As an IT consultant, you probably travel to a variety of locations for a host of different jobs, meaning that you are presented with a multitude of risks on a daily basis. Wherever you go and whatever the job in hand, ensuring you have comprehensive insurance in place to protect against unforeseen events is crucial. Without the right IT contractor insurance, you could be exposed to large financial loss that could jeopardise the future of your business.
IT consultants insurance will typically include public liability cover to safeguard your livelihood against accidental damage to third party property, as well as accidental injury. For instance, if a client tripped over some network cables you were installing, sustaining an injury, you may be liable to pay compensation awards. Public liability insurance protects you against these eventualities, letting you focus on the job in hand.
As a professional, the advisory aspect of your business should play a fundamental part of your business considerations. Even as a perfectionist, mistakes are sometimes made, and professional indemnity insurance can protect you against these errors.
If you employ staff, you will need to arrange employers' liability insurance to protect your employees whilst they are at work. As careful as you may be, accidents do happen and can lead to large medical bills and payments for damages.
Dependent on the nature of your trading activities you may wish to include cover for your business premises, contents, equipment and stock. These can be included in some business insurance policies, and can also be extended to protect business equipment away from your premises. In the event that you suffered damage to your business property meaning you were unable to trade, then business interruption insurance cover can protect your loss of income whilst you get back up and running.
Commercial legal expenses can insure your business against tax and VAT appeals, as well as employment disputes and compensation awards, and also provides jury service allowance if you or your employees are summoned.
There are other considerations that you may need to make, depending on the nature of your work and the exposures you face. You may be working for large corporate clients and have remote access to business networks. On the other hand you may only be dealing with clients wishing to repair or maintain their domestic computers and networks. Either way ensuring you have adequate cover for all your business activities is essential for business continuity.
So whether you are out and about visiting a variety of clients, or a home-based IT professional, IT contractor insurance is a must for any business owner in this sector.
We arrange insurance for IT contractors on a regular basis, that's why we'll work with you to find just the right cover for your business needs. Our team of advisors are on hand to make arranging your IT contractor insurance simple and hassle-free. Compare quotes online in minutes or give us a call if you need advice.