Professional Indemnity Insurance for the Tech Sector
Professional indemnity insurance for IT consultants, tech professionals and tech businesses with Meadow Broking.
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Protect yourself and your business with tech PI insurance
The tech industry is growing and fast-moving. It’s a sector that encompasses an ever-expanding range of businesses and individuals. The one thing they all have in common though is the need for comprehensive PI insurance for technology professionals and tech businesses to protect claims made by clients for errors, negligence or omissions.
Whether it’s professional indemnity insurance for software developers, data migration consultants professional indemnity insurance or cover for any of the many other areas of the sector, technology and cyber professional indemnity insurance is not a nice to have. It’s a must have.
Using Meadow Broking to find the best technology insurance to protect you means you don’t have to take time away from your business. We do the work for you. Finding the cover you need and comparing policies. And while we share your enthusiasm for technology, we also know that sometimes you want to speak to a real person. That’s why we pride ourselves on giving each and every client a truly personal service.
How it works
Whether it’s your first attempt at finding UK professional indemnity insurance for tech professionals or you’ve almost given up trying, let Meadow Broking help. The process is simple and personal.
Who we help
Meadow Broking helps an increasing number of IT and technology professionals and technology businesses to protect their businesses as the sector continues to expand. Anybody offering professional services in technology-related industries can benefit from our support and advice.
Freelancers might need PI insurance for IT contractors; larger businesses could be searching for professional indemnity insurance for software companies and AI PI insurance is increasingly in demand.
We can help software developers find insurance, as well as cloud computing suppliers, social media professionals and data processing. Our experts can also help anyone working in cybersecurity, website design or any other type of tech company.
Need advice? Call 0118 315 0866 to speak to us.
Lines Open: Monday-Friday: 8am – 6.30pm
Professional Indemnity Insurance For Tech Professionals FAQs
Select an option below to answer your questions about PI for tech professionals
What is professional indemnity insurance for IT companies and other tech professionals?
What types of tech professions need PI insurance?
What does technology professional indemnity insurance cover?
Is professional indemnity insurance a legal requirement?
How much professional indemnity insurance do I need as a UK tech professional?
Does my technology professional indemnity insurance cover me for work with overseas clients?
What if I need public liability and professional indemnity insurance?
What is professional indemnity insurance for IT companies and other tech professionals?
Professional indemnity insurance protects businesses from some claims that may be made against you by clients or customers. It’s a necessary insurance for any professional or company that offers advice or services that could potentially cause a loss to a client. Whether the loss is caused deliberately through negligence or is the result of a professional mistake you make, PI insurance for tech professionals has you covered.
What types of tech professions need PI insurance?
It’s difficult to think of a tech professional who wouldn’t benefit from taking out a PI insurance policy. Professional indemnity insurance for web designers could protect against coding errors for example while professional indemnity insurance for it contractors can cover costs due to the transmission of viruses. Essentially anyone whose work could be held responsible for a loss to someone else should consider PI insurance.
What does technology professional indemnity insurance cover?
Policies differ, but the advantage of using tech PI insurance brokers like Meadow Broking is that we can ensure that you get the policy that covers everything you need. Our expertise can help with options to reduce your costs, whether you develop AI systems or design websites. As we’ve already said, cover is designed to protect you if you make a mistake or there is a claim of negligence against you or your firm.
The type of incidents that professional indemnity insurance for the technology sector covers include the following:-
- Breach of contract, if you fail to deliver services as agreed in the client contract.
- Error, omission, misstatement or misrepresentation, if you provide incorrect advice or leave out key information.
- Data breach or breach of confidentiality, if you share sensitive information without permission.
- Defamation, if you make libellous statements about a client.
- Breach of copyright, if you infringe copyrights, intellectual property or trademarks.
- Loss or damage to documents, if documents are damaged or lost while in your possession.
Depending on your policy you may even be covered for the costs of rectifying a mistake before your client has noticed.
What Our Clients Say
Is professional indemnity insurance a legal requirement?
There are a few professions in the UK who demand professional liability insurance as a condition of membership of their professional bodies. This doesn’t tend to impact many tech professionals. However, you may find that any company you are working with will want you to hold tech PI insurance for their protection, especially if you work as a freelancer or independent contractor. For example, IT contractor professional indemnity insurance is generally a mandatory requirement in contracts. You may also discover that PI insurance is a requirement if you intend to find employment through an agency.
How much professional indemnity insurance do I need as a UK tech professional?
One of the first things that Meadow Broking will do is find out more about you and the work that you do. This will help us to determine the level of cover that is appropriate to you. Making sure that you aren’t spending too much, or paying for too much cover.
Does my technology professional indemnity insurance cover me for work with overseas clients?
Tech professionals frequently work across international borders. That’s why it’s important to make sure that any cover you get doesn’t just protect work you do in the UK or for UK clients. Meadow Broking’s service will compare the technology PI insurance policies that cover the areas you work in. We take into account both the geographical and jurisdiction limits of the policies we compare. The geographical limits will define where you are covered to physically work, while jurisdiction limits refer to the countries whose laws contracts are subject to.
Meadow Broking have expertise in supporting technology companies that trade with or have customers in the USA, including Additional Insured cover, Waiver of Subrogation conditions and contract negotiations.
Need advice? Call 0118 315 0866 to speak to us.
Lines Open: Monday-Friday: 8am – 6.30pm
What if I need public liability and professional indemnity insurance?
While some tech professionals work fully remotely and independently, others will come into contact with the public. If this is the case for you or your business you may want to consider public liability insurance. Meadow Broking can help arrange this with your PI insurance.
You may also want to consider cover for loss or damage to your Computer or Laptops, which are critical to your business.
Contact Meadow Broking Today
Meadow Broking can help with even the most complex of cases. So however tricky you’re finding it to buy professional indemnity insurance for your technology business, contact us now to get a quote tailored for your unique PI circumstances. You may also want to consider cover for loss or damage to your Computers or Laptops, which are critical to your business.
