What is Software Developer Insurance?
Software development firms are exposed to a variety of potential perils, including both property- and liability-related risks. In some cases, these risks can result in expensive losses or costly legal fees. Software developer insurance helps protect software firms in Massachusetts from a number of covered risks that they could face.
Software developer insurance is a specialized type of commercial insurance that’s intentionally designed with software firms in mind. Most policies are drafted as package policies that come with several protections bundled together.
What Massachusetts Businesses is Software Business Insurance Right For?
The vast majority of Massachusetts businesses that are involved in the design and implementation of software applications ought to consider getting software business insurance. This may include (but isn’t necessarily limited to) the following:
- Developers of enterprise and business software programs
- Developers of personal software programs
- Video game developers
- Website plug-in developers
Businesses that are unsure whether this or another insurance option is more suited for their situation can consult with an insurance agent who specializes in software business insurance. A specialized agent will be familiar not only with these policies but similar ones as well, and they’ll be able to make an informed recommendation as to which type of commercial policy best suits a business' needs.