Software Development Business Insurance

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Software Development

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Two software developers looking at code on a monitor.

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Why do software developers need business insurance?

A minor bug could be a huge liability if it affects your client's bottom line. Software developer insurance covers the cost of a lawsuit over a coding error, and can help your business recover from accidents and injuries.

Software developer working at a computer.

Fast, easy, and affordable insurance for developers

Our fast online application helps you easily find and compare quotes from top-rated insurance providers.

Got questions? A licensed insurance agents will make sure you get coverage that matches your unique risks.

Which insurance policies do software developers and programmers need?

These policies cover the most common risks faced by software developers.

Errors and omissions insurance

E&O, also called professional liability insurance, covers legal defense costs if a computer programmer makes a mistake. You can often add intellectual property and media liability coverage.

BEST FOR

Substandard or late work
Errors in software code
Mistake that leads to client data breach

Cyber liability insurance

This policy helps software developers survive data breaches and cyberattacks by helping to pay for recovery expenses, notification of affected clients, and other financial losses.

BEST FOR

Data recovery
Client notification expenses
Fraud monitoring costs

Fidelity bonds

This policy reimburses clients for theft by employees working for a software development company. It's also called an employee dishonesty bond.

BEST FOR

Unlawful data access by an employee
Illegal funds transfer by an employee
Other employee theft or fraud

General liability insurance

This type of insurance covers basic risks, such as accidental damage to a client’s computer. Bundle with commercial property insurance for savings in a business owner’s policy (BOP).

BEST FOR

Client property damage
Client bodily injuries
Copyright infringement and other advertising injuries

Workers’ compensation insurance

Most states require workers' comp for software development businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.

BEST FOR

Employee medical expenses
Disability benefits
Employee injury lawsuits

Commercial auto insurance

Commercial auto insurance covers property damage, medical costs, and legal expenses in an accident involving a company vehicle. Most states require it for business-owned vehicles.

BEST FOR

Auto accidents
Vehicle theft
Vandalism and other vehicle damage

Looking for different coverage? See more policies.

How E&O insurance protects your business

How much does insurance cost for technology companies?

A small startup with a few employees will pay less for insurance than a large tech company.

Factors that affect premiums include:

Services offered, such as application development
Business property and equipment
Business income
Types of small business insurance purchased
Policy limits and deductibles

View Costs

How do I get software developer insurance?

It's easy to get software development business insurance if you have your company information on hand. Our insurance application will ask for basic facts about your company, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:

Complete a free online application
Compare insurance quotes and choose policies
Pay for your policy and download a certificate

Insureon's licensed agents work with top-rated U.S. providers to find insurance coverage that fits your software development business, whether you work independently or hire employees.

What our customers are saying

"I had an urgent contractual requirement for insurance in December to pay before the end of the year. Holly Burton worked with The Hartford to send me an invoice around Christmas. I have saved hundreds in taxes."

Richard C.

Software / internet design

"Raynaldo made quick work of things. I told him what I needed, and ultimately I had a certificate of insurance in a matter of hours."

Michael D.

Programmer

"The response time was almost immediate. The options I was given were based on my company's needs. I received the policy in record time."

Esther L.

Management consultant