Errors & Omissions Insurance Software Development: Quote

Why take out specialized software development insurance?

• Programming errors that resulted in a financial loss for a customer
• Bugs that compromised the security or performance of a product
• Legal action for non-delivery or failure to meet specifications
• Lack of Disclaimers That Can Lead to Lawsuits
• Contractual requirements of customers or partners requesting proof of insurance

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Why use a developer insurance comparison tool?

• Quick access to multiple quotes from qualified brokers
• Products designed for the digital and coding professions
• Significant potential savings on your premiums
• Considerable time savings by avoiding manual searches
• A clear assessment of the benefits available for your needs

Which insurers cover developing errors and omissions?

Une assurance erreurs et omissions est-elle obligatoire pour les développeurs?

No, but it is highly recommended for any indie, corporate or contract developer exposed to professional responsibilities.

IN BRIEF

E&O for Software Development Companies

Custom software development (SaaS, mobile apps, ERP) involves complex deliverables and critical deadlines. An E&O technology covers bugs, delays, and non-conformities to specifications.

SaaS particularity: add the cyber and privacy liability guarantee for hosted customer data. Essential for Law 25 (Quebec) and SOC 2 (enterprise customers) compliance.

Que couvre l’assurance erreurs et omissions?

It covers the costs of a lawsuit or claim in the event of a professional error, oversight, or lack of service.

Est-ce que l’assurance inclut la cybersécurité?

Often, cyber insurance can be added to the E&O policy, which is particularly useful in the event of a data leak or hack.

What are the main coverages in errors omissions insurance software development insurance?

A typical errors omissions insurance software development insurance policy in Quebec includes: general civil liability (damage to third parties), commercial property (building, equipment, stock), equipment breakdown, business interruption (income loss after a claim), and depending on the sector, professional liability or cyber-risks. Exact coverage varies by insurer and profile — your partner broker tailors the policy to your operations.

What exclusions should I check before signing?

The most common exclusions in business insurance: intentional acts, normal wear and tear, claims occurring before the policy period, certain catastrophic risks (flood, earthquake — often optional), mobile equipment off-site, and undeclared activities. Always read the exclusion clauses and declare all your operations to avoid claim denial.

Can I bundle my errors omissions insurance software development insurance with auto or home?

Yes. Most of our AMF-certified partner brokerage firms offer multi-product bundling. Combining business insurance with auto or home can generate a discount of 10 to 15% on total premiums, plus simplified management (one point of contact, one renewal date). At Assur360, the quote systematically evaluates the bundled option.

How does professional liability (E&O) insurance work?

Professional liability (E&O) covers errors, omissions or negligence committed in the course of your profession, plus legal defence costs. It differs from general liability (which covers bodily or property damage to third parties). Depending on your sector, E&O can be strongly recommended or required by contract (e.g. by clients or professional associations).

How long does a errors omissions insurance software development quote via Assur360 take?

The online form takes 3 minutes to fill out. You’ll then receive a call or email from an AMF-certified partner brokerage firm (member of the Chamber of Insurance) within 24 to 48 business hours with a personalized quote for your business. The quote is free and no obligation — you’re free to accept, decline, or negotiate.

Request your quick and free quote