IT Professionals Insurance
We have many years’ experience which helps us to understand the insurance requirements of IT Professionals. We understand the complexity of exposures that insurance for IT Professionals must cover.
Business Insurance | Technology Insurance | IT Professionals Insurance
What is IT Professionals Insurance?
Technology’s development is closely followed by the legislations that governs its use, the data it utilises, and the penalties associated with breaches of this increased legislation. Many technology companies have also seen an increase in the contractual requirements from their clients, which along with the increased legislation levied on the industry, has only increased the potential for claims to be brought under Technology Insurance and IT professional indemnity insurance.
IT Professionals Insurance is a specialist area of insurance, incorrectly placed policies can lead to gaps in your cover and potentially disastrous costs in case of a claim. For this reason, it’s essential to get cover from a broker who will understand your business and the industry. If you are a digital marketing company with a specialist IT department, contact us to see how a Marketing Insurance policy can be combined with an IT Professionals Insurance policy to offer full coverage for your company.
What insurance cover can we arrange for
IT Professionals Insurance
We arrange a wide range of insurance packages addressing the full spectrum of risks facing modern SAAS operations. Our TMC team’s specialist knowledge helps ensure cover aligns with both current operations and future expansion plans.
Professional Indemnity Insurance
Professional Indemnity Insurance provides essential protection for SAAS businesses. This cover helps protect against claims alleging that your professional services, advice, or software solutions have caused financial loss to clients. The policy typically covers legal defence costs and compensation payments, which can be substantial when dealing with business interruption claims from enterprise clients.
Cyber Liability Insurance
Cyber Liability Insurance provides crucial protection against cyber attacks and data breaches. Cover typically includes incident response costs, regulatory fines (where insurable), client notification expenses, credit monitoring services, and business interruption losses following cyber events. This protection becomes particularly important given UK GDPR requirements and data protection regulations.
Technology Errors & Omissions Insurance
Technology Errors & Omissions Insurance offers specialised protection for technology-specific risks. This cover addresses situations where your software fails to perform as intended, causes data loss, or results in system downtime for clients. Depending on the policies T&Cs, it can cover both your own business interruption and third-party claims from affected clients.
Management Liability Insurance
Management Liability Insurance protects your leadership team against personal liability claims arising from corporate decisions. This cover becomes increasingly important for SAAS businesses experiencing rapid growth, managing investor relationships, handling employment matters, and addressing regulatory requirements.
Intellectual Property Insurance
Intellectual Property Protection helps safeguard your innovations and defend against IP infringement claims. Given the competitive nature of the SAAS market and the importance of proprietary technology, this cover can help protect your competitive advantage.
Product Liability Insurance
Product Liability Insurance can be relevant for SAAS businesses whose software integrates with physical systems or could potentially cause harm through malfunction. While less common for pure software providers, this cover might be essential for businesses operating in healthcare technology, industrial automation, or similar sectors.
We can also arrange:
Employers’ Liability Insurance – legally required if you employ staff
Business Property and Contents – protecting your office equipment and technical infrastructure
Questions?
Ready to protect your scale-up with insurance that matches your ambition? Contact us today to start a conversation. Let’s build a insurance roadmap that powers your growth and reflects your values.
Why work with Jensten's TMC team?
Our Tech Media & Cyber team brings decades of experience working with technology, life science, and media sectors. We understand that innovative companies require more than standard insurance policies – they need experts who understand their unique risk profile and can arrange appropriate protection as their business evolves.
- Specialist sector expertise – Our TMC team understands SAAS business models and the evolving risks you face. We recognise that traditional insurance solutions often don’t suit innovative companies, and gaps in cover can leave you exposed.
- Access to markets – Through our carefully selected panel, we work with specialist insurers offering dedicated policy wordings for technology businesses. This enables us to arrange bespoke insurance solutions tailored to your specific needs.
- Scalable solutions – Whether you’re a startup, growing SAAS developer, or established platform, we arrange cover that adapts to your changing risk profile. As you add service lines, enter new markets, or experience user growth, talk to us and we can adjust your protection accordingly.
- Innovative cover options – We work with specialist insurers to develop new covers tailored to client needs, including protection for intellectual property disputes, product guarantees, and emerging technology risks.
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How we make it possible
We listen, we understand and we advise.
As one of the UK’s fastest growing insurance brokers, Jensten Insurance Brokers, is an award-winning broker with specialist advisers across multiple classes of insurance cover and sectors. Our track record of delivering for clients makes us a leading choice.
We also strive to be an employer of choice, giving our clients access to passionate, talented advisers, and our people an enjoyable and rewarding career.
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IT Professionals Insurance FAQs
This is one of the more complex insurance areas, so to help you get the protection you need, here is our IT Professionals Insurance frequently asked questions. We hope they will help, but if you’d like some independent advice, please call us on 01903 444 951, and the team will be happy to help.
Getting a quote is easy. You can call us on 01903 444 951, and the team will be happy to help you find the protection you need. We work with a panel of different insurance companies and can help find the appropriate cover to suit your individual needs.
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FAQs
Get the answers to frequently asked questions.