Need Assistance?

Call

Insurance for IT Consultants

 Get a quote Get a quote Or Call
Or Call 1300 836 028
Mon – Fri 8:30am - 5:30pm AET

Why do IT Consultants need insurance?

You’re in IT consulting. Technology is your domain and your brain is wired to talk coding. Despite how perfect your C-code is, or how unbreakable your firewall might be, you’re not a robot, and there are risks you face in your profession which may put your & your business’ financial health into jeopardy. Whether it’s a client alleging they suffered a loss due to a project you completed for them, or you are falling victim to a cyber-attack, unfortunate events can happen at any time to any business. Without adequate insurance cover in place, the impact of such events can have significant impact on your business, and even you personally.

Don’t just insure, be sure

Business insurance can be complicated. What you think you’re paying for isn’t always what you get. As a broker and IT Consultants insurance specialist, Aon helps you find a policy customised for the common risk of your industry so you’re more confident that you’ve found the right type of insurance for your business. 

Why Aon for IT Consultants Insurance?

Don't just insure, be sure.

Right type of cover

  • Aon arranges Insurance tailored to protect against common risks in the IT Consultants industry
  • We help you to understand how your policy protects against the common risks as an IT Consultant
  • Competitive premiums thanks to Aon’s scale and influence.

Specialist support

  • A team of experienced IT Consultants insurance specialists to help you at every step
  • We help you make claims and advocate on your behalf
  • Australian based teams. 

Easy to manage

  • Quotes online or over the phone on 1300 836 028
  • Options to take out premium funding loans to pay monthly. Fees and charges will apply 
  • Adjust your policy any time. Terms and conditions may apply
  • Easy renewal management
  • Online requests for certificates of insurance.

Rely on Aon’s industry expertise in IT Consultants insurance

Business insurance can be complicated. What you think you’re paying for isn’t always what you get. At Aon, we want you to feel confident you’ve made a smart decision for your business insurance needs.

As SME specialists for IT Consultants insurance, we understand the risks that businesses like yours face and how to insure against them. We know insurance policies and understand that the detail of your policy wording is critical to providing the type of cover your small business needs. That’s why we help you by arranging policies customised for the common risks of your industry.

Our team of Australian-based SME insurance experts are here to support you and your business every step of the way. We’ll give you access to the relevant information required to help you understand the cover options available to you so you can feel more informed about your choice of insurance.
What insurance do IT Consultants need?
Professional Indemnity
Get a quote
Get a quote
This may cover you for legal costs and compensation you’re ruled to pay which arise from a client alleging they’ve suffered a financial loss due to your advice.1
Learn more
Public Liability
Get a quote
Get a quote
This may be a requirement for any business that deals with members of the public. It provides cover against claims where a client or a member of the public alleges your business activities caused them physical injury, or damage to their property.1 For example, if someone was to slip and fall while visiting your office.
Learn more
Business Insurance
Get a quote
Get a quote
Business Insurance is a package insurance that allows you to bundle different coverages into one policy. It is designed to include cover for your physical business premises and/or your business assets and equipment. Cover options include damage to building & contents, theft, money, business interruption and portable property, along with computer and machinery breakdown.1
Learn more
Cyber Insurance
Get a quote
Get a quote
Cyber insurance provides cover for financial loss suffered as a result of a cyber attack. This can include phishing, malware and ransomware.1

In providing your service, you likely deal with some very sensitive information, and this data may make you a very lucrative target for cyber criminals.
Learn more
Management Liability
Get a quote
Get a quote
As the owner of a business, you are responsible for making management-related decisions, including decisions about your company’s finances, about your employees, and about the general running of your business.

Management Liability is designed to protect you as a business owner and manager against allegations of mismanagement and actions brought by regulatory authorities.1
Learn more

Cover benefits of Professionals Indemnity Insurance for IT Consultants

Flexible Professional Indemnity cover limits
Choose a level of Professional Indemnity that suits you: $1 million, $2 million, $3 million, $4 million, $5 million, or $10 million with 4 reinstatements.1

Flexible Public and Products Liability cover limits
Choose a level of Public and Product liability that suits you: $5 million, $10 million or $20 million combined Public and Products Liability limit per occurrence and the limit chosen in the aggregate.1

Run-Off Cover
You can be subject to claims for professional wrong-doing even after you retire, cease practising or sell your business. Run-off cover extends your insurance policy for up to 7 years after your business ceases, to respond to claims which arose while the business was operating.1

Unlimited Retroactive Date
You may be covered for claims relating to events that happened before you purchased cover, as long as you weren’t aware of a claim or facts or circumstances which could give rise to a claim before you purchased the policy.1

No Excess
No excess for certain claims against the Professional Indemnity section.1

Complimentary Legal Consultation
During the Period of Insurance, you’re entitled to 1 hour of free legal advice from the appointed firm and legal practitioner listed in your Schedule, on any matter relating to the Professional Services.1

