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Software Procurement Consultants Insurance

Protecting software procurement consultants from less than £55* per year

Not on comparison sites — save money by coming direct to us

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Excellent 4.7 out of 5

Professional Saver Insurance for Software Procurement Consultants


Our standard cover is:

  • £1 million cover for public and products liability (with an option to increase to £2 million, £5 million or £10 million)
  • £10,000 cover for any financial loss (£50K cover optional)
  • Worldwide liability cover for temporary work abroad for up to 14 days (excluding the USA and Canada)

As a software procurement consultant, having the right insurance is crucial to protect you when advising clients on selecting and implementing new IT systems, software, or services.

Our specialist professional indemnity insurance provides cover if your advice leads to financial loss for a client. For example, you could be liable if recommending an inadequate system that fails to meet their operational requirements.

At Professional Saver, we offer software procurement consultants insurance packages to safeguard your livelihood.

Why Do Software Procurement Consultants Need Insurance?

With multi-million pound budgets often involved, clients depend on consultants’ expertise during procurements. However, flawed advice can lead organisations to buy inadequate or overpriced solutions that fail to meet expectations. This leaves consultants vulnerable to substantial loss of income claims without insurance.

Our policies give you complete peace of mind that any injury, damage, or financial loss claims caused by your advice will be managed efficiently.

Get a Quote  Learn about Public Liability

Why choose Professional Saver software procurement consultants insurance ?

Save £££ on your insurance Save on your insurance

Customers are always telling us how much they saved by switching

Trusted for over 40 years Trusted for over 40 years

We’ve been providing insurance to businesses since 1984

Financial Strength Financial Strength

Insurance provided by a Standard & Poor’s ‘AA- Stable’ rated insurer

Defaqto 5 Star rated

Our Professional Saver Insurance (Covea) has been independently rated 5 Stars by Defaqto – the highest possible rating, awarded to excellent products with a comprehensive range of features and benefits.

Learn more about our Optional Covers

* Due to the specialist nature of your profession, we’ll arrange a separate policy for your professional indemnity cover to complement your Professional Saver policy. Please get a quote online for the other covers you need and contact us to discuss your personalised professional indemnity quotation.

How our software procurement consultants insurance works

1 Apply online

Complete our simple quote form with basic details about your business.

2 Get a quote

Get an instant quote & choose any optional covers you may need.

3 You’re insured!

Instantly activate your Professional Saver policy and view your certificates online.

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What Is Software Procurement Consultancy Insurance?

Software procurement consultants insurance protects professionals who provide advisory services to organisations around acquiring new IT infrastructure, platforms, and digital services. This covers:

  • Requirements gathering to shape software/system specifications
  • Creating RFPs and tender documents
  • Evaluating supplier proposals and offerings
  • Recommending optimal solutions to match needs
  • Advising on vendor selection and contract terms
  • Overseeing system implementation projects

However, software consultants face potential risks, like:

  • Overlooked requirements leading to inappropriate systems
  • Inadequate vendor due diligence
  • Poor contract terms negotiation
  • Flawed project governance

These issues could result in failed rollouts, functionality gaps, budget overruns, plus disputes and legal action. Our software procurement consultants insurance would offer comprehensive protection if claims are made against you as a result.

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What Does Our Software Procurement Insurance Cover?

Our software procurement consultant policies can include:

Professional Indemnity Insurance (optional)

Professional indemnity insurance covers claims for financial losses suffered by clients stemming from:

  • Inaccurate requirements gathering or specifications oversight
  • Recommending inadequate or flawed solutions
  • Poor vendor selection advice
  • Deficient project governance and change oversight

Public Liability Insurance (standard)

This insurance covers any injury or property damage caused while visiting client sites to gather requirements or oversee implementations. For example, knocking over an expensive piece of equipment.

Legal Expenses Insurance (standard)

Legal expenses insurance provides specialist legal advice and covers legal costs if you face civil claims or complaints related to your consultancy work. For instance, disputes over procurement advice provided.

