Insurance for software developers Insurance for software developers

Our cover for coders, developers and programmers is as up-to-the-minute as your skills. Customise a policy that's specific to your discipline.

Be quote confident. We'll beat the price of any like-for-like quote. T&Cs apply.

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Why choose Superscript for software developer insurance?

Software developers, coders and programmers work at the cutting edge of the digital economy, and with that comes a set of unique risks. With Superscript, you can build the perfect tailored policy that includes all the cover you need to have confidence that your business is protected.

From professional indemnity and public liability, to business equipment and cyber cover, you'll only pay for what you need, when you need it.

  • Pay monthly or annually, it’s your choice
  • Get set up in as little as 10 minutes
  • Instantly download your policy documents
  • Amend your cover at any time with no fees

What covers do software developers need?

Professional indemnity insurance

Professional indemnity insurance covers mistakes arising from your services, including compensation payments if your client suffers financial loss, fines, contract disputes, legal costs, IP and copyright disputes. This is considered essential for anyone offering advice and professional services.

Cyber insurance

Anyone working in the digital economy will know that cybersecurity is crucial. With cyber-attacks on the rise and regulations such as the GDPR and PCI DSS in force, a breach could be devastating to your business or your client's business. Even with protection from the most up-to-date security solutions, it's impossible to protect against all manner of breaches. This is where cyber insurance comes in, providing market-leading 24 hour beach response support, compensation costs as well as associated penalties and legal costs.

Public liability insurance

Public liability insurance is a cover to consider if you ever work around other people, even working remotely outside an office. If you accidentally injure somebody, or damage their property, you could end up with an expensive claim against you.

Employers' liability insurance

Unlike other types of business insurance, employers' liability insurance is usually a legal requirement in the UK if you hire anyone in a business capacity - whether full-time, part-time, paid or unpaid.

If there is anyone on your payroll, it's important to understand if you need employers' liability insurance. If you don't have it in place your business could be fined up to £2,500 for each day that you don't have cover in place.

Business equipment insurance

Our business equipment cover can protect the equipment that is vital to your business as a software developer against loss, damage or theft. Enjoy peace of mind knowing that your gear is protected, whether it laptops and computers with specialised software, the phones you use to communicate or any other equipment that your business uses, in the office or out and about. Most of our claims are settled within 48 hours so we will get you up and running again in no time.

Once you've completed a quote, you'll be able to view a summary of cover. Please always refer to your policy documents for full details around exclusions, terms and limits of your customised cover. Read our guide to understanding your policy documents.

Be quote confident

We're big on fairness. So if you find a lower price for a comparable quote, we won't just match it – we'll go one better and beat it.

So even better than apples to apples, apples to better apples. We're talking Galas to Braeburns.

As you'd expect, T&Cs apply.

Software developer insurance claim examples

There are many different situations in which you, as software developer or programmer, may require business insurance. Here are a few examples of claims where you could be liable, or entitled to a payout.

Bad advice

You are hired on a freelance consulting basis by a company to advise them on developing a new app. Mistakes in your advice lead to the company losing money and business. Your professional indemnity insurance covers the compensation owed if a claim is made against you.

Broken computers

After a flood at your offices, a number of your company computers are water damaged and left unusable. Your business equipment insurance will kick in and cover the cost of repairing or replacing the broken computers so you can get on with your business.

Data breach

While developing a new piece of software for a client business, a cyber attack causes a data breach and private details are compromised. Cyber insurance covers any legal and compensation costs and provides you with 24/7 professional breach support.

Accidential injury

During a meeting with a client, an employee of your software business accidentally spills hot coffee on a client, causing burns to their skin. Your public liability insurance can cover the cost of a claim made against you.

How do claims work?

1

Notify us of the claim

Contact us by email at claims@gosuperscript.com, by 24/7 freephone on 0800 772 3059 or by logging in to your customer portal.

