![\"IT](\"https:\/\/www.policybee.co.uk\/blog\/wp-content\/uploads\/2011\/02\/crowd-of-different-people-in-a-wifi-shape-JH-edit-graphic_shutterstock_331381688.jpg\")
<\/figure>\n<\/div>\n\n\nIf you\u2019re in the IT world, you\u2019ll understand what a broad spectrum of specialisms exists. From data science to software development, every self-employed IT consultant has a niche set of skills.<\/p>\n\n\n\n
Because of those unique specialisms, the risks you face are unique too. And your IT industry insurance needs to reflect that.<\/p>\n\n\n\n
As an IT specialist, there are plenty of allegations you could face. Imagine you spend months building a program for a client but they say it isn\u2019t fit for purpose. Or somebody claims you\u2019ve given them bad advice. It\u2019s important not to let these glitches put your business into meltdown.<\/p>\n\n\n\n
<\/p>\n\n\n\n
What does professional indemnity insurance offer?<\/strong><\/h2>\n\n\n\nProfessional indemnity (PI) insurance<\/a> is the most important type of insurance for IT consultants. Your reputation and your bank balance are the things most likely to suffer if it all goes wrong in your line of work.<\/p>\n\n\n\nPI insurance will protect you, your business, and your good name if somebody accuses you of not doing a satisfactory job. It pays for legal representation and any compensation if you\u2019re found to be in the wrong.<\/p>\n\n\n\n
Say you build an application for a client. They\u2019ve paid you tens of thousands of pounds. But they\u2019re not happy. They don\u2019t believe your application delivers what you promised. They\u2019re well out of pocket now and left with something that\u2019s not up to scratch.<\/p>\n\n\n\n
Or you provide a client with advice on cyber security. And then they’re hacked. It\u2019s cost them time and money, and there’s been a sensitive data leak. Understandably, they\u2019re going to point the finger at you. And will probably want compensating.<\/p>\n\n\n\n
The important thing to remember is that claims can cost you huge sums of money, even if the accusations are false. No matter how good you are at your job, you could still face allegations. And you’ll have to deal with them.<\/p>\n\n\n\n
But the good news is, with a good IT professional indemnity policy in place, you\u2019ll have total peace of mind. Even in the worst situations.<\/p>\n\n\n\n
<\/p>\n\n\n\n
What to look for in your policy wording<\/strong><\/h2>\n\n\n\nSo, what kind of things should you be looking for from your IT consultant insurance<\/a>? That\u2019s a good question.<\/p>\n\n\n\nIf you have a professional indemnity policy already, or you\u2019re looking for one, check the wording to make sure it\u2019s IT-specific rather than miscellaneous or generic.<\/p>\n\n\n\n
Ideally, it should include cover for claims arising from:<\/p>\n\n\n\n
\n- Infringement of IP<\/strong>. That\u2019s intellectual property infringement. Someone claims you\u2019ve copied their brand style and name for example.<\/li>\n\n\n\n
- Breach of contract<\/strong>. Say you build an application for a client, and you miss major deadlines. Or you don\u2019t deliver on something else you\u2019ve agreed to in writing.<\/li>\n\n\n\n
- Negligence or breach of duty<\/strong>. This is the advice one. If you\u2019re a consultant and a client believes they\u2019ve been misled, there could be a claim coming your way.<\/li>\n<\/ol>\n\n\n\n
Generic professional indemnity insurance may protect you to a certain degree. But to be fully covered for the specialist work you do, it\u2019s always a good idea to talk it through with a broker and make sure your policy is the right one for you.<\/p>\n\n\n\n
Also, check the level of cover is enough. You don\u2019t want to be left high and dry if a client sues you for more than your policy will pay out.<\/p>\n\n\n\n
How do you know how much is enough<\/a>? Think about these things: if you make a mistake, what\u2019s the worst-case scenario? How much money will it take to fix it? How expensive could it be to defend yourself if you\u2019re dragged into a dispute? (Answer: very.)<\/p>\n\n\n\nWhether you\u2019re a computer programmer, software developer, consultant, or something in between, we can help you tailor the perfect IT industry insurance package.<\/p>\n\n\n\n
<\/p>\n\n\n\n
What other insurance do IT industry professionals need?<\/strong><\/h2>\n\n\n\nThere are a few other types of IT industry insurance you might want to consider.<\/p>\n\n\n\n
