Insurance For Software Developers

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Business Indemnity Insurance for Software Developers*

Suitable business and professional indemnity insurance for software developers may provide cover for professional indemnity and public liability cover under a combined policy.

For example, Business and professional indemnity insurance for software developers may include*:

  • Financial loss arising from software/system defects
  • Financial loss due to lost or corrupted data
  • Failure to perform and deficiencies
  • Breach of intellectual property
  • Personal injury or property damage resulting from a hardware/product defect
  • Inappropriate or incorrect advice leading to financial loss

Many Software Developers are UNSURE if they are COVERED PROPERLY.
We help them find affordable and SUITABLE INSURANCE so they can run their business with CONFIDENCE.*

Software Developers can access many BIG name insurers AND
industry specific underwriters here:*

Your QUESTIONS regarding
Insurance For Software Developers ANSWERED:*

Software developers need business and professional indemnity insurance to cover for the following business risks:

  • Contractual Liability
  • Breaches of consumer protection legislation
  • Damages caused by faulty software or hardware
  • Inadequate support for your software applications
  • Business interruption
  • Data loss
  • Product Recall
  • First Party Data Recovery
  • Damage and destruction of documents
  • Cover for subcontractors
  • Data migration issues

Note that software developers can be held liable for the advice or the services they perform that may cause financial loss to a third party. As a result software developers need professional indemnity insurance.

Furthermore, Public Liability insurance is a core cover for all Australian businesses – including for software developers – to cover you against damage to a third person or their property.

If you are a software developers and looking for business and professional indemnity insurance please call 1300 542 573 to TALK to a SMART business insurance broker about a suitable policy at an affordable cost for your business.

All software developers that charge a fee for advice or a service need business insurance and professional indemnity insurance.

For example, any software developers performing the following development services need business insurance and professional indemnity insurance.

  • Applications Development – Designing and coding software which is used by humans to solve a particular practical problem. Common application development languages include Java, Visual Basic, VB.NET, and C#.
  • Systems Development – Designing and coding software which works behind the scenes. Common systems development languages include C and C++.
  • Web Development – Designing and coding applications which are housed in a Web browser. Common web development languages include HTML, VBScript, PHP, JavaScript, VB.NET, and C#.
  • Test Automation – Designing and coding software which tests other software. Common test automation languages include Perl, Visual Basic, VB.NET, and C#.

To talk to SMART business insurance broker about a suitable insurance policy for your software development business at an affordable price please contact us on 1300 542 573 or contact us online.

If you are a software developer deciding on whether to use an insurance broker for your business and professional indemnity insurance it is important to consider that brokers act in the interests of the small business owner. Direct insurers and agents act for the insurer. This can be important especially if you need to claim.

Brokers can help software developers by sourcing competitive quotes on policy inception, negotiate with the insurance companies to prevent or limit increases on renewal, remarket your policy to other suitable insurance companies where appropriate, talk to underwriters about policy wordings, industry classifications and terms, talk to insurance assessors during the claims process and repairers where necessary.

  • We act for you – the software developer – not the insurance company
  • You’ll receive a competitive quote on a suitable policy
  • You receive responsive friendly service.
  • You’ll receive a competitive rate on a suitable policy year after year
  • You’ll have us in your court if you need to claim
  • Monthly payment options
  • We’ll do the leg work for you!

For many self-employed sole proprietor software developers combined professional indemnity and pubic liability insurance policy start from $680.

Software developer business insurance cost: from $680 for $1 million professional indemnity PLUS $5 million public liability insurance.

Please note : pricing may vary significantly from the above based on your size, clients, experience and specific software developer business activities.

For a software developer professional indemnity and public liability insurance cost for your business TALK to a SMART Business Insurance broker on 1300 542 573

Depending on the nature of your software developing activities, the size of your projects , the size and type of clients you service and whether you are a sole trader, or employ staff or sub-contractors , different insurance companies and underwriters are likely to provide suitable and affordable cover.

For a suitable and affordable business and professional indemnity software developer insurance quote TALK to a SMART Business Insurance broker on 1300 542 573 or contact us online.

Want guidance on insurance coverage for your software development business?
Get in touch. Here to help you.*

Need more CERTAINTY regarding your business insurance cover?
Have questions or want GUIDANCE?
Get in touch. Here to help you.*

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Small business owners DESERVE to get insurance cover at an
affordable price – and KNOW what they are covered for.*

We are business insurance brokers

What does this mean to you ?
What that means is that we are YOUR representative, and our first responsibility is to YOU, unlike an insurance agent who represents the insurance company.

And in the event of a claim, we fight for YOU, which may mean a faster and more successful claim.^

^Important : We have no power to authorise claims. However, our experience and assistance can help you when you have a claim.

SMART BUSINESS INSURANE BROKERS

REAL LIFE STORIES of small business owners who were UNCERTAIN about their business insurance coverage NOW operating with CONVICTION.*

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Learn More About Insurance for your Business:*

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· We may act for you – not the insurance company
· We may obtain multiple quotes for you on suitable policies from leading insurance companies and underwriters
· You receive responsive friendly service.
· You’ll receive a competitive rate on a suitable policy year after year
· You’ll have us in your court if you need to claim
· Monthly payment options
· We’ll do the leg work for you!

Find out more.