IT & Tech Business Insurance in Australia
Running an IT or technology business in Australia is exciting, fast-paced and full of opportunity. But just like your clients rely on your expertise to keep their systems running smoothly, you need the right protection to safeguard your own.
At Design Cover Insurance Brokers, we specialise in supporting IT professionals, technology companies, contractors and startups with tailored business insurance. Whether you’re building software, managing networks, consulting on IT projects or launching a tech startup, we’ll help you secure cover that protects against the unique risks of the industry.
Why IT & Tech Businesses Need Insurance
Technology companies face a mix of traditional business risks and highly specialised challenges. From coding errors and system outages to cyber attacks and client disputes, even the most skilled IT professionals can run into unexpected problems. Without the right cover, a single incident could disrupt operations or damage your reputation.
Some of the biggest risks IT and tech businesses face include:
Client disputes and professional mistakes – A project that runs late, doesn’t perform as promised, or an error that causes financial loss can lead to claims.
Cyber threats – Data breaches, ransomware and phishing attacks are now everyday risks for IT companies of all sizes.
Third-party liability – Meeting clients on site, running events, or having visitors in your office exposes you to public liability risks.
Property and equipment – Laptops, servers and specialist devices are critical to running your business. Loss, theft or damage can hit hard without insurance.
Regulatory requirements – Many contracts and tenders require proof of professional indemnity, cyber or liability insurance before you can even start.
The good news? With tailored insurance, you can safeguard your IT company and focus on innovation, growth and client delivery.
Types of Insurance for IT & Tech Businesses
1. Professional Indemnity Insurance for IT Consultants
Professional indemnity (PI) insurance is essential for IT consultants, contractors and technology professionals who provide advice or deliver specialised services.
Why you need it:
Covers legal costs and compensation if a client alleges negligence, breach of duty, or financial loss due to your work.
Protects against claims such as software not performing as expected, project delays, or data misconfigurations.
Often required for contracts with corporates, government or enterprise clients.
Example: An IT consultant implements a system upgrade for a client. A configuration error causes downtime and financial loss. Professional indemnity cover helps manage the claim and legal defence costs.
At Design Cover, we arrange professional indemnity insurance tailored to IT consultants, software developers, project managers, cloud service providers and other tech specialists.
2. Cyber Insurance for Tech Companies
As an IT business, clients may assume you’re immune to cyber attacks. But the reality is cyber criminals often target technology companies specifically. Cyber insurance helps you recover quickly from incidents like hacking, ransomware, phishing, or accidental data loss.
What’s typically covered:
Data breach response, including forensic IT costs.
Legal expenses and regulatory investigations (such as OAIC reporting).
Notification and credit monitoring for affected clients.
Loss of income due to business interruption.
Ransomware payments and negotiation costs.
Why it matters for IT companies:
Tech businesses often hold sensitive client data, making you a prime target.
Reputational damage can be severe if you’re seen as “the IT company that got hacked.”
Contracts increasingly require proof of cyber liability cover.
By partnering with insurers who understand the IT sector, we make sure your cyber insurance policy matches your real-world risks — not just a generic add-on.
3. Public Liability Insurance for IT Professionals
Public liability insurance protects your business if someone is injured or their property is damaged as a result of your work. Even in tech, liability risks are very real.
Typical scenarios include:
A client trips over a laptop cord during an office visit.
Equipment you install causes damage at a client’s site.
You exhibit at a trade show and someone is injured in your booth.
Public liability cover can pay for legal defence, medical expenses and compensation claims. For many IT contractors and companies, it’s a mandatory requirement before stepping onto a client site or signing a new contract.
4. Business Pack Insurance for IT & Tech SMEs
A Business Pack Insurance policy (sometimes called a business package or business packs) combines several types of cover into one convenient solution. For IT and tech businesses, this might include:
Property and contents insurance (for offices, laptops, servers).
Business interruption cover (protecting cashflow if operations are disrupted).
Theft and accidental damage cover.
Glass, money, or portable equipment cover.
Bundling your insurance into a business pack can often save money while making renewals simpler. We’ll help tailor a package that reflects your size, operations and budget.
Who We Help in the IT & Tech Sector
We understand the insurance needs of a wide range of technology businesses, including:
IT consultants and contractors
Software developers and SaaS providers
Web and app developers
Network and systems engineers
Cybersecurity specialists
Cloud hosting and managed service providers
Tech startups and scale-ups
Hardware and electronics companies
Whether you’re a sole contractor or a growing SME with multiple staff, we’ll make sure your cover scales with your business.
Why Choose Design Cover Insurance Brokers?
Specialist knowledge of IT & tech – We understand your industry and the risks you face.
Tailored cover – We don’t believe in one-size-fits-all policies.
Independent advice – As brokers, we work for you, not the insurer.
Responsive service – When you call, you’ll speak to a real person who knows your business.
Competitive quotes – We compare policies across insurers to find strong cover at the right price.
Sunshine Coast based, nationwide service – While we’re based in Queensland, we support IT businesses across Australia.
Common Questions About IT & Tech Insurance
Do IT contractors need professional indemnity insurance?
Yes. Most contracts require contractors to hold PI insurance before starting work, especially with larger organisations or government clients.
How much does cyber insurance cost for small IT businesses?
Premiums vary depending on your turnover, data you hold and security measures. For SMEs, cyber cover can start from just a few hundred dollars annually.
Can I combine PI, public liability and cyber into one business pack?
In many cases, yes. We can arrange combined packages to simplify cover and reduce costs.
Is insurance mandatory for tech startups?
Not legally, but most investors, clients and tenders will require proof of cover. It’s also a smart way to protect your business in its early growth stages.
Get a Quote for IT & Tech Insurance
Insurance shouldn’t be a distraction from running your IT business. At Design Cover Insurance Brokers, we make the process simple.
Whether you’re an independent IT consultant, a fast-growing SaaS startup, or an established technology company, we’ll find the right mix of professional indemnity, cyber, public liability and business pack insurance to protect your business.
📞 Call us on 0419 550 677
📧 Email us at hello@designcover.com.au
🌐 Quote online at www.designcover.com.au
Final Word
The IT and tech industry moves quickly — but the risks are just as fast-moving. With tailored insurance, you’ll have the confidence to deliver projects, build products, and grow your business knowing you’re protected.
Talk to Design Cover Insurance Brokers today and let’s secure the future of your IT business.