Software Developer Insurance

Customized Insurance for Your Software Development Business

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Simply Business is pleased to provide tailored insurance coverage from:

Software Developer Insurance That’s Made Just for You

You really know the digital world and how to build it. Whether it’s an app, a new program, or redesigning an existing platform, you’re an expert on software. When someone’s website crashes or is dealing with a very slow app, you are the go-to person to solve the problem.

However, you may not know much about small business insurance policies.

What Insurance Do Software Developers Need?

Fortunately, you don’t need to — let Simply Business build an insurance policy that’s personalized just for you.

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Professional Liability Insurance for Software Developers

While you work on creating the top-performing software and other things digital for your clients, you are at risk for being perceived as negligent. It could be as simple as a glitch occurring during the launch of a company’s new software product, or as complicated as breaking the digital platforms the employees depend on daily to do their work. Professional liability insurance (also known as error and omissions) may cover damages and legal costs that you might be ordered to pay as a result of negligence.

Professional liability insurance usually covers:

  • Negligence or alleged negligence
  • Legal defense costs
  • Claims involving libel and/or slander
  • Copyright infringement
  • And more

Professional liability insurance usually does not cover:

  • Intentional negligence
  • Bodily injury
  • Property damage
  • False advertising
  • Patents and trade secrets
  • And more

General Liability Insurance for Software Developers

There are days where you are likely physically handling someone else’s computer or any other of their important tech. This means you are at-risk for physically accidentally damaging their property. Say you drop a laptop on the floor while working on it, general liability insurance may help cover the costs of any repairs. General liability insurance protects your business from third-party claims of bodily injury or damage to someone else’s property.

General liability usually covers:

  • Bodily injury
  • Third-party property damage
  • Personal and advertising injury
  • Medical expenses
  • Defense costs
  • Supplemental payments

General liability insurance usually does not cover:

  • Damage to your own property
  • Professional services
  • Workers compensation or injury to your own employees
  • Known claims or potential claims

Learn more about General Liability Insurance.

Workers Compensation Insurance for Software Developers?

Do you have full-time employees or part-time help? If so, you may need workers compensation insurance. If someone who works for you gets hurt on the job, this coverage provides help with medical bills, lost wages, and any legal costs relating to the injury.

Most states require any business with employees to have workers compensation insurance, so make sure you add it to your policy!

Learn more about workers compensation insurance.

How Much Does Software Developer Insurance Cost?

Not sure how much you might pay for coverage as a software developer? While there’s no one answer for how much your policy will cost, your final premium will usually be determined by:

  • The number of employees you have (including part-time and consultants)
  • Your location
  • Payroll
  • Revenue
  • And more

Want to find out how much your insurance policy might cost? Just click here to answer a few questions about your business.