Insurance for Software Developers

Instant Coverage. Rockstar Treatment. No Bull.


Need insurance fast? Want good coverage at competitive prices? Bullfrog Insurance delivers instant coverage, rockstar treatment and no bull. We keep insurance simple.

Could you afford a lawsuit if you or an employee caused property damage or an injury to someone due to a negligent act? Could you cover the costs if your equipment is destroyed in a fire? Protect your small business with software developer insurance.

What is software developer insurance?

Software developer insurance is designed to protect your business if you’re sued for causing physical harm or property damage to a third party. We also offer property insurance to protect your company’s belongings.

What is covered by software developer insurance?

We offer two main areas of insurance for software developer insurance:

  1. Commercial general liability insurance.
  2. Property insurance.

Commercial General Liability Insurance for Software Developers

Commercial general liability insurance protects software developers and their business in the event they’re sued due to:

  • Causing bodily injury to a third party due to negligent acts
  • Causing property damage to a third party due to negligent acts
  • Causing reputation harm to a third party due to negligent acts

What are negligent acts? They are a failure to exercise appropriate care in a specific circumstance.

Software developer commercial general liability insurance can help cover legal expenses including defence costs, judgement awards and settlements.

We offer a few levels of coverage:

  • $2 million
  • $3 million
  • $4 million
  • $5 million

This is the maximum that will be paid out over one policy term (usually a year).

Not sure how much coverage you need? Consider the likelihood of a lawsuit and what it could cost, your annual revenue, where you operate, and the number of employees you have.

Property Insurance for Software Developers

Our property insurance for software developers covers physical damage to your company’s property caused by a covered peril. This includes fire, theft, and more. We provide this protection whether your property is at your company’s premises or off-site.

We offer two levels of protection:

  • $10,000
  • $20,000

Consider how much it would cost to replace your company’s equipment and choose the level of coverage that is greater than or equal to that amount.

What isn’t covered by software developer insurance?

Insurance is designed for major unexpected events and it doesn’t cover everything. Your policy documents will specifically outline any exclusions, but we’ll review the high-level ones here.

What isn’t covered by commercial general liability insurance for software developers?

Commercial general liability insurance is designed to cover you only if you’re held liable for causing bodily injury or property damage to a third party due to negligent acts.

This means the following won’t be covered:

  • Injuries to employees
  • Property damage to your company’s equipment
  • Financial loss to clients as a result of your professional service or advice
  • Damage or injury caused by intentional or criminal activity
  • Contractual liability (if you are contractually obligated to pay for damages)
  • Injury or damage caused by operation of an automobile, aircraft or watercraft

What isn’t covered by property insurance for software developers?

Property insurance covers your company’s belongings such as equipment, furniture, and more if they’re damaged or destroyed by an insured peril. Not every cause of damage is covered, including:

  • Flooding
  • Earthquakes
  • Sewer backup
  • Wear and tear
  • Mechanical or electrical breakdown
  • Rodents, insects, and animals
  • Loss of business income

Why do software developers need insurance?

Software developers should have insurance for three main reasons:

  1. Reduce the financial burden of an unexpected event like a lawsuit or property damage
  2. You may be contractually obligated to carry a certain amount of insurance by a landlord or client
  3. Being insured is appealing to potential clients as it reduces their risk and makes you appear responsible

What happens if a software developer doesn’t have insurance?

If you do not have insurance as a software developer, you will need to pay out of pocket for any lawsuits and property damage.

If you are contractually obligated to carry insurance, you would be breaking that contract and there may be legal consequences.

How much does insurance for software developers cost?

Insurance for software developers ranges in price depending on the carrier as well as the factors individual to your business.

  • You can expect your premiums for software developer insurance to range between $529 and $769/a year.
  • This averages out to between $44 and $64/month.

You can see how much it would cost you to purchase software developer insurance by applying for a quote with Bullfrog Insurance today.

What affects insurance rates for software developers?

The following factors can affect software developer insurance rates:

  • Your company’s annual revenue
  • Where your company operates
  • The number of employees you have
  • Your business operations (what you do)
  • Your insurance history
  • Your insurance options

Have any more questions? Reach out to Bullfrog’s software developer insurance experts. They’ll be happy to give you answers.

Why our customers love Bullfrog

Our customers love Bullfrog because we make insurance simple. Do it quickly online yourself or talk to one of our knowledgeable insurance brokers. We’re responsive and professional and our insurance coverage is quality and competitively priced.

G. Lauzon

I love dealing with Bullfrog Insurance. Their account executives are very knowledgeable and think outside the box. Service is super fast too. Thanks Bullfrog!

Sev Michaels

White Lilac INC.

Thank you so much for your assistance, you made the process so painless. I have contacted other brokers before and they made it so complicated. Also, you were far more efficient!

An Important Update About Bullfrog Insurance 

Please be aware that due to a change in our operations, Bullfrog Insurance has made the difficult decision to start winding down our business. This means we are no longer accepting new clients. 

Are you an existing Bullfrog Insurance client? Rest assured that your coverage remains valid, and you’ll continue to be protected up until your policy expiry date. Watch your inbox for more details from our team.