Dave Beard

Expertly compared by Dave Beard

Products Updated June 4, 2018

Business Insurance For IT Contractors

If you are an IT contractor then you need to consider business insurance because you need to protect yourself from any claims that are made against you. Our experts can ensure you and your business are adequately protected in the event of a claim made against you.

Our insurance experts can compare the market to find you the best deal on business insurance. Get a free quote and advice today:

4 providers expertly compared:

Simply Business

Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Provider
Business Insurance

Products
Professional Indemnity, Public & Employers Liability Cover

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
UK Small business cover

Rated 4.8/ 5

All credit types

Simply Business is a broker that provides a wide range of business insurance cover. They specialise in small businesses and can advise, compare and arrange the right insurance products to ensure you are not only protected by get the best deal on the market.

4 providers expertly compared:

Available via broker only

Zurich

Provider
Zurich Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
UK Small business cover

Rated 4.6/ 5

All credit types

The right insurance package will give you the peace of mind to successfully grow your business. Zurich have an extensive suite of insurance products tailored to a wide range of small and SME businesses to ensure you have complete protection from all risks.

4 providers expertly compared:

AXA

Provider
AXA Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
Small business and commercial insurance

Rated 4.7/ 5

All credit types

AXA business insurance can cover you and your business for every eventuality. Apply online today and save an extra 10% on your quote instantly.

4 providers expertly compared:

Hiscox

Provider
Hiscox Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
Small business and commercial insurance

Rated 4.8/ 5

All credit types

Hiscox commercial business insurance provides a professional level of cover to protect every aspect of your business, from the premises to the people who work for you, and any legal matters that may arise from your day-to-day operations.

Read our customer and visitor reviews for this product:

Rating: 5 / 5 with 1 votes

Recieved quotes as promised.

by Clear Eye Wear Limited

Happy with the process and quotes. Simple to use and back up with a phone call. No pressure to buy, which was reassuring.

About Business Insurance For IT Contractors

As an IT specialist you have knowledge and understanding of systems and networks that your clients will not have and this means that they put their trust in you. Operating in this way puts you at risk because your customers could experience injury or financial loss from negligence, poor workmanship or incorrect advice. If your customers experience any of these, then they are well within their rights to make a claim in order to recover financial losses or claim for injury. This can be extremely expensive for you to defend and the costs could damage your business.

Compare Business Insurance For IT Contractors

Compare Business Insurance For IT Contractors

Business insurance is there to offer you maximum protection from these claims. The risks that you are exposed to make it worthwhile putting insurance in place because it protects you and gives you the confidence you need to work efficiently. It may seem over the top to put this cover in place because you have never had a problem before but this does not mean that you are not likely to have a problem in the future. Incorrect advice provided to customers or bad workmanship can leave you exposed but business insurance is there to deal with these claims and their costs. Once you decide to put business insurance in place you will instantly realise that it is an important tool for your business.

How Does It Work?

Your business is unique in what it does and that is why customers rely on you but having the right insurance will work for you in every way.

By choosing to put professional indemnity insurance in place you will instantly protect your business from any claims and the costs associated with them. It is very easy to make an error or provide incorrect information but it will mean that your client will want to recover any losses. You could advise you client to purchase specific software or you may fail to protect their systems adequately which results in them having data stolen from their system. This will mean that they will have to pay to rectify the issues as the loss of income from any downtime. However, it would mean that a claim could be made against you in order to recover these losses.

Your role is likely to take you to many locations where you have to work on-site. If this is the case then public liability insurance is cover that you need to think about. This is because you could cause injury to a client or damage their property. You may install servers in a rack correctly that could collapse and injure someone or you could damage flooring attempting to lay cables. This will cost your client and again they have the right to make a claim. Public liability insurance will protect you and your finances from such claims.

The Features

Business insurance will provide you with the following features:

  • Full cover against all claims
  • Claims are evaluated before payment is released
  • Complete protection for your business
  • Defence costs and settlement costs included
  • Cover is chosen to meet the needs of your business
  • Court costs are included
  • Cover to suit all budgets

What Are the Benefits

You will experience the following benefits:

  • Compliant with all laws as well as legal requirements and regulations
  • Focus on the needs of your business
  • Financial protection for your business
  • Advice is on hand as well as representation
  • Complete peace of mind and re-assurance

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