Professional indemnity insurance for IT consultants is vital because you may face claims from both your clients and the end user. With potential errors around data protection, programming issues and failure of software, among others, a mistake on the part of an IT consultant can have a serious financial impact on a business.
We’ve worked with businesses of all shapes and sizes across the UK for more than 30 years, so we understand the challenges you face and the importance of providing independent, impartial and practical insurance advice. Our professional indemnity insurance specialists work with a select panel of insurers to ensure you have the right level of cover for your business – and provide expert advice – at a competitive price.
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Professional indemnity insurance provides cover for legal costs and compensation claims from third parties. These may arise as a result of providing negligent advice or services resulting in financial loss.
Our specialist PI policy provides cover for a wide range of IT consultants, including hardware consultants, web designers and software vendors.
PI is for third-party losses, so you will need a separate cyber liability policy to protect your own business against these risks.
You need adequate professional indemnity insurance even if you’re providing your advice or services for free.
The recommended amount of cover (often referred to as a “limit of indemnity”) varies according to your contracts or any professional/industry bodies you belong too. It depends upon the type of work undertaken, typical contract values and a host of other factors. If you want guidance on a suitable professional indemnity limit, either contact us or speak to your professional or industry body.
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