Computer Programmer Professional Liability Insurance
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What is computer programmer professional liability insurance?
Whether you’re a computer programmer working for a single client or developing code for a large corporation, you could face legal action if your employer believes you’ve made a mistake or omitted information on a programming project.
Many computer programmers may already have commercial general liability insurance or IT insurance in place. Unfortunately, these policies typically don’t cover any claims resulting from services or advice. As a result, you could face legal action and be held financially responsible.
That’s why it’s critical to have computer programmer professional liability insurance. This coverage from EasyCover can help cover any legal expenses should you be sued as a result of your programming services or advice.
Interested in purchasing your professional liability online in minutes?
Acera Insurance offers EasyCover where you can get a quote, bind your policy and pay online in only a few short minutes. Get comprehensive coverage and affordable rates quickly and easily.
Here are some of the benefits of EasyCover:
- Get free online quotes 24/7
- No long, confusing applications to fill out
- Purchase and manage your policy online
- Support by phone, email or chat
- Option to bundle with other coverages
What does computer programmer professional liability insurance cover?
Professional liability insurance is an important safeguard for computer programming professionals who frequently provide tech services, solutions, and advice to clients. You could be held financially liable if a client believes your recommendations, code, or systems caused negative outcomes such as downtime, data loss, or a security breach.
Professional liability insurance can help cover your legal defence costs related to these claims, as long as there has been no deliberate dishonesty, fraud or criminal activity. Given that lawsuits can come at a high cost in the tech industry, we highly strongly recommend having professional liability coverage in place.
How much professional liability coverage do computer programmers need?
EasyCover by Acera Insurance could cover your legal defense expenses if you’ve been sued by a client for tech services you’ve provided. Any settlements or judgments are covered as well, subject to the limits outlined in your policy.
With EasyCover, you can select from three levels of coverage:
- $1 million
- $2 million
- $5 million
These are the maximum limits that could be paid out for any claims within a policy’s 12-month period. As you determine the right level of coverage, you’ll want to consider factors like the nature of your clients and value of their contracts, along with the financial consequences of legal action.
Each covered claim requires you to pay a deductible, which is generally in the range of $250 to $1,500 and is determined by your annual revenue. Let’s say your deductible is $500 and you have two covered claims in one year – that would mean you would pay $1,000 in deductible costs. Your professional liability insurance would cover remaining legal costs (up to your policy limits).
E&O Insurance for Computer Programmers
These are examples of the computer programming professions that we insure:
- Website & App Developers
- Software Developers
- Database Developers
- Front-end/Back-end Developers
- System Programmers
- Programmer Analysts
- Software QA Engineers
If you don’t see your profession listed here, chat with us and we’ll see what we can do!
Common
claims scenarios for computer programmers
Introducing bugs to the program
During the maintenance of your client’s software, an unintended defect was added to the codes causing important data loss. You are held responsible for the errors.
Technology decision
You review several technology vendors and their products to migrate your client’s outdated program to a new platform. The chosen technology proves to be a bad decision. This causes several operating issues to your client. The company will seek compensation.
Security risk
The company you work for is victim of a cyber attack shortly after a system’s audit that you performed. Unfortunately, potential risks were not completely addressed and left the platform open to an attack. The company holds you responsible.
Top factors influencing rates for computer programmer professional liability insurance
Professional liability insurance rates for computer programmers are influenced by these factors:
- The types of clients/industries you work with
- The complexity and scope of your projects
- Your experience and credentials
- Your annual revenue
- Your insurance and claims history
- Your coverage limits and deductibles
- Your number of employees and use of subcontractors
- The province(s) you operate in
If you’re looking for a quick online quote to see how much your professional liability insurance will cost, try our EasyCover virtual tool.
How much does E&O insurance for computer programmers cost?
Insurance premiums will vary based on your own specific details. Here ae some examples to help illustrate how much you could expect to pay.
- An entry-level computer programmer in Canada, who makes $80,000 per year, would pay $660 for their professional liability insurance.
- A more experienced computer programmer who earns closer to $142,000 would pay $858 for their E&O insurance.
Use our quick quote tool to generate your own online E&O estimate. If you are comfortable with the price, continue to the next step to complete your purchase online. It’s that easy.
Risk management for computer programmers
While professional liability insurance for computer programmers provides essential protection, the smartest approach is to prevent issues before they escalate. By adopting proactive risk management practices, you can reduce liability risks, protect your professional reputation, and stay focused on delivering high-quality code and innovative solutions for your clients.
Defined Contracts & Scope
It’s important for Computer Programmers to have clear contracts in place for clients, employees, and subcontractors. By outlining the scope, responsibilities, and limitations, you can help to manage expectations and reduce potential legal actions.
Record Keeping
Ensure you thoroughly document all communications, processes, updates and deliverables. For any in-person or phone meetings, always follow up with an email or written notes to keep a record of what was discussed and any decisions that were made.
Back-ups & Security
Have a process in place to frequently back-up your projects, data and information, along with protocols to ensure you store these back-ups securely.
Testing & Quality Assurance
Prior to delivery or launch, thoroughly test your code for bugs, security vulnerabilities, and performance issues. These QA processes can help catch issues early and reduce the chances of legal action being taken.
Why computer programmers select Acera Insurance and EasyCover for their E&O coverage
EasyCover by Acera Insurance offers trusted professional liability insurance for computer programmers throughout Canada. We make sure it’s simple for you to get affordable and effective coverage through our easy-to-use online quoting tool. It only takes a few minutes to get your free quote and secure computer programming professional liability insurance. Of course our team will be there to help if you have any questions or need support in the event of a claim.
We also offer additional liability coverage options for computer programmers.
Commercial General Liability Insurance (CGL)
CGL is a standard business insurance that can cover a third-party’s claims of bodily injuries or property damage resulting from negligence. It could cover incidents such as a client or delivery person slipping at your office. However, note that CGL does not cover employee injuries or business property damage.
Cyber Liability Insurance
Given your position within the tech industry, we highly recommend computer programmers have cyber liability insurance. This vital coverage can help with recovery expenses if there is a cyber attack or data breach. Since costs for legal fees can be significant in your profession, it’s critical to have cyber liability coverage.
Directors and Officers (D&O) Liability Insurance
If you own or manage a digital agency, game development studio or other programming business, D&O liability insurance can help protect your personal assets. It can cover claims made by clients or employees if you’re held personally liable for decisions made while running your business.
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