Software company insurance
If you run a software company, your biggest risks might not be visible—but they can be costly. Whether you’re building custom platforms, deploying SaaS products, or offering backend infrastructure, your code could carry real-world consequences. Bugs, breaches, contract disputes, and data loss all put your company at risk. That’s where software company insurance comes in.
At Cogswell Insurance Agency, we help software developers, engineers, and tech entrepreneurs in Montana protect their businesses with insurance tailored to the tech world.
Why do you need software company insurance?
You might not own a fleet of trucks or operate out of a warehouse—but that doesn’t mean your business is risk-free. In fact, software companies face some of the most unpredictable liability scenarios in the insurance world. Think service outages, security breaches, intellectual property disputes, or a client blaming you for lost revenue.
Typical insurance claims in the software industry
Here are a few real-world scenarios where insurance saved software companies from major financial setbacks:
| Scenario | Estimated Cost | Covered? |
|---|---|---|
| Client sues over lost revenue caused by a software bug | $75,000 | Yes (E&O) |
| Ransomware attack encrypts customer data | $120,000 | Yes (Cyber Liability) |
| Employee spills coffee on server hardware | $15,000 | Yes (Business Property) |
| Customer injury during a visit to your office | $20,000 | Yes (General Liability) |
What does software company insurance cover?
Errors & omissions (E&O)
Protects you from claims that your software or service caused a client financial harm—even if you didn’t do anything wrong.
Cyber Liability
Covers costs tied to data breaches, ransomware attacks, and other cyber events—including recovery and legal fees.
General liability
Covers property damage or bodily injury claims tied to your business premises or operations.
Professional liability
Protects against claims of negligence, delay, or failure to deliver work as promised—common in the tech sector.
Business property
Covers your physical assets like servers, laptops, and office equipment, whether on-site or remote.
Who we cover
At Cogswell Insurance Agency, we work with software companies of all shapes and sizes—from solo developers and startups to enterprise-level SaaS firms. If you’re involved in building, maintaining, or selling software, we can help you stay protected. Our clients include:
- Custom software developers
- SaaS and PaaS companies
- App and web developers
- Data analytics and AI firms
- Enterprise software providers
Protect your business today
Your software powers everything from online payments to logistics and communication. But one unexpected claim could stall your growth—or worse. With tailored insurance from Cogswell Insurance Agency, you get to focus on building great tech, while we handle the risk. Call us at 406-761-5000 or request a free quote online today!
Looking for a different business insurance solution? View all Business Insurance solutions we offer.
Ready for the next step? Call us at (406) 761-5000 or