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An Introductory Guide To Business Insurance For Designers And Developers
15 Mar

An Introductory Guide To Business Insurance For Designers And Developers

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At some point in your career, most web designers and developers can relate to issues with scope creep, unexpected project delays, client relationships breaking down, and unpaid invoices. The good news is that there’s an insurance policy to help with these scenarios. In the UK, we call it “professional indemnity insurance.” Elsewhere, it can be called “professional liability” or “errors and omissions insurance.”

Let’s explore what this insurance is and how it’s designed to keep web professionals in business. I’ll also be sharing real stories of businesses who were glad they had insurance.

What Is Professional Indemnity Insurance?

Professional indemnity insurance protects your business from screw-ups and problem clients.

Let’s say a client threatens legal action, claims loss of income or damages due to a service you provided. Even if you’re in the wrong, professional indemnity steps in to ensure the consequences to your business aren’t crippling.

It’s also important to distinguish what professional indemnity insurance isn’t. After all, business insurance is an umbrella term for different types of cover. One of those covers is public liability insurance — or general liability insurance as it’s known in the US.

Public liability insures your business against claims of:

  • physical injury to clients and members of the public
  • accidents on your work premises
  • damage to third-party property.

This is a popular cover for those who have clients visit their office or those who work from client premises. 

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