16 Mar No Comments admin Uncategorized

What Sorts Of Insurance Do IT Professionals NeedIn the past few years, IT has successfully integrated into all aspects of businesses and even in our daily lives. Every type of business now relies on some form of IT system to maintain day to day operations and ensure success in the long term.

All of this requires IT professionals to be constantly engaged with third party clients to provide services and cater to their business needs.

This means there can be ups and downs with instances where claims are made against your services as an IT contractor. You need the right insurance coverage to protect yourself from such claims.

Why Do You Need Insurance Policies As An IT Professional?

With the rapidly growing integration of IT systems, businesses are constantly relying on sophisticated hardware to facilitate operations.

This makes IT professional even more prone to being held liable for their work.

Dealing with deadlines, handling critical data and offering advice bring along a high risk element. There is a large potential for mistakes and things going wrong. Considering the fact that you, as an IT contractor, often provide products with training advice or suggestions, you need to be able to protect yourself and your employees if claims are made.

On the other hand, without the right insurance policy, there is a good chance that you wouldn’t be considered for high risk projects.

If you offer any of the following services or any other services related to the ones mentioned below, consider purchasing IT Liability insurance:

  • IT recruitment
  • Data analytics
  • Search Engine Optimisation
  • IT training
  • Web hosting
  • Web design
  • Sale of software
  • IT systems integration
  • IT Consultants

The Types Of Insurance Policies You Need

Due to the ambiguity pertaining to the nature of your products, many face difficulty deciding the type of insurance policies they should purchase.

The easiest way to address this problem is by purchasing professional indemnity insurance and public liability insurance from a reliable insurance carrier or a combined policy called IT Liability

Public Liability Insurance

Why take out both types of insurance policies? Public liability insurance helps protect you when the claims are made against a product.

Liability insurance would cover you from property damage and injuries that occur from your working within third party premises. The policy will also cover any other consequences that occur due to issues in the products or services provided.

Professional Indemnity Insurance

A large portion of providing IT services is about offering suggestions and advice to train employees on using specific software or on using the latest IT system. If a claim is made against any advice you have given out, it would be considered as a service and would be covered under professional indemnity insurance. Moreover, you might also be legally required to have professional indemnity insurance.

For a wide variety of insurance solutions for small businesses, get in touch with us today. You can also get started with your free quote by filling out asmall form.