IT companies insurance

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Tailored insurance for IT companies.

Whether you’re an IT consultant, a software developer, or a web developer, you’ll need insurance to protect your business. IT companies insurance from Provide starts with professional indemnity insurance, so that you’re protected from lawsuits. You’ll also want to cover yourself against staff injuries and Covid-19 infections, public liability, and employee theft.

It’s quick, tailored, and affordable cover with Provide.

What types of insurance do IT companies need?

Cover

Explanation

Importance for IT companies

Professional indemnity insurance

Covers negligence, errors and omissions, professional mistakes that result in lawsuits

Critical

Cyber liability insurance

Covers liability from cyber attacks that expose your customers/clients data

Critical

Directors & officers (D&O) insurance

Covers personal lawsuits against directors and officers

Critical

Work injury compensation insurance

Covers work-related injuries/sickness, including Covid-19 infections

Legally required for manual workers

 

Critical for office workers

Commercial property insurance

Covers fire, water damage, burglary, etc.

Critical if you rent commercial property

Public liability insurance

Covers customer injuries, and third-party property damage (e.g. during renovations)

Critical if you rent commercial property

Machinery and equipment insurance

Covers sudden breakdown of IT equipment (e.g. servers)

Good to have

Fidelity guarantee insurance

Covers employee theft and fraud

Good to have

Commercial property insurance

shop fire insurance

Commercial property insurance will protect your store premises, business inventory, display windows, and all other shop contents.

Public liability insurance

public liability insurance

Public liability insurance will protect you from liability for injuries/property damage to third-parties. 

Fidelity guarantee insurance

fidelity guarantee insurance

Fidelity guarantee insurance will protect you from employees stealing from your business.

How much does IT companies insurance cost?

Cover

Coverage amount (examples)

Typical premium

Professional indemnity insurance

$100,000

 

$1 million

Critical

Cyber liability insurance

$250,000

 

$1 million

From $600/year

 

From $1000/year

Directors & officers (D&O) insurance

$100,000

 

$1 million

From $500/year

 

From $1000/year

Work injury compensation insurance

$10 million (statutory limit required by MOM)

Office-based: From $60/year per worker

Commercial property insurance

$100,000

From $100/year

Public liability insurance

$100,000

From $100/year

Machinery and equipment insurance

$50,000

From $400/year

Fidelity guarantee insurance

$10,000

From $100/year

 

Why use Provide for IT companies insurance?

– Save up to 25% on your premiums
– Compare quotes from multiple insurers
– Industry experts to provide tailored advice
– Available by phone 7 days/week 

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