It is important for all people in the “professional services” business world to have professional liability insurance even IT professionals. Mistakes do happen, and in a world where people like to sue it is important to be covered. This type of technology insurance coverage is similar to malpractice insurance where a professional admits to making a mistake or an error.
It is important for IT professionals to have this liability insurance, in case they are sued.
For an IT professional there they may make a mistake during a business operation or transaction. This may cost a business money or a customer. The professional liability insurance is used for professionals who can do not cause physical harm to a person or property.
The professional liability insurance policy will cover a person if a company loses money due to the service of the IT individual. An IT person is considered to be a professional in their field of study, and they need to be covered if the client is not happy with the services that are being provided.
Professional liability insurance will protect the IT professional keep from losing everything they worked so hard to get while building their IT business.