Ideally this should be done as soon as possible and within 30 days of you becoming aware of anything which you think may be covered by your insurance.

A good indicator of whether or not to let us know is if there's an issue which may require a payment to be made on your behalf.

2

We'll get on the case

We'll acknowledge your claim within 24 hours, and sometimes in as little as 30 minutes! This means you'll receive email confirmation of your claims reference and contact information should you need to speak to us.

We will then reach out to you within 48 hours to request any extra information we need to progress your claim.

We'll keep you updated on the next steps as the claim progresses.

3

A decision is made

We'll let you know if your claim is successful or not. If your claim isn't covered, we will always try to point you in the right direction and support you as best we can in getting back to normal.

Read about the most common reasons claims aren't paid.

If your claim is successful, once we have all the documents we need, we will aim to settle claims such as accidental damage, theft and lost equipment within five working days.

Software developers' insurance FAQs

Why do software developers need insurance?

  1. The cost of a claim against you could potentially be very expensive.
  2. Clients will often insist upon some level of cover (of professional indemnity insurance in particular).

To expand on the first point: We all face risk when working. From hot coffee on important equipment to disastrous coding mistakes, accidents happen and when they cause damage or loss to someone, a claim may arise.

When you’re an employee, your employer is responsible for arranging business-related insurance. But as a self-employed professional, it’s all on you.

Being self-employed leaves you particularly vulnerable to contractual risks. For example: If the terms of a contract cannot be met for whatever unintentional reason, this would leave you as the contractor liable for the alleged cost to the client of your contract not being met. If something were to go wrong during the course of your work for the client (e.g. you accidentally breaking a system, causing downtime), again, this could be expensive for the client and leave you liable for picking up the cost.

To expand on the second point: Clients understand the risks faced by a contractor and how expensive a claim could end up being. This means that regardless of the financial risk to you of facing a claim, you may find that being uninsured means you miss out on being considered for contracts altogether.

What does professional indemnity insurance cover?

Professional indemnity insurance covers claims made against you by clients due to alleged contractual failings on your part, causing the client to lose money.

Key examples of the types of claim are:

  • Failure to meet contractual obligations, e.g.
  • Project delivery timelines
  • Project completion

Accidental

  • Loss of documents or data
  • Breach of confidentiality

Intellectual property infringement (covered by media liability which comes as standard with Superscript’s professional indemnity cover)

To find out more about what professional indemnity insurance covers, check out our guide.

Do software developers need public liability insurance?

This depends. If you are working solely from a home office, for example, and never coming into contact with other people while working, then you may feel that public liability isn’t worth having. However, if you’re working among other people at all - whether at a client’s office or even a cafe, it’s definitely a cover to consider.

To find out more about what public liability insurance covers, check out our guide.

What other insurance do software developers need?

Beyond professional indemnity insurance and perhaps public liability insurance, other covers that may be relevant to software developers include:

Is business insurance tax deductible for software developers?

Yes. All business insurance premiums are considered as an 'allowable expense' by HMRC, meaning that you can write off the cost of your premium against your taxable income in your your company's corporation tax return, or self assessment tax return if you are self-employed. Just remember to keep a record of your payments as proof.

Is insurance a legal requirement for software developers?

No, individual software developers are not legally required to have business insurance. However, if you run a software business that has any employees, then you are legally obligated to hold at least £5 million in employers' liability cover.

Superscript's employers' liability insurance includes £10 million of cover as standard for legal and compensation costs associated with any claims made by employees.

Also, when it comes to deciding which cover to take out, it is worth considering how your business might fare without covers such as public liability, professional indemnity and business equipment cover. Without insurance, many businesses would not be in a position to pay the costs associated with a claim against them or the loss of specialist equipment.

How much does insurance for software developers cost?

The cost of your policy subscription will depend on a number of factors, including the size of your business, whether or not you have employees, the number of different covers you want and the size of the limits.

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