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For IT consultants, professional indemnity insurance is absolutely critical so that you’re protected from legal liability. You’ll also want to cover yourself against staff injuries and Covid-19 infections, public liability, and office damage.Â
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It’s quick, tailored, and affordable cover with Provide.
Cover | Explanation | Importance for IT consultants |
Professional indemnity insurance | Covers professional liability from negligence, errors and omissions, and other consulting advice you provide | Critical |
Work injury insurance | Covers employee work-related injuries/sickness, including Covid-19 infections | Critical |
Public liability insurance | Covers injuries, and third-party property damage (e.g. while performing non-profit activities like food delivery, caring for elderly, etc.) | Critical |
Commercial property insurance | Covers fire, water damage, burglary, etc. to your office | Critical |
Directors and Officers insurance | Covers company directors and officers from personal liability | Good to have |
Fidelity guarantee | Covers employees stealing money from you, or committing fraud against the organisation | Good to have |
Commercial property insurance
Commercial property insurance will protect your store premises, business inventory, display windows, and all other shop contents.
Public liability insurance
Public liability insurance will protect you from liability for injuries/property damage to third-parties.Â
Fidelity guarantee insurance
Fidelity guarantee insurance will protect you from employees stealing from your business.
Cover | Coverage amount (example) | Typical premium | Explanation | Importance for consultants |
$100,000 | From $100/year | Covers: –         Store premises –         Inventory –         Equipment –         All other store contents –         Plate glass (e.g. shop windows) | Critical | |
$100,000 | From $100/year | Covers liability if customers get injured in your store. Covers liability if you damage other people’s property (e.g. during renovations/repair work). | Critical | |
Work injury compensation insurance  | $10 million annual limit (market standard, required by Singapore law) | Sales assistant/cashier: $10/month, per worker Office-based roles: $5/month, per worker  | Covers work-related injuries/sickness, including Covid-19 infections. | Critical |
$5,000 | From $100/year | Covers employee’s stealing money from you. | Good to have |