Insurance for software developers

Secure insurance for software developers quickly and without fuss. We're simply-priced, flexible and upfront.

Pay as you go
Low prices, no extra charges or fees
Change or cancel anytime
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Insurance for software developers.
Insurance for software developers.
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Priced in a Jiffy
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subscription model
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with holiday mode
The problem

Self-employed software developers face many risks

Your code causing havoc

If you're developing systems, as good as you are, there's always a possibility your code goes wrong and causes your client a loss. In which case they may come after you for damages.

A man in a suit walking with slumped shoulders.

IR35 enquiries and unpaid invoices

Depending if you use an umbrella company or contract directly you may be exposed to IR35 enquiries from HMRC. Regardless of how you're engaged you still could be subject to late or non-payment of invoices.

Damage to your work equipment

You are likely to use your own laptop or computer for your work, if that gets stolen or damaged could you afford the repair or replacement costs?

Accussation of causing a financial loss

An unhappy client may allege your work ended up costing them money which they now want to recover from you.

You need insurance for software developers that's relevant and flexible enough to change or cancel easily.

the suited way
Insurance simplified

Our mission is to see small business insurance done fast, clear, upfront and painless.  

4 step quote

Save time by getting a price after four questions.

Buy online

Get insured anytime. Manage cover from your DIY portal.

Top insurers

Sleep well knowing your cover is backed by trusted UK insurers.

Pay as you go

Keep money in your pocket. Pay monthly, no APR or fees.

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Holiday mode

Pay less when not working by hibernating your PI cover.

UK call centre

Get help when you need it from our Bristol based team.

covers to consider

What insurance do software developers need?

Choosing the right insurance for you depends on the size and nature of your business. Key insurance covers software developers should consider include:

Professional indemnity

Provides you with legal defence against claims of professional mistake, causing a financial loss or breach of copyright.

Business legal protect

Pays legal costs & expenses including appeal costs if you or your business face a legal threat or an HMRC/IR35 enquiry.

Electronic business equipment

Pays for repair or replacement of your portable electronic equipment (and accessories) you need to do your work.

Finding the right cover

Starting with professional indemnity insurance for software developers

You back up your work to minimise the risk of mishaps or lost data and you need to take the same approach to your own business protect your livelihood and reputation.

There are many reasons that a case could emerge as a result of your work - everyday if fact if you’ve been writing code for the last few years. Regardless of whether you have done it purposefully, a few things can happen that can make a client troubled and make them sue you.

Copyright encroachment, digital assaults because of a weakness, property harm to a clients property while you are working (for example espresso spilled on a PC), coding blunders, and inability to finish your task on time are only a portion of the things that can be guaranteed by a miserable client.

These are just some examples of the most common claims against software developers by dissatisfied clients.

Try not to have a critical monetary misfortune by investing in quite possibly the key business insurance type - professional Indemnity insurance - which is there to protect you from accusations of wrongdoing, mistakes and other professional errors.

What else should form part of business insurance for software developers?

There are two aspects to consider as a software developer. Firstly, whether you’re working from your client’s premises or regularly meeting with them and their staff.

Secondly, is the type of work you’re delivering prone to a cyber security issue?

Public liability insurance is an inexpensive insurance protection for unfortunate incidents such as damaged property of your client, your equipment causing someone to slip or fall. These claims rarely result in substantial claims but even a few thousands can make a hole in your pocket.

Cyber insurance is a very specialised product and even though professional indemnity insurance for software developers may include a little element of it, it’s unlikely to be enough for your line of work.

If your work is exposed to risks of cyber crime, look for a cyber insurance specialist.

As a software developer you understand how complex this issue is, and often impossible to explain easily to a third party. You’ll need your insurer provider to have the experience, knowledge and resources to assist you.

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CASE Study

A case of a delayed error riddled project

We can offer an example of a product engineer who entered into a contract with a client to develop a tech capability for the client’s business.

The contractor didn’t finish the project within the two year time frame plus what had been delivered showed a number of slip-ups.

At least that was what the client claimed before they walked away from the contract and recruited another developer to finish the product.

On top of that the client sued the original contractor for breach of contract and demanded that all of the investment was refunded, by then amounting to some £600,000.

With professional indemnity insurance software developers won't be necessarily immune to those situations but will certainly be able to rely on qualified legal help to guide them through the problem and minimise any financial damage.

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Business legal protect
Included with your insurance

When you decide to protect your business with Suited we want you to get more than just insurance. That's why with every policy subscription we include Business Legal Protect. From the moment you sign up you gain access to extra support services which are all part of our price.

£100k of legal cover
  • IR35 & HMRC investigations
  • Legal matters concerning your business
  • Negative PR (£25,000 cover)
  • Criminal prosecution
  • Compliance & regulation issues
  • Unpaid invoices (over £200)
Telephone helplines
  • Free tax advice
  • Free commercial legal advice
  • Counselling for you and your staff
  • Access to a legal template library
  • Identity theft assistance
Price

How much does insurance for software developers cost?

Price depends on many factors including business activity, the cover you choose and the level of protection (also known as the limit). With Suited you can mix and match covers and limits. Below are some cover examples, but you will be able to build your own.

examples

Business activity

Software developer, Software engineer services
from

£8.63

per month
from

£20.44

per month
from

£36.16

per month

Professional indemnity

Our core cover, to protect you and your business if you make a mistake in the course of your work, say something wrong about a client, or are accused of being negligent and your client says it has cost them money.

£250,000
£1,000,000
£2,000,000

Business Legal Protect

Commercial legal expenses insurance there to protect you and your business from commercial disputes, legal claims, IR35 investigations, HMRC enquiries, criminal prosecutions, negative PR and identity theft. It also offers free and confidential tax, legal and counselling assistance whenever you need it.

Included
with professional indemnity
Included
with professional indemnity
Included
with professional indemnity

Electronic business equipment

Protects your business against costly repairs or replacement costs of electronic business equipment and accessories that you own or hire to do your job.

-
£2,500
of equipment
£7,500
of equipment
Get a price
Answer 4 questions then select the policies and limits you need.
FAQs

Common questions

What type of software contractor liability insurance do I need?

With professional indemnity insurance software developers may also wish to consider public liability insurance, useful if you’re in contact with your client, their staff and premises. Cyber insurance is advisable especially if your work is cyber crime sensitive.

Can I insure my past work under Suited insurance for software developers?

With Suited you can provided you’re not aware of any circumstances that might lead to a claim.

Will the work of subcontractors be covered by Suited professional indemnity insurance for software developers?

Suited professional indemnity does cover the work you have subcontracted but you must not waive your right of indemnity against those subcontractors.

What if I’m in between contracts?

With Suited you can switch the holiday mode on which means you’ll stay insured for the past under your professional indemnity insurance while paying a lot less.

Once you buy
If your plans change

No problem, with Suited you can flex your insurance as your business evolves.

Free to amend

Save money by not paying extra to change your cover.

Easy to cancel

No longer need us? Cancel anytime, no more to pay.

Testimonials

Professional service and a peace of mind

My work contract requires professional indemnity insurance. Suited were quick to call back and very helpful explaining the product to me. Suited offers a trustworthy, professional service and a peace of mind.

Evie Jarecki

Suited was super efficient

Suited was easy to use, to the point, concise, I found everything I was looking for , was covered. The process was efficient and quick. Fast forms to fill in. I think the price was pretty competitive too.

Justin Leo

I was looking for business insurance…

I was looking for business insurance this easy to use and very well explained web site made the process simple and painless. Had a quote in minutes.

Piers Field
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