Application Developer Insurance


With the steadily increasing number of smart phones and tablets being used, applications are in high demand. It’s now more important than ever to make sure that the applications being installed on devices are secure, effective, and safe.

While General Liability provides broad coverage against many types of incidents that could lead to a claim, application developers face specific risks that may not be covered under their General Liability policy.

Consider these scenarios:

  • The in-app purchases function in the application you built does not work correctly, causing the company you built it for to lose sales and revenue.
  • A security hole allows private login or credit card information to become public

A Technology Professional Errors & Omissions (E&O) Policy is specifically designed to protectifrom these types of claims. While General Liability is designed to protect the business owner from claims that involve bodily injury, slander, defamation of character, or property damage, a Technology Professional E&O Policy protects against claims involving damages that are purely financial in nature.

Whether developing applications for desktop computers or smart mobile devices, it is imperative for application developers to have both General Liability insurance and Technology Professional E&O insurance for truly comprehensive coverage.  The cost of both policies and peace of mind is as little as $110/month or a total of $1100.