In the last few decades, programming has continued to evolve and has become part of almost all products and services we interact with on a daily basis. It is an exciting field, and programmers are currently in higher demand than ever. As more professionals begin to delve into the world of programming, many are finding themselves in need of an affordable and reliable professional liability insurance for computer programmers.
Computer programmers are not immune to making errors. One mistake, depending on its severity, can have significant impacts on a business. These mistakes, also known as “errors or omissions” can be very costly.
Even the simplest of mistakes in programming can cause insurmountable damage. Businesses can lose potential customers, incur financial losses, and sustain harm to their reputation because of a programming error that causes a system to go down, even if for just a few minutes.
As a computer programmer, accidentally making a mistake in your code or even failure to meet a deadline could have a damaging effect on both your finances and your reputation for many years to come. You could lose your job and be sued by the company you rendered services to.
Chances are you are already covered under a commercial general liability insurance policy, but does that give you sufficient coverage? Commercial general liability insurance will not protect you should claims be filed against you relating to professional services or advice that you provided. To avoid major losses resulting from being held liable for an error or omission, you should be covered under an IT professional liability insurance policy.
How Can Professional Liability Insurance for Programmers Protect You?
As a programmer, purchasing a reliable professional liability insurance policy (also known as errors and omissions insurance) can help you protect your finances and reputation if you are faced with a lawsuit. The situations surrounding claims can vary, but they are generally related to the following causes:
- Errors and oversights
- Failure to meet deadlines
- Delivering incomplete or malfunctioning work
- Going over budget
- Breach of contract
- Negligence
In general, software programmers can face liability claims over software bugs, missed deadlines, or software that doesn’t meet client requirements.
Professional liability insurance is not only important for software developers and programmers; it can also be of great help for IT specialists, cybersecurity specialists, data scientists, and more.
Professional liability insurance is recommended for professionals who provide services or advice in all industries and fields. At EasyCover, we can make sure that your professional liability insurance coverage fits the specifics of the computer programming field and the conditions of your position and the kind of services you provide.
Readmore:
- Can a Software Failure Lead to a Lawsuit?
- Do you need Professional Liability insurance?
- The Average Cost of Professional Liability Insurance: All You Need to Know
EasyCover enables you to request a free professional liability insurance quote and purchase insurance coverage online easily and within minutes. No waiting, no hassles, fast, effective insurance coverage available at your fingertips.
You can also speak to one of our licensed insurance brokers by calling us toll-free at 1-844-439-2683 or by using our live chat during our regular business hours.