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UK SOFTWARE COMPANY INSURANCE CHECKLIST
Essential Cover for Software & Technology Businesses
This checklist outlines the key insurance policies required by UK software companies, including contractual requirements, risk management essentials and best‑practice protections.
What Should Software Companies Have?
- Professional Indemnity (PI) – coding errors, bugs, downtime
- Cyber Liability – data breaches, malware, ransomware
- Public Liability – client-site visits and accidents
- Intellectual Property (IP) Cover – code, assets and ownership disputes
- Contractual Liability – SLA failures, delays, performance issues
- Directors’ & Officers’ Insurance (D&O)
- Employers’ Liability (EL) – mandatory for staff
- Business Interruption – outages, system failures
- Equipment & Laptop Cover – theft, loss, accidental damage
FREQUENTLY ASKED QUESTIONS
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What insurance do UK software companies legally need?
Employers’ Liability is legally required in the UK for companies with employees. Other cover depends on contractual and operational risk.
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Is Professional Indemnity essential for software firms?
Yes. PI is the most important policy for software companies due to coding errors, bugs, downtime and system failures.
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Do SaaS companies require Cyber Insurance?
Yes. SaaS and platform businesses rely on data pipelines, hosting and always-on services, increasing cyber exposure.