IT contractor insurance

In partnership with
Bought by Many

We’ve teamed up with Bought by Many to get you up to 10% off your professional indemnity and public liability insurance.

Professional indemnity
from
£7
a month

Professional indemnity insurance defends you against claims of negligence, breach of confidentiality, dishonesty, libel and slander. We offer up to £10,000,000 cover.

+ Public liability
£4.40
a month
£1,000,000 for physical damage and injuries caused by your business
+ Cyber liability
£9.90
a month
£50,000 for hacks, breaches and data loss

Summary of cover

A quick-reference, all-you-need-to-know guide to the insurance you’re getting.

Download PDF
[0.2 MB]

Policy wording

The formal bit of the policy, detailing exactly what is and isn’t covered.

Download PDF
[0.5 MB]
Based on an annual income of up to £25,000. All prices include IPT at 10%.
Quote online for turnovers up to £5,000,000, or call and talk to an expert.

Expert ease

Technology is black or white – either it works or it doesn’t. Or that’s what customers think. In reality, it may not always be that straightforward, and problems may be tougher to solve than they expect. Explanations can sound like excuses and it often isn’t long before fingers are pointed.

Fortunately, IT contractors insurance can give you peace of mind.

Why do IT contractors need insurance?

However expert and dedicated you are, the reality is that things can go wrong. Errors are made, accusations follow, the legal profession gets involved and customers want to be compensated – and you could be the ones to suffer. Closing your eyes to a problem won’t solve it. You must do something.

You need professional indemnity insurance because you have a contract to complete; your pockets aren’t bottomless; you don’t have legal expertise; and you need to protect your good name.

How much professional indemnity insurance do I need?

Deciding how much professional indemnity insurance you need involves thinking about they types of contracts you take, who they’re for, and what it involves. Then think about your nightmare scenario, and how much it could end up costing you.

You can never have too high a level of cover – your own legal team will need to be paid for, before you even think about any payouts to the client. Your policy will need to cover all of this.

Read this guide or call us if you need more assistance.

What does professional indemnity insurance cover?

In general terms, it offers IT contractors protection against alleged negligence and claims made against you by customers and third parties.

Specifically, it can also cover loss of documents or data, dishonesty on the part of an employee, transmission of viruses, any breaches of confidentiality and third-party equipment going wrong - and a whole host of other areas. It all depends on the wording of the policy.

And the best thing is, some policies can correct a mistake before the customer even gets to know about it, avoiding a claim being made.

Do I need public liability insurance?

If you are working out of the office (for example, installing equipment) or someone else visits yours, then this insurance protects you if someone else claims you have damaged their property or caused an injury. Helpful if you are clumsy, and also in avoiding the costly knock-on effects.

So yes, probably.

What else do I need?

Employers’ liability insurance - provides cover if an employee sues you for damages, mainly because they have health problems as a result of working for you. A legal must for UK firms with staff.

Office and property insurance - for all the furniture, equipment and plants in your office.

Portable insurance - gadgets used away from base like laptops, tablets and projectors.

Business interruption insurance - means you can carry on working even if your own office is unusable. The policy will cover the cost of setting up elsewhere and for any money you have lost in the meantime.

Directors’ and officers’ insurance - covers company bosses, because they can be held personally liable for their actions. Your policy covers your defence costs, and any payouts you could have to make.

What other IT contractors say about us
Very good prices and service. Website and quote system is very easy to use too.
Kerri-Ann Hockley, made the process very simple and quick. She was friendly, helpful and quick to reply to emails - she is an asset to your company. it was a pleasure to do business with you.
Service was prompt and responsive. Would certainly use them again.
Easy to use web site and helpful when I had questions.
Clear information, easy to use and fast.
Read more than 2,100 positive reviews on Feefo

Prefer to chat?

We’re here Mon-Fri, 9-5.30.
Give us a ring on 0345 561 0320.
Or ask us to ring you.
Sarah Adams
Senior Account Executive