Professional Indemnity Insurance for IT Consultants & Tech Companies

Specialist Protection for a Rapidly Evolving Digital World

As technology continues to advance and the demands of the industry grow, so too does the exposure to complex and costly risks. Our policy offers clear, tailored coverage — allowing you to stay focused on your business while knowing you're protected if a claim arises.

Who is it for?

IT consultants and technology companies with an annual turnover of up to €3 million.

What makes our policy unique:

Coverage for unintentional breach of contract – a leading cause of claims

Protection against intellectual property infringement

Cover for loss of profits resulting from errors or service failures

Breach of confidentiality or data privacy

Restoration of lost or damaged data

Worldwide claim coverage (optional)

Full legal defence costs included

Cover for financial loss due to employee dishonesty

Includes loss or damage caused by subcontractors

Real-Life Scenarios

💻 An experienced IT consultant misadvised a client regarding the software and cloud service requirements for a new system. Once installed, it became clear the software lacked the correct licensing. As a result, the consultant was responsible for covering a SPLA (Service Provider License Agreement) at over €800 per month for 36 months. Hiscox covered the cost, as the error fell within the scope of the policy.

🖥️ A major tech company developed software to manage unemployment benefit payments. Due to critical programming errors, over 100 corrective measures were needed to make the system functional. This caused project delivery delays and financial losses totalling €1.8 million. Hiscox assembled a specialist team to recover missed processes and mitigate further impact — all covered under the policy.