Software and IT Services Insurance

Why should I consider software insurance?

The speed at which technology changes and evolves means that customer expectations are higher than ever before. Combine this with a greater reliance on the internet and IT, and business risks have become more numerous and complex. From cyber-attacks to online fraud, even a momentary loss of connectivity can have a negative impact on a business.

Whether you’re an IT contractor, tech start-up, or multinational software company, our software industry insurance provides you with risk solutions to minimise your exposure and help protect your cash flow.

What is covered by insurance for software products?

Insurance for software products is bespoke to your business and has the capabilities to up-scale and update as your company grows, providing you with a fully flexible plan that suits you and your business needs. We know that one size doesn’t fit all which is why we offer tailored wordings which are developed in collaboration with carefully selected insurers.

Software insurance cover can include (but is not limited to): Cyber Risk and Network Security, Technology Errors and Emissions (E&O insurance), Business Interruption and Downtime, Property Damage, Management/Directors and Officers Liability, Disputes, Mergers and Acquisitions, IT Contractor Professional Indemnity Insurance, IT Contractor Income Protection Insurance.

Why should I choose Gallagher for my software insurance?

With decades of experience in providing businesses insurance, we have specialists across all industries working to provide tailored insurance solutions for our clients. When you take out a software insurance policy with us you will get a professional service and bespoke cover.

If you’re a start-up business, we can deliver flexible, cost-effective tech insurance for where you are right now, and update your cover as your company grows. Similarly, if you’re a contractor, we can put together bespoke IT contractor insurance for you, with the flexibility to change and scale your tech insurance as you move through contracts and work with different clients.

At the other end of the scale, we are able to provide comprehensive cover for global software and IT companies. By analysing current risks and anticipating those in the future, we are able to design and build an optimal risk and insurance programme, however large or complex your business.

If you need to make a software insurance claim, we want to make the process as simple as possible. Because we handle all our claims in-house, you are assigned a dedicated claims specialist will resolve your claims as quickly as possible.