Software

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Software business insurance provides a protection net that lets you conduct business confidently. This financial protection can cover legal claims against you and help you to keep your business running.

Developing software programs that make our working lives easier is a cornerstone of effective business. Whether you’re operating a business with only a few people or a large software corporation, you need insurance to protect you against the risks that come with developing software. In addition to protecting yourself against the typical risks that come with running any business, insurance for software companies is designed to help you deal with potential lawsuits associated with your software.

You might have the next big idea for inventory tracking software to be used by electrical parts businesses, or you may be enthusiastically working on a digital trading card game. No matter who your intended customers are, you and your team are likely coding, testing, and debugging long into the night in the hopes that it will all be worth it in the end. Such is the life of a programmer.

It only makes sense that you’d want to protect all your hard work. Consider that, depending on what kind of software you develop, you could be susceptible to certain risks and liabilities, such as data theft and copyright infringement. You could even be liable for using third-party software that has security flaws. And if clients visit your office? You’re liable for any injury they have on your property, too.

There is a plethora of potential risks your business could face both before and after the completion of your newest software program, app, or other project. So how do you protect yourself and your assets? Small business insurance can help.

Business insurance can cover the costs for a number of liability claims, including lawsuits. For example, say a program you develop for a client ends up making them vulnerable to a cyber attack. They might sue you to recover their losses. If you have Errors and Omissions Insurance in place, your policy may help you pay attorney fees and legal costs.

Developing software programs that make our working lives easier is a cornerstone of effective business. Whether you’re operating a business with only a few people or a large software corporation, you need insurance to protect you against the risks that come with developing software. In addition to protecting yourself against the typical risks that come with running any business, insurance for software companies is designed to help you deal with potential lawsuits associated with your software.