Insurance for software developers

Or IFSWD for short. Not really. Build the insurance cover you need and pay by the month.

Business insurance without the faff

From£
5.13
per month

What insurance do software developers need?

Only pay for what you need. Popular insurance picks for software developers include professional indemnity insurance, public liability insurance, business contents insurance and cyber insurance.

  • Pay monthly
  • Modify cover any time
  • Make changes without fees
  • Instant documents

Get your policy sorted in under 10 minutes

... or 9. But it's not a competition. Though unlike with our competition, you can change or stop your cover any time, for free.

Intelligible business insurance for software developers

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.

Public liability insurance

Public liability insurance is a cover to consider if you ever work around other people. 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 a legal requirement in the UK, if you hire anyone in a business capacity - whether full-time, part-time, paid or unpaid.

Contents and equipment insurance

Our contents and equipment cover can protect your equipment, office furniture, documents and cash. Most of our claims are settled within 48 hours so we will get you up and running again in no time. And unlike many providers, we automatically cover you if you’re based in a co-working space.

Cyber insurance

Data security is crucial, and with cyber-attacks on the rise and regulations such as the GDPR 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.

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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, coworking space 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:

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