Cyber insurance<\/a> is another important one for IT specialists. If you\u2019re web hosting for a client and their site gets hacked, PI will protect you. Cyber insurance will look after you if you\u2019re<\/em> the victim of cybercrime and you<\/em> lose out. <\/p>\n\n\n\nPublic liability<\/a> is a good idea if you’re meeting clients face to face.\u00a0Whether you visit clients at work, or they come to you, accidents can happen. A client trips over some wires in your office, or you spill your drink on their expensive equipment on-site \u2013 all these little mishaps can cost you big time.<\/p>\n\n\n\nYou\u2019ll also need employers\u2019 liability<\/a> if anyone works for you. It\u2019s a legal requirement, even if you only have one employee.<\/p>\n\n\n\nWhether you work from home or own an office space, you might want to consider some kind of office insurance<\/a> too.<\/p>\n\n\n\n<\/p>\n\n\n\n
Click on the link for more information on insurance for your IT business<\/a>. Or you can call us on 0345 222 5391 <\/strong>to speak to a friendly adviser.<\/p>\n\n\n\nImage used under license from Shutterstock.<\/em><\/p>\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"
If you\u2019re in the IT world, you\u2019ll understand what a broad spectrum of specialisms exists. From data science to software development, every self-employed IT consultant has a niche set of skills. Because of those unique specialisms, the risks you face … Continue reading
PI insurance will protect you, your business, and your good name if somebody accuses you of not doing a satisfactory job. It pays for legal representation and any compensation if you\u2019re found to be in the wrong.<\/p>\n\n\n\n
Say you build an application for a client. They\u2019ve paid you tens of thousands of pounds. But they\u2019re not happy. They don\u2019t believe your application delivers what you promised. They\u2019re well out of pocket now and left with something that\u2019s not up to scratch.<\/p>\n\n\n\n
Or you provide a client with advice on cyber security. And then they’re hacked. It\u2019s cost them time and money, and there’s been a sensitive data leak. Understandably, they\u2019re going to point the finger at you. And will probably want compensating.<\/p>\n\n\n\n
The important thing to remember is that claims can cost you huge sums of money, even if the accusations are false. No matter how good you are at your job, you could still face allegations. And you’ll have to deal with them.<\/p>\n\n\n\n
But the good news is, with a good IT professional indemnity policy in place, you\u2019ll have total peace of mind. Even in the worst situations.<\/p>\n\n\n\n
<\/p>\n\n\n\n
What to look for in your policy wording<\/strong><\/h2>\n\n\n\nSo, what kind of things should you be looking for from your IT consultant insurance<\/a>? That\u2019s a good question.<\/p>\n\n\n\nIf you have a professional indemnity policy already, or you\u2019re looking for one, check the wording to make sure it\u2019s IT-specific rather than miscellaneous or generic.<\/p>\n\n\n\n
Ideally, it should include cover for claims arising from:<\/p>\n\n\n\n
\n- Infringement of IP<\/strong>. That\u2019s intellectual property infringement. Someone claims you\u2019ve copied their brand style and name for example.<\/li>\n\n\n\n
- Breach of contract<\/strong>. Say you build an application for a client, and you miss major deadlines. Or you don\u2019t deliver on something else you\u2019ve agreed to in writing.<\/li>\n\n\n\n
- Negligence or breach of duty<\/strong>. This is the advice one. If you\u2019re a consultant and a client believes they\u2019ve been misled, there could be a claim coming your way.<\/li>\n<\/ol>\n\n\n\n
Generic professional indemnity insurance may protect you to a certain degree. But to be fully covered for the specialist work you do, it\u2019s always a good idea to talk it through with a broker and make sure your policy is the right one for you.<\/p>\n\n\n\n
Also, check the level of cover is enough. You don\u2019t want to be left high and dry if a client sues you for more than your policy will pay out.<\/p>\n\n\n\n
How do you know how much is enough<\/a>? Think about these things: if you make a mistake, what\u2019s the worst-case scenario? How much money will it take to fix it? How expensive could it be to defend yourself if you\u2019re dragged into a dispute? (Answer: very.)<\/p>\n\n\n\nWhether you\u2019re a computer programmer, software developer, consultant, or something in between, we can help you tailor the perfect IT industry insurance package.<\/p>\n\n\n\n
<\/p>\n\n\n\n
What other insurance do IT industry professionals need?<\/strong><\/h2>\n\n\n\nThere are a few other types of IT industry insurance you might want to consider.<\/p>\n\n\n\n