Contractor Cover
The policy we arrange extends to cover actions of contractors you engage.
FAQs
Frequently Asked Questions
Here are some questions commonly asked by IT Consultants.
If I’m an IT Consultant, do I need both Professional Indemnity and Public Liability?
Professional Indemnity insurance helps provide cover for claims made against your business by clients claiming that your specialist services or advice caused them financial loss. Public Liability insurance may help you to pay the costs associated with a third party injuring themselves or damaging their property as a result of your business, or due to using products that you offer. Public Liability can also be taken out as part of a Business Insurance policy or some PI policies.
I run my consulting business from home, what insurance do I need?
The insurance you need will vary depending on the nature of your work. You can take out Professional Indemnity Insurance to cover you if a client alleges your advice caused them financial loss. If you use the internet to conduct any aspect of business, or if you store any client data on your computer, you may be susceptible to cyber risks, so Cyber Insurance would be another consideration. If you operate your business from home, it’s also a good idea to check the coverage under your Home Insurance to see what is covered and decide whether you also need to take out Business Insurance or Public Liability Insurance.
How much Professional Indemnity Insurance do I need?
This will depend on a number of factors such as your business activity your business needs, the size of your business and the clients you work with. Some clients may require you to have a minimum level of cover to work for them. Most PI Insurance policies start at a minimum cover of $1 million, but the minimum may not be enough for you, so you should speak to a qualified solicitor or financial advisor before deciding how much cover you need.
Explore more FAQs
Why do I need Cyber Insurance?
If you use the internet for work, or if you store any client data, you may need Cyber Insurance. This may cover expenses and legal costs associated with a data breach, loss of client information or cyber-attack. Costs can include computer expert services, data recovery, ransom and legal costs.

Do I need to take out separate insurance to cover my employees?
Yes, if you employ staff, you will need to take out Workers Compensation Insurance. You can speak to your state regulator about your needs as coverage and legislation varies between different states.

What if I retire or leave the profession?
Professional Indemnity insurance policies arranged by Aon are ‘Claims made and notified’ policies.  This means that the policy only provides cover for claims made against you whilst the policy is in force (subject to policy terms and conditions).  If the policy lapses, is not renewed or is cancelled, there is no cover available under the policy for claims made against you after that time

If you plan to retire or leave the professional, you may need to arrange Run-Off cover. Run-off cover provides cover for claims made against you after your current Professional Indemnity policy expires. Run-off cover is NOT automatically provided; you must apply for run-off cover AND be accepted by your insurer in order to have run-off cover apply. If your policy is lapsed, not renewed or cancelled, and you have not applied for run-off cover, you may be uninsured for any claims made against you after your current policy expires, lapses or is cancelled

For example if a client makes a claim against you for an act, error or omission due to that past work performed then the policy you have in place at the time of the claim, not the time of the work will respond.

Related News

The news you need to know

Read more
Risk & Insurance | 5 min Read

Common Public Liability Claims

Here are some of the ways Public Liability Insurance claims can come about

Risk & Insurance | 4 min Read

The difference between Public Liability & Professional Indemnity

How well do you understand the difference between these two covers?

Risk & Insurance | 4 min Read

A guide to Professional Indemnity for your small business (2021)

Professional Indemnity Insurance Explained
Insurance

Other covers to consider

View other insurance policies arranged through Aon for IT Consultants.
Workers’ Compensation
Get a quote
Get a quote
Workers’ Compensation Insurance covers an Employer’s liability to a worker for injuries arising out of their employment. Workers’ Compensation Insurance is mandatory but the requirements and legislation varies between the different States and Territories so you should check before making a decision.1
Learn more
Product Liability
Get a quote
Get a quote
Product Liability insurance is typically included as part of a public liability insurance policy.1

Product Liability insurance helps protect your business against financial liability for third party injury or damage caused by products sold or supplied through your business.

Public and Products Liability policies can cover legal defence and court costs, assisting your business with the financial setbacks of defending a claim.
Learn more
Personal Accident
Get a quote
Get a quote
Personal Accident insurance can protect you in the event of accidental injury, providing a lump sum payment or covering your loss of income to help give you the financial support you need.1

Depending on your individual needs and circumstances, Personal Accident insurance can be tailored to cover you for injuries sustained at work, on your journey to work, and/or anywhere, covering you 24/7.

Everyone’s professional and personal circumstances are different, and that’s why it’s important to get the right insurance mix to support your individual needs. If you would like to find out more about insurance coverage, please contact the Aon team on 1800 688 582.
Learn more
Car and Home Insurance
1300 134 256
1300 134 256
Aon arrange a variety of personal insurance products for our clients including Home, Contents, Motor, Landlords, Boat and Caravan insurance.1

If you like to keep all your insurances in one place, please talk to one of our advisors about our options and pricing.
Learn more

Contact

Get in touch with our specialists

Call 1300 836 028

8:30am - 7:00pm AET
Mon - Fri (except public holidays) 

Email us

au.professions@aon.com
1Subject to full terms, conditions and limits of the policy. Please review the full policy wording for more information.

Consultants Professional Indemnity and Broadform Liability is arranged by Aon Risk Services Australia Limited ABN 17 000 434 720 AFSL 241141 (Aon) as agent for the insurer, Insurance Australia Limited trading as CGU Insurance, ABN 11 000 016 722 AFSL 227681. If you purchase this insurance Aon will receive a commission that is a percentage of the premium. Please let us know if you would like any further information.