Software developer insurance

Why do I need insurance for my software development company?

When you’re coding a piece of software, the risks are high. Whatever industry you’re working in, there’s a huge amount of responsibility: the code you write is essential to make processes and programmes run, and any bugs or glitches can have significant, potentially costly, real-world consequences.

For your sake, it’s important that you’re protected. That’s where AXA insurance can support you.

Build the insurance that suits you with our hassle-free, tailorable cover and you’ll only pay for the things you need. And knowing that you’re insured against future risks can free you up to get back to the most important bit of all: the day job.

Do I need insurance for my software company?

Think about the risks you face, the typical value of the projects that you work on and the type of work that you do. If something went wrong with a programme you’d written, equipment is stolen or a client makes a claim against you – would you be able to pay any associated legal or compensation fees out of your own pocket?

Insurance could be an important investment against these risks.

Whether it’s protecting yourself from damage caused to a client’s property when you visit for a meeting or if recommendations you provide cause financial loss to a client, our core covers can help you protect the essentials – whilst our extensive range of add-ons deal with the rest.

Do software developers need insurance?

Every business needs insurance, to safeguard what they do, who does it and what they use to do it.

But in your specific case? When you provide professional advice and expertise or handle large amounts of client data or intellectual property, professional indemnity insurance can prove invaluable against breach of copyright claims or cases where you’ve caused financial loss for a client.

You can choose to purchase cover retroactively, with the option to cover your business from the day that you began working – meaning you’re protected, no matter what happens in the future.

Legal expenses cover may also be important for your line of work – and with legal expenses, we can support you with legal counsel and cover for dispute costs.

We can support you with disputes relating to:

  • Contracts
  • Criminal prosecution
  • Data protection
  • Employment
  • Personal injury
  • Property
  • Statutory License Protection
  • Tax protection and VAT

It’s important to remember that some types of insurance are legal required too, such as employers’ liability insurance, which you’ll need if you have any staff, apprentices or interns who work with you.

Should freelance software developers be insured?

If you’re a self-employed software developer, AXA will be able to help you protect your business. We’ll cover almost all different types of software developers, but there are certain restrictions around specific software types.

If you aren’t sure if we’d cover you, feel free to get in touch with our expert team who’ll be able to answer any questions you have.

How much does software developer insurance cost?

Every business is unique – and depending on the size, scale and kind of work conducted by the company – it’s almost impossible to put a one-size-fits-all price on business insurance.

The quickest way to find out what your insurance will cost? Get a quote online – it’ll take a few minutes, and it’s the best way to work out the cover that’ll work for you.


What kind of covers can I choose from?

Create the package to suit your insurance needs, choose from the covers below:

Professional indemnity

Protection to cover against legal fees, expenses and compensation costs that come up as a result of advice, designs or specifications you provide that are found to have caused a financial loss for a client.

Find out more about professional indemnity insurance

Public liability insurance

You’re responsible for the welfare of every customer or visitor. Public liability keeps you covered for up to £5 million if a member of the public is injured or their property gets damaged while dealing with your business.

Find out more about public liability insurance

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