IT Professional Insurance
- Comprehensive industry specific policy wording
- Best prices from leading insurers
- Buy now and get your certificate immediately
Why do IT professionals need insurance?
In today’s technology-reliant world, almost every business will require the advice and support of an IT guru at some stage. Yet, no matter how good you are at your job, IT projects don’t always go to plan, and sometimes there is no easy fix for that 404 error!
All it takes is one mistake and you could be up for a considerable sum of money that could jeopardise the future of your IT business.
Fear not! BizCover is here to protect you and your business and give you peace of mind should the unexpected happen. Having the right insurance in place will provide you with the cover you need should the fingers start pointing at you
With a quick surf on the web or the dial of a button, you can compare quotes from leading NZ insurers and find the coverage you need, in minutes.
Did you Know?
For some IT professional claims, there can be a grey area as to whether the claim falls under a Professional Indemnity or Public Liability policy, so it’s wise to consider a liability package with combined cover from the same insurer. That way there will be no dispute between insurers as to which cover should respond to the claim.
Insurance for IT Professionals
Professional Indemnity (PI) insurance provides essential financial protection for IT Professionals against potential losses arising out of their professional service or advice. This can include but is not limited to: acts, errors or omissions made by you or your employees; loss of documents or data; and intellectual property disputes among others.
IT professionals often require a set level of PI cover to comply with professional association requirements; professional standards legislation, or to meet the requirements of various clients. More and more companies that hire independent IT contractors insist their contractors hold PI insurance before considering them for a contract.
Professional Indemnity insurance for IT professionals covers a broad range of modalities, including:
Chances are, you visit client premises to install and maintain their hardware and IT systems or they may come to you, leaving you exposed to claims of property damage or injury caused to others.
If a third party were to suffer an injury or property damage because of your negligent business activities you could be held liable for any of the financial costs including defence costs.
Public and Product Liability insurance offers important cover for IT Professionals and their legal liability in the event of third party property damage, or the accidental injury of others (not covered by the ACC), or as a result of a product defects..
Each and every business is different, and that’s where Business Insurance offers a suite of options to cater to your individual business needs.
Business Insurance is a package designed to provide cover for your business contents, stock, tools and commercial premises when an insured event occurs (such as fire, storm, theft or even accidental damage). A Business Insurance policy can also cover your portable equipment, and loss of revenue due to business interruption in specified circumstances.
As an IT professional, below are some of the coverages you may want to consider to keep your business as ‘all systems running’:
- Building and Contents – if you have an office, do you have insurance in place for your contents or any buildings you own? Could you afford to repair or replace all of your IT equipment, furniture, etc. in the event you suffered a fire, earthquake or theft?
- Electronic Equipment -if you were to experience a breakdown of your important electronic equipment, could you cover the cost of repairs, restoration of electronic data, and even any additional cost of completing your work? Taking out Electronic Equipment insurance gives you that peace of mind if something were to go wrong, your downtime would be next to none.
Working within the IT industry, you would be more than mindful of the types of potential malicious cyber threats and data breaches which could harm any sensitive client information you may be storing. The cost of a breach could not only damage the functional side of your business but could also take a toll on your business’ reputation.
Cyber Liability insurance is a type of business insurance product which protects your IT business against both the legal costs and expenses (including compensation payments) related to cybercrime incidents.
It typically covers the costs which can be incurred following a data breach or having your system hacked as well as investigation and data recovery costs, extortion costs, fines and penalties and PR/crisis management costs.
Protect your business today.
Why choose BizCover for your Business Insurance as an IT professional?
At BizCover, our task is to make business insurance a stress-free experience. Our platform is designed to help you compare quotes and get the right cover you need so you can get back to more important things like running your IT business. But if you are still not sure, here are a few other reasons why you should choose BizCover for your PI insurance.
New Zealand’s number one online insurance company
We take pride in the 10,000 small businesses we have helped already… and counting.
Clear and competitive pricing
Our platform is as clear as the Aotearoa air and as competitive as the All Blacks. You can compare and choose from a range of competitive prices right there on your screen.
Built for small business
We know insurance and what makes small businesses tick. And we understand what cover IT professionals need. So it’s really a no-brainer!
We won’t confuse you with jargon
We’re not fans of complicated insurance speak, so we talk to you in plain English. If you want to brush up on your Latin, look elsewhere.
Having the right insurance pays off
A software and hardware design company won a government contract to manufacture and install alcohol interlock devices on a branch of government owned vehicles. Within six months it became apparent that the calibration on the devices was incorrect following a minor traffic incident. The company’s Professional Indemnity policy responded and covered the cost for devices to be fixed by another firm, as well as the resulting damage from the error.
How do I make a claim on my insurance policy?
Need to make a claim? Too easy! We’re here to assist you through the process and get you back to IT business. Simply download, complete the Claim Notification Form and return to email@example.com. We’ll manage the process with the insurer for you, while our dedicated claims consultants keep you informed every step of the way. Alternatively, if you would like to contact us by phone, our customer service team are here to help you on Ph. 0508 249 268.
*This information is a general guide only and does not take into account your objectives, financial situation or needs. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording. The information contained on this web page is general only and should not be relied upon as advice. BizCover Limited is owned by BizCover Pty Ltd (ABN 68 127 707 975)
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Visit our Contact Us page, where you can find out how to get in touch with one of our business insurance professionals.
You can also access quick links to our self-service portal, where you can download your Certificate of Currency, update your payment details, amend your cover and download your policy documents.