal defence, including lawyers and court expenses, which is payable in addition to the policy limit
  • Virus cover of up to £500,000, in case you accidentally pass on a virus or trojan to your clients
  • Irrecoverable fees cover – where there is negligent advice and it makes commercial sense to waive an outstanding invoice
  • Data protection cover, including cover for legal costs incurred while defending a criminal prosecution under the Data Protection Act
  • Loss of or damage to digitised data and other documents
  • Access to your own specialist claim handler
  • No admin fees for changes made during the policy period