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Web Developer Insurance: Quotes From $5

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Web design, ecommerce and online stores are growing dramatically in the wake of a pandemic that has entirely changed the world on that essence as well, and online business and commerce is only going to grow more and more with each passing day. There has never been a better time to be a freelance web developer, but like with any other business, you’ll need the right business insurance for web developers.

Over the course of this short guide, we’re going to explore what you need to know about web developer insurance. We’ll discuss the things you need to know about web development insurance cost, the best companies in the field, and the differences between various types of insurance for web developers.

Cheap Business Insurance Near Me

Professional Liability Insurance for Web Developers

You may have heard of general liability insurance, public liability insurance, and professional liability insurance, though the latter is the only one that’s really common for web developers. Public and general liability insurance only apply to people who are physically at your place of business, which is pretty rare in the web development industry.

Unless you have a large number of clients coming through your doors for in-person meetings, it’s a lot more likely that you’ll get more out of professional liability coverage. This kind of policy is also sometimes referred to as professional indemnity insurance for web developers or Tech E&O (errors and omissions) insurance coverage which sometimes include cyber liability in it too.

Whereas other forms of web developer liability insurance will apply to property damage and bodily injury, professional liability insurance for web developers covers you in case of damages are caused by your work. For example, if you develop a software or a website that’s riddled with mistakes, someone may come after you for the lost income that the website or software caused.

Aside from the website/software itself, professional liability insurance can also protect you from defamation or libel charges and even charges stemming from bad business advice. Along with covering payments to compensate your clients, professional liability insurance can also cover your legal fees.

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Web Developer Insurance Cost

The cost of small business insurance for web developer hinges on the size of the operation and the number of clients that they have. More clients means that there’s a higher chance of you ending up in a tough situation because you’re a lot less likely to make a mistake if you’re only working with a few clients per year.

On the other hand, if you’re working with dozens of clients, there’s a much higher chance of you running into issues. This increases the risk that the insurance company takes for you because it results in a higher chance of them having to pay out when you make a claim.

If your web development firm has a history of making mistakes and getting sued for them, insurance carriers will hit you with higher rates because that also makes you riskier to work with.

To ensure that the following rates are a relatively accurate baseline for you to work with, we’ve gathered them based off of a medium web design firm that has been in operation for four years. This company has a clean history, with no prior claims or incidents on premises. That said, here is the average web developer insurance cost:

CoverageCost per monthCost per year
General Liability$25$300
Tech E&O$63$750
Workers Comp$40$480
Cyber Liability$150$1,800
Commercial Auto$190$2,250
CompanyE&O cost per monthE&O cost per year
Hiscox$71$852
The Hartford$52$624
AXA$84$1,008

Best Web Developer Insurance Companies

When looking for the best insurance for web developers, one of the most crucial things you can do is find the right company to work with. 

In this section, we’re going to look at a couple of the best web developer insurance companies that you can work with, exploring their rates and their particularities.

To compare web developer business insurance quotes from these great carriers and other top tech insurers, simply click 'Get Quotes' on this page, complete the form and have them compete for your business while giving you their best possible rates, coverage options and value for money!

Hiscox Web Developer Insurance

Hiscox is a British insurance carrier that acts as an underwriter for Lloyd’s of London, which is one of the oldest and most prestigious insurance companies in the world. While Hiscox got started with marine insurance, they have since pivoted to niche insurance that other providers don’t offer.

Hiscox Policy Details

Hiscox’s web developer insurance policies include professional and general liability coverage, and these policies feature specific add-ons that suit web developers like copyright protection. Hiscox also offers BOPs (Business Owner Policies) to their web developer clients, combining liability and commercial property coverage.

Pros:

  • Offers web developer business insurance policies

  • Quick claims responsiveness

  • Worldwide coverage

Cons:

  • Not the cheapest (yet provides good value for money)

Average cost: $71 per month

Best for: Larger international web developer businesses

Our Rating: 4.7/5

The Hartford Web Developer Insurance

The Hartford was founded in Hartford, CT, in the 1800s by a group of wealthy merchants who pooled their resources to create a finance and insurance company. The Hartford is one of the oldest insurance carriers in America, and the company has made it through some of the most trying peacetime disasters in the company’s history.

The Hartford Policy Details

The Hartford specializes in providing web developer insurance to freelance workers, and they offer a wide range of policies, including general liability insurance, commercial property insurance, business income insurance, and quite a bit more. They’re also a little more affordable than some of their competitors.

Pros:

  • Rather affordable

  • Wide range of policies

  • Works well with freelance developers

Cons:

  • A little slow to respond to claims

Average cost: $52 per month

Best for: Small web development businesses and freelancers

Our Rating: 4.3/5

AXA Web Developer Insurance

AXA is a French insurance carrier that operates through a network of smaller businesses, allowing them to maintain a presence in Europe, the Middle East, and America. The company was founded in 1816 with the goal of insuring clients in case of fire, but its operations have since expanded to include many fields, including web development.

AXA Policy Details

AXA offers web developer insurance through its web design coverage program. These business insurance policies include professional liability coverage (AKA professional indemnity) as well as business equipment coverage that will pay out in case any of your computers are stolen or damaged.

AXA also offers add-ons so you can tailor your web developer insurance policy to your liking, including breach of copyright and data protection.

Pros:

  • Business equipment coverage

  • Nearly worldwide coverage

  • Data risk add-ons available

Cons:

  • Relatively expensive

Average cost: $84 per month

Best for: Multinational web design firms

Our Rating: 4.7/5

Compare Web Developer Insurance Quotes

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