Professional Liability Insurance (or E&O Insurance), protects your small business from claims of mistakes, negligence or malpractice made when providing your services that caused somebody financial loss. PLI covers your legal defense costs, damages and settlements.
Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
Business Interruption Insurance protects your small business if impacted by a covered risk. It'll cover the costs in replacing lost income and paying for additional expenditures. Also known as Business Interruption Coverage, this policy is usually part of your BOP (Business Owners Policy).
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Why do Computer Programmer need insurance?
As a computer programming service, you face the same risks as a regular brick-and-mortar business, particularly if you offer consulting services. Your services, especially computer programs, rely on the systems your business develops to run smoothly. If your program fails, or doesn't meet your client's expectations, you could be the target of lawsuits. An insurance policy will cover defense costs, court fees and other legal expenses. Without insurance, this will come from your pocket. Any business can be crippled financially without an insurance.
What risks do Computer Programming Businesses face?
Computer programming businesses make, debug or maintain programs for clients. They also offer consultation services to help clients find the right programs. When a program fails, like a payroll program pays out too much, you'll be faced with lawsuits that could cost millions of dollars in punitive damages. Other risks include:
These are just a few of the many risks a computer programming services can face.
How much does Computer Programmer Insurance cost?
The cost of insurance for computer programmer varies based on several factors. The policy provider will determine the type of services you do, the number of employees you have and the amount of insurance you need before they'll provide you with a quote for the monthly cost of your insurance.
To get a free quote for your insurance, apply online or call our service representatives.