Technology & Media
The UK is a global hub for creative digital businesses. We have world-leading talent in creative media, software development and consulting. Providing technology, digital or creative services is becoming ever more professional and clients’ expectation levels are constantly increasing. They have high standards for quality and timely delivery of services and firms falling short can be vulnerable to complaints.
Click here to download our guide to Professional Indemnity insurance for Web Designers and Digital Creatives.
We can provide insurance solutions for Web Designers, Mobile App Developers, IT Consultants and Software Publishers to name a few. A complaint or claim from a client who is unhappy with your service, needs to be dealt with quickly and efficiently. Reputational damage, financial compensation and legal bills are just some of the things you want to avoid.
Choosing the right cover for your business
Clients are increasingly asking for professional technology, digital and media firms to carry PI before awarding contracts for work. Unintentional breach of contract, infringement of copyright, trade mark and computer security failure are all potential risks. Professional Indemnity insurance doesn’t just payout when there is a claim, it offers lots of additional support including paying defence costs and giving you access to claims advisers.
Many consultants consider the following cover options:
Technology is vital to IT and Media professionals who have invested in high-tech equipment (design software, laptops, tablets). Being unable to meet a deadline for a client due to a lost or stolen laptop could be costly. Profile PI can protect your equipment at the office, at home or away.
Our Public Liability coverage provides cover for damages and claims expenses due to third party injury or property damage, caused by you in the course of your work, or at your premises. Our insurer can also contribute towards court attendance and criminal defence costs.
Whether you’re building a website, database or handling a large data migration for a client, you may at times be controlling, or in possession of, a large amount of sensitive data. Our Cyber Breach Cover can assist in the event you inadvertently lost this data or you suffered a breach. It acts like an emergency service to help manage the data breach.
Employers’ Liability insurance is a legal requirement if you employ staff. This protects you and your business against potential employment claims from staff.
Directors of companies are obligated by their fiduciary duties and must act with honesty and integrity as a company director. Alleged or wrongful actions by a named director can include mis-reporting of accounts, HR and employment claims, reporting errors or tax investigations. Profile PI can arrange D&O cover to protect and defend individual directors from claims by employees, shareholders or regulators and authorities.
If your office or studio is out of action due to a flood, public utilities disruption or you are denied access, it can have a big impact on your ability to trade. Loss of trade can hit your bottom line hard. BI insurance can provide your business cover for your lost income.
From time to time you may require the services of a lawyer for legal advice. Specialist legal advisers’ costs can quickly mount up. Legal Expenses cover can help with tax enquires, employment matters and regulation matters to name a few.
Our staff would love to create a bespoke package of cover and limits based on your business requirements specifically for you.