Insurance for software and IT services

Software and app development insurance from specialists in digital businesses.

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Award-winning cover
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Fast, effective and commitment free

Software and app development are among the most innovative and fast-growing industries out there. Combining creativity and technical skills, your services are highly valued, and clients put their trust in you to deliver high quality work, on time.

But running a software development business also comes with risks. What if a project doesn't go as planned, you suffer a data breach, or your equipment gets stolen? Without insurance, you're likely to face some hefty bills, not to mention damage to your reputation.

From £5.13 per month

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Award-winning insurance

We're the British Insurance Awards 2018 Insurance Start-up Winner - recognised for our innovative range of covers, online customer experience and flexible subscription model, which make buying and managing insurance easy and accessible for businesses in the digital industries.

Why do I need insurance?

Cyber and data threats

Protecting customer and user data is non-negotiable, with cyber-attacks on the rise and the GDPR now in force. Even with the latest security solutions in place, sometimes a breach is unavoidable, which is why cyber liability cover is so important. Covering any legal fees, fines and financial losses, our cover also includes a first response package, minimising reputational damage and business downtime.

Contract disputes

Software development can be an unpredictable business. Mistakes can happen, projects can go awry and you can face client and contract disagreements, often through no fault of your own. Professional indemnity insurance is designed for just those eventualities, covering any legal costs, fines and compensation payments.

IP infringement

A great idea is worth protecting, whether it's your own copyright and trademarks, or somebody else's. Our professional indemnity cover will protect you if you accidentally infringe on the IP of another business, covering legal and compensation costs. Plus, we'll pay up to £25,000 to defend your own IP from infringement by others.

Tools of the trade

A theft, fire or flood, could mean losing some or all of your valuable equipment and belongings, with disastrous repercussions for your business. With our contents and equipment cover, we'll make sure your gear is replaced and you're back up and running in no time. And unlike with many providers, being based in a co-working space is no problem.

Read the 5 biggest risks facing app and software developers.

Further reading
20 Aug 2019
3 minute read

Angel investors vs venture capital

Discover the main differences between two of the most common sources of startup funding and the best ways to choose the right path for your business.

12 Aug 2019
4 minute read

Business risk management

Risk is a necessary part of any endeavour, and it is impossible to run a risk-free business. You can, however, reduce the risk of risk.

18 Jul 2019
4 minute read

Private equity vs venture capital - know the difference

While PE and VC are similar, they are aimed at businesses at very different stages in their lifecycles.

We insure thousands of innovative businesses
Habit
Patch
Paddle
Ravelin
SafeToNet
GetAgent
Tech Nation
AppyParking
We're rated excellent by our customers

Excellent value at an affordable monthly cost. I have not needed use the services. But its good to know I have the insurance there to allow me to get on with my work.

James, J. Black Photography

Flexible. simple, easy, immediate. As a busy freelancer I need flexibility to potentially change the policy month by month - very handy and a feature I didn't find with other providers.

Tim, Graphic Design Freelancer

Excellent service, and really lovely people. Completely understanding of small or start up businesses, and a willingness/ability to be flexible. I'm very happy.

Lorna, Magic Penny Gifts

A super slick interface and all around great experience. Thumbs up Digital Risks! Having spoken to a number of "large" insurers, the pricing I received from Digital Risks was much more competitively priced for "like for like" cover. Highly recommended.

Jonathan, Frello
You're in safe hands
Authorised by the FCA

The FCA supervises UK financial services firms to protect consumers. We are directly authorised and regulated by the FCA and our Firm Reference Number is 656459. These details can be confirmed on the Financial Services Register at www.fca.org.uk or by calling the FCA on 0845 606 1234.

A-rated financial strength

Our insurance products are underwritten by Standard & Poor’s A-rated financial strength or higher. This means the underwriter has been independently assessed by the world’s leading credit rating provider and found to have a strong capacity to meet financial commitments (pay claims).

Protected by the FSCS

If you are a business with an annual turnover under £1m, charity with an annual income under £1m, or trust with net assets under £1m, then you will be entitled to compensation from the FSCS in the unlikely event we cannot meet our obligations. Full details and further information on the scheme are available at www.fscs.org.uk