Professional Indemnity Insurance for IT contractors

If you are an IT contractor, you need to consider Professional Indemnity Insurance seriously. You will have to look for a top company and not just anything that comes your way. An insurance company with specialist knowledge of the IT industry will give you the best value.

Professional Indemnity Insurance is important if

• You provide a service to your clients that is of advisory nature
• Your job duties include handling client’s data
• You have to take care of client’s intellectual property
• You worry about being challenged on your work due to the nature of professional service you are providing

If any of the above-mentioned situations are common with your work, you need to find an insurance from a company such as Hiscox. One of the reasons for using Hiscox is its reliability and understanding of IT industry.

Why you’d want to choose Hiscox IT Consultants Indemnity Insurance

Hiscox defines IT products as either a product or a service, making it easy to detail things. A policy that does not cover details specific to IT contractors, will not give value that Hiscox IT consultants indemnity insurance provides to IT contractors.

Hiscox policy covers the following aspects

Negligence

If you are providing consultancy services, you are vulnerable to negligence claims from clients. Professional Indemnity Insurance will help you to protect this important aspect of contracting.

Loss of professional documents

In case of accidental loss or damage to client’s documents and data will be covered under professional indemnity insurance.

Broader definitions

Under this policy, software is recognized as supply of a service or goods, providing a wider dentition and hence giving broader protection.

Intellectual property related cover

The policy will cover infringements of software copyrights and trademarks. You will have no problems while working with clients.

Supply of deliverable

If a client challenges delivery of software, you will be covered under Hiscox policy.

Retrospective cover

Retrospective cover helps you to enjoy indemnity for work performed in the past.