Software and web developer insurance is moderately priced — Insureon shows GL at $32/month and tech E&O at $111/month.
Most software development businesses pay about $32 a month for general liability and $111 a month for professional liability, based on Insureon's figures for its own customers.
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Software / Web Developer Insurance Cost Breakdown
Premiums from Insureon's 2026 software / web developer cost data for its own customers (Insureon calls them averages; its method note describes median premiums):
| Coverage | Average Monthly | Average Annual |
|---|---|---|
| General liability (GL) | $32/mo | $385/yr |
| Workers' compensation | $41/mo | $489/yr |
| Professional liability (E&O) | $111/mo | $1,330/yr |
Related Guides for Software / Web Developer Insurance
For an independent breakdown of which carriers actually write software / web developer insurance well in 2026, see our carrier comparison.
What Drives Software / Web Developer Insurance Cost Up or Down
- Type of work (custom development vs SaaS vs consulting)
- Client industry mix (healthcare, finance carry higher liability)
- Whether you handle client data (PII, financial, healthcare)
- Use of subcontractors or offshore developers
- Contract requirements (clients increasingly mandate cyber + E&O)
- Claims history
How to Lower Your Software / Web Developer Insurance Cost
- Use detailed scope-of-work agreements with clear deliverables and IP terms
- Bundle tech E&O + cyber — typically cheaper than separate policies
- Implement basic cybersecurity hygiene (MFA, encrypted backups) — supports favorable cyber rates
- Document compliance certifications (SOC 2, ISO 27001) where applicable
- Get tech-specialist carrier quotes (CFC, Beazley, Travelers Tech, Embroker)
Frequently Asked Questions
How much does software / web developer insurance cost?
Per Insureon's 2026 data, general liability averages $32/month ($385/year), workers' compensation runs $41/month, professional liability averages $111/month. Total premium depends on revenue, employees, state, and claims history.
What insurance do I need as a software / web developer?
Most software development businesses need: general liability (often bundled into a business owners policy), workers' compensation once you have any employees, professional liability (E&O) if you provide advice or deliverables. The specific mix depends on your operations, employee count, and any contractual requirements from clients or vendors.
How long does it take software development businesses to get insurance quotes?
It depends on how many policies software development businesses need and how quickly you can supply the details. Chubb says a basic online quote often takes only a few minutes for a simple business. Workers' comp takes longer to price because the insurer needs your payroll for each type of job. Professional liability usually needs a short application about the services you provide and any past claims. Having these details ready is the fastest way to get quotes; see what you need for a business insurance quote.
Should software development businesses buy insurance direct or through an agent?
Either can work for software development businesses. Buying direct from an insurer online suits a simple business that needs one or two policies. An agent or broker who compares several insurers helps most when you have employees and need workers' comp, because you are buying several policies at once. Neither route is cheaper by default: each insurer prices its own business types and states, so comparing quotes is the only way to know.
What's the difference between software developer tech E&O and standard E&O?
Tech E&O is purpose-built for software professionals — it covers errors in code, system failures, data breaches caused by your work, and contractual delivery failures specific to software. It is often bundled with cyber liability. Insureon shows software developers paying $111/month on average for tech E&O.
Do solo developers need cyber insurance?
Increasingly yes. Solo developers handle client systems, credentials, and code with real business value. A breach traced to your work can produce six-figure claims. Insureon shows software development companies paying $124/month average for standalone cyber, or it can be bundled with tech E&O. Most B2B contracts now require both E&O and cyber coverage.