Cyber insurance<\/a> is another important one for IT specialists. If you\u2019re web hosting for a client and their site gets hacked, PI will protect you. Cyber insurance will look after you if you\u2019re<\/em> the victim of cybercrime and you<\/em> lose out. <\/p>\n\n\n\nPublic liability<\/a> is a good idea if you’re meeting clients face to face.\u00a0Whether you visit clients at work, or they come to you, accidents can happen. A client trips over some wires in your office, or you spill your drink on their expensive equipment on-site \u2013 all these little mishaps can cost you big time.<\/p>\n\n\n\nYou\u2019ll also need employers\u2019 liability<\/a> if anyone works for you. It\u2019s a legal requirement, even if you only have one employee.<\/p>\n\n\n\nWhether you work from home or own an office space, you might want to consider some kind of office insurance<\/a> too.<\/p>\n\n\n\n<\/p>\n\n\n\n
Click on the link for more information on insurance for your IT business<\/a>. Or you can call us on 0345 222 5391 <\/strong>to speak to a friendly adviser.<\/p>\n\n\n\nImage used under license from Shutterstock.<\/em><\/p>\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"
If you\u2019re in the IT world, you\u2019ll understand what a broad spectrum of specialisms exists. From data science to software development, every self-employed IT consultant has a niche set of skills. Because of those unique specialisms, the risks you face … Continue reading
If you have a professional indemnity policy already, or you\u2019re looking for one, check the wording to make sure it\u2019s IT-specific rather than miscellaneous or generic.<\/p>\n\n\n\n
Ideally, it should include cover for claims arising from:<\/p>\n\n\n\n
- \n
- Infringement of IP<\/strong>. That\u2019s intellectual property infringement. Someone claims you\u2019ve copied their brand style and name for example.<\/li>\n\n\n\n
- Breach of contract<\/strong>. Say you build an application for a client, and you miss major deadlines. Or you don\u2019t deliver on something else you\u2019ve agreed to in writing.<\/li>\n\n\n\n
- Negligence or breach of duty<\/strong>. This is the advice one. If you\u2019re a consultant and a client believes they\u2019ve been misled, there could be a claim coming your way.<\/li>\n<\/ol>\n\n\n\n
Generic professional indemnity insurance may protect you to a certain degree. But to be fully covered for the specialist work you do, it\u2019s always a good idea to talk it through with a broker and make sure your policy is the right one for you.<\/p>\n\n\n\n
Also, check the level of cover is enough. You don\u2019t want to be left high and dry if a client sues you for more than your policy will pay out.<\/p>\n\n\n\n
How do you know how much is enough<\/a>? Think about these things: if you make a mistake, what\u2019s the worst-case scenario? How much money will it take to fix it? How expensive could it be to defend yourself if you\u2019re dragged into a dispute? (Answer: very.)<\/p>\n\n\n\n
Whether you\u2019re a computer programmer, software developer, consultant, or something in between, we can help you tailor the perfect IT industry insurance package.<\/p>\n\n\n\n
<\/p>\n\n\n\n
What other insurance do IT industry professionals need?<\/strong><\/h2>\n\n\n\n
There are a few other types of IT industry insurance you might want to consider.<\/p>\n\n\n\n
Cyber insurance<\/a> is another important one for IT specialists. If you\u2019re web hosting for a client and their site gets hacked, PI will protect you. Cyber insurance will look after you if you\u2019re<\/em> the victim of cybercrime and you<\/em> lose out. <\/p>\n\n\n\n
Public liability<\/a> is a good idea if you’re meeting clients face to face.\u00a0Whether you visit clients at work, or they come to you, accidents can happen. A client trips over some wires in your office, or you spill your drink on their expensive equipment on-site \u2013 all these little mishaps can cost you big time.<\/p>\n\n\n\n
You\u2019ll also need employers\u2019 liability<\/a> if anyone works for you. It\u2019s a legal requirement, even if you only have one employee.<\/p>\n\n\n\n
Whether you work from home or own an office space, you might want to consider some kind of office insurance<\/a> too.<\/p>\n\n\n\n
<\/p>\n\n\n\n
Click on the link for more information on insurance for your IT business<\/a>. Or you can call us on 0345 222 5391 <\/strong>to speak to a friendly adviser.<\/p>\n\n\n\n
Image used under license from Shutterstock.<\/em><\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
If you\u2019re in the IT world, you\u2019ll understand what a broad spectrum of specialisms exists. From data science to software development, every self-employed IT consultant has a niche set of skills. Because of those unique specialisms, the risks you face … Continue reading
- Breach of contract<\/strong>. Say you build an application for a client, and you miss major deadlines. Or you don\u2019t deliver on something else you\u2019ve agreed to in writing.<\/li>\n\n\n\n