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Chicago Computer Programmer, Web Developer or IT Consultant Insurance

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Cyber Insurance

Companies doing e-business—such as IT consultants, web developers, software designers, and computer programmers—have very unique technology insurance needs. Technology insurance, also called a cyber insurance policy, is needed to protect you when hardware or software failures result in critical mistakes. The legal liability exposures of web developers and IT consultants are rapidly evolving, with litigation becoming a more high stakes game than ever before.

SMI’s Technology Insurance Covers You Locally and Nationwide

Protect yourself and your business with SMI’s technology insurance. Request a quote today.

Like all companies, web developers, computer programmers and IT consultants need the standard coverage of property, general liability, auto and workers’ compensation. Extending the property coverage to incorporate protection against perils unique to electronic equipment is advisable. In addition, technology companies may need specialized protection regarding:

  • Errors and omissions (E&O) relating to programming or software design
  • Network and security breaches
  • Cyber liability
  • Computer virus transmission to others
  • Invasion of privacy and failure to protect data
  • Denial of service attacks
  • Unauthorized access
  • Copyright and trademark violations

Many business owners mistakenly believe that the incorporation process (Inc., LLC) completely separates their business from their personal assets. Unfortunately that is not always the case. IT consultant insurance makes sure that you are covered no matter what type of legal entity you have chosen for your business.

Technology Insurance Quotes

Errors & Omissions (E&O) Insurance

Also known as professional liability coverage, this type of policy protects you from damages resulting from doing something wrong as an IT consultant. Good policies will cover your liability, as well as the cost of your defense in a lawsuit. Typically, E&O policies are designed to cover:

  • Liability associated with pure economic loss arising from a third party’s use of a technology company’s goods, products or services
  • Damages to a third party arising from loss, damage or corruption of intangible property, such as data, and loss of use of tangible property that is not physically injured arising from your defective product or work

Why IT Consultant General Liability Insurance Is ImportantIn the unfortunate event that your business faces a lawsuit, or is held legally responsible for an injury or damage, a general liability insurance policy that is designed for computer programmers or web developers can prevent a legal suit from turning into a financial disaster. Your SMI policy may include:

  • bodily injury coverage
  • property damage coverage
  • products liability coverage
  • contractual liability coverage
  • legal defense costs
  • and more…

A Cyber Insurance Policy

If you use e-mail, have networked PCs, a website, or a private customer data in your computer system, then you have a lot to lose. Firewalls, virus protection, anti-spam systems, and prudent procedures to protect passwords and prevent employees from downloading dangerous materials are necessary measures, but not foolproof. SMI’s cyber insurance policy has you covered in the event of:

 

  • hacked computers
  • viruses
  • denial of service attacks
  • security or privacy breaches
  • restoring lost or corrupted data
  • cyber extortion
  • trademark and copyright coverage

 

Social Media Liability Insurance

While tools like Facebook, YouTube & Twitter can be used to strengthen a company’s success, they can also open the door to unexpected liability. A combination of coverages can be created to cover your social media activities:

  • Media Liability
  • Errors & Omissions
  • Trademark and copyright coverage

 

Call 877-379-0083 for a free quote or consultation.

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