The World Wide Web has taken over the world and has completely changed the way we communicate and locate information. In this information age, working as a web designer or developer can be a lucrative career choice, with the whole process of planning, designing and creating a working and successful website now practically considered a science all of its own.
A powerful website can be the vital ingredient to becoming a profitable business. So what happens if you make a mistake on one of your key accounts, leading to loss of profit and very disgruntled customers? It could be wise to protect yourself and your livelihood by taking out a comprehensive policy to cover you for your third party and personal liabilities.
By understanding the potential risks that could affect your business, you can search for the perfect perfect business insurance package to cater for the increasing needs of the internet industry. Policies will probably include professional indemnity cover and, if you employ one or more staff, employers' liability cover.
Why do I need professional indemnity cover?
How would you manage if a small mistake on your part resulted in a client’s website crashing and a significant loss of revenue for them? If you provide knowledge, expertise, advice or skills to clients, then professional indemnity insurance could be essential in protecting you from costly third party claims and potentially huge legal fees. If you are accused of negligence, such as copyright infringement or loss of data, even if the claim is suprious, you may still face unexpected financial outlay.
Why do I need employers’ liability insurance?
This is normally a legal requirement if you hire contractors or have one or more employees on your books. It’s there to help protect you and your staff in case of accident, injury or death. It could help cover the cost of a claim from an employee who has been injured or become ill as a result of working for you.
Get a quote now or read more in our business insurance guides.