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PI INSURANCE FOR SOFTWARE COMPANIES
Specialist PI Cover for Software & Technology Businesses
Software companies face a unique set of risks including coding errors, system failures, data breaches, downtime, security flaws and functionality issues. Professional Indemnity protects your business against claims of financial loss arising from mistakes in software development, implementation or consultancy work.
What PI Insurance for Software Companies Covers
- Financial loss due to coding errors, bugs or system failures
- Incorrect software implementation or configuration
- Failure of a system, update or application release
- Breach of confidentiality or data handling errors
- Intellectual property disputes related to code or design
- Contractual liability required by enterprise clients
FREQUENTLY ASKED QUESTIONS
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Do software companies need Professional Indemnity?
Yes. PI insurance is essential for software companies due to the financial impact of coding errors, system failures or incorrect technical advice.
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Does PI cover software bugs or downtime?
Yes. Many claims arise from bugs, defects or downtime that cause financial loss to clients relying on your software.
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Is PI required for SaaS companies?
Yes. SaaS platforms typically handle data, transactions and mission-critical functions, making PI essential for liability protection.