As a computer programmer or IT professional, you face some of the same risks that regular brick-and-mortar businesses face. Especially if you offer consulting services, you can be in shaky legal ground. Levi Strauss & Co., the jean maker, brought charges against Deloitte IT Consulting firm after software designed to control inventory and payroll failed. The charge? $100 million plus punitive damages. While you might not be working with a large retailer, with so many businesses relying on computer systems to keep operations going smoothly, you could be the target for a lawsuit if your product doesn't meet client expectations.
Due to the nature of your work, it’s best to get a tailored business insurance policy that helps you offset your individual risks and protects your business and your clients.
This form of commercial insurance is specifically designed to deal with the unique risks associated with computer programming and other professional IT careers. Whether you own your company or work as a freelance information technology professional, it is important to protect your business from the risks of your trade.
To make sure that you’re getting the right computer programmer insurance, you will need to evaluate the risks and exposures you face in your line of work, including advice you provide and services that can potentially lead to your clients' loss of data or loss of revenue. If you drive from one job site to another, will your personal auto insurance cover you, or do you need a commercial vehicle policy? If you or your employees haul computer systems or equipment, is there a risk of injury or property damage?
As a computer programmer and IT professional, you’re subject to different risks than other companies. The following forms of coverage help you specifically address these risks:
Be sure to ask a knowledgeable agent about other IT consultants insurance that may be available, and how it can protect you.
The following are potential situations where computer programmer insurance or IT consultant insurance may be important:
While purchasing an insurance policy may just seem like another expense, even a well-written contract can’t protect you during all circumstances. Computer programmer insurance can be tailored to meet your individual needs and address the client situations you encounter daily.