Professional Indemnity Insurance For IT Contractors

Professional Indemnity is primarily designed to respond to financial loss arising from faulty advice, design or specification by the service provider. The design engineer or IT consultant upon whose advice or design the Principal or the Principal's customers rely upon, is the Professional targeted by PI Insurance.

Public Liability and Products Liability insurance is primarily designed to address the personal injury or property damage that may arise from the service providers activities. In other words they deal with the physical outcomes of faulty services.

This type of insurance is available to most professionals and in many professions the professional is required to carry a minimum level of Professional Indemnity Insurance by law.

Why Do IT Consultants need Professional Indemnity (PI) Insurance & Public Liability (PL) Insurance?

IT Consultants and IT Contractors are generally engaged by third parties to provide one or more of the following services:

There is legal uncertainty concerning the activities provided by IT Consultants. In providing software advice or design, are they providing a 'service or a product' and therefore, should the claim be treated as a 'service' which is covered under a P/I policy or should the claim be treated as a 'product' and covered under a Public / Products Liability policy. To avoid this uncertainty, it is recommended that IT Consultants have 1 policy with 1 Insurer covering both sections.

In many cases an Information Technology IT Contractor will not be considered for a contract unless they have a minimum level of Professional Indemnity and Public Liability insurance indemnity insurance.

IT Public Liability and Professional Indemnity Insurance Quote Examples

You can get a fast insurance quote online now.

As an example of an online quote, if you are a General IT Consultant with turnover up to $220,000 pa, $1M Professional Indemnity and $10M Public Liability cover will cost you the following based on the state you operate in:

Why Purchase Insurance For IT Contractors Through Express Insurance?

We provide a quick and easy way of securing your required PI and PL insurance and producing a Certificate of Insurance online.

Our online system for IT Contractors PI Insurance has been in operation for over 2 years and we have assisted over 650 Information Techology Consultants, many of whom have provided testimonials attesting to the ease of use and price competitiveness of our products. Refer to our main website for details. Not only can you get a quote and buy online in minutes, we have specialist staff with years of experience on hand to fully support you and answer all of your PI and PL enquiries.