How does insurance for Computer contractors work?
Comprehensive cover that you can rely on in your IT profession
At The Insurance Octopus, our personalised IT contractors insurance is designed to allow you to add, remove, increase or decrease all areas of your insurance policy. You will be able to put together a bespoke computer contractor’s insurance policy to the way you want it, ensuring you have all of the essential cover you will need with the right levels of cover for the risks you are exposed to.
Because businesses often hire IT computer contractors to provide additional skills that their in-house teams do not have, you are not protected in the same way as their employees. Should it be that you are accused of misrepresenting your skills or service and a client has relied on that information, should you make a mistake in your work, or should you be accused of negligence, it is important you have protection in place.
With the addition of you being exposed to computers and most likely sensitive or important data, a Professional Indemnity insurance policy that covers you is vital. The Insurance Octopus will work with you and cover you for all aspects of the work that you to do ensure you have the right cover for your needs.
What your computer contractors insurance policy includes includes
Professional Indemnity cover for IT contractors
Professional Indemnity cover limits from £50,000 to £10m. This covers you for any financial or trading loss that may be caused as a result of bad advice or a mistake made in work. Typically these claims can be a result of Negligence, Dishonesty, Defamation, infringement of Intellectual Property Rights and Loss of Data.
Employers Liability insurance cover
Employers Liability insurance cover is required by law if you have one or more employees. Employers Liability cover, is standard at £10m and will protect you as the employer against claims from your staff should whilst working for you.
Public Liability insurance
Public Liability cover protects you if a customers or a member of the public is injured, or their property is damaged. Public liability insurance protects you against the cost of repairs or any legal proceedings that could be filed against you. Standard levels of cover are available from £1m to £5m, with additional levels of cover available upon request.
Have you considered:
Legal expenses insurance
Legal expenses insurance can cover the cost of legal representation and other associated legal costs relating to the defence of a claim.
Personal accident cover
Personal accident insurance covers you if you have a personal accident and have to take time off work. The period of time you are covered for is dependent on which policy you take out.
Business interruption insurance
Business Interruption insurance covers the loss of income from being unable to trade as a result of insurable claims such as those from fires, floods, storms and other perils. This could be vital to some businesses dependent upon the length of time they are unable to trade.
Why you need computer contractors insurance
As an IT contractor you might work as a self employed contractor or run your own IT contracting business. No matter which form your business takes, you’ll still need a dedicated policy to protect you, your employees if you have them from a number of risks and perils you face during your IT contracting work. You may even find some clients require proof of insurance before they will even award you the contract in the first place. Our cover is designed to include all the important covers you need such as core covers like public and employers liability which protects you against claims arising from third party bodily injury or property damage claims, and also employment disputes.
The Insurance Octopus will aim to put a tailored business insurance package together for your exact business or personal needs with the relevant level of cover including vital insurance elements such as Professional indemnity cover.
Speak to a specialist
If you’re ready to take out an IT Contractor’s Insurance policy, one of our insurance specialists will be available to guide you through the process and create a tailored policy which will include all of the cover you will need to protect your financial security.
Range of payment options
We can provide you with your business insurance and documents on the same day in most cases, offering a range of flexible payment options to help spread the cost.
Why choose us for your Computer Contractors Insurance?
We proudly make buying insurance different and our cover comes with a range of benefits.
Up to £5 million of cover
We can't stop accidents from happening but our Professional Indemnity insurance will give you up to £5m worth of cover - with up £5 million worth of public liability insurance cover also included.
Fast specific cover
To help save you both time and money. We compare prices from a range of different insurers so you don’t have to.
Specialists who understand your profession
Connecting you with agents who specialise in your field. They understand many of the challenges you face, & can tailor a policy to your needs.
Easy claims process
Accidents can happen, so when something does go wrong you can rest easy knowing our team is on hand to make the claims process as quick and stress free as possible.
Octopus customer rewards
We pride ourselves on the value we offer our customers, and with Octopus Customer rewards we give our customers a few additional benefits to their insurance such as discounts and offers to save them money.
No mid term fees, ever
We don’t charge any mid-term fees at all during the life of your policy – so there are no hidden fees following any changes you might need to make.
How it works
Examples of Computer Contractors Insurance in action
Saving your finances from crashing too
An independent IT contractor completed a piece of work for a major client. Unfortunately, due to poor internal briefing practices, the computer system they had designed and implemented didn’t meet the brief the client had given them, which led to the client losing a major contract. Fortunately, the contracting company had professional indemnity insurance in place, which covered the costs of the legal action arising from their oversights and allowed the business to carry on trading as normal.