Tailored Insurance for IT Consultants
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.
If you operate your own IT consulting practice, there are a few types of insurance you may need to protect your business. While there may be legal requirements for you to hold a minimum level of cover, it is worth taking the time to speak to your broker and determining which insurance policies you may need. In our opinion, the most basic form of insurance required is Professional Indemnity Insurance, which can protect you and your business if a client alleged your services caused them financial loss. In addition to Professional Indemnity Insurance, IT Consultants may also need other forms of cover. If your work involves dealing with any members of the public, you might also need Public Liability Insurance. Business Insurance may also be a good option if you operate out of a physical business premises. If you use the internet for any part of your work, or store any client data, you may be susceptible to cyber threats so Cyber Insurance might also be of interest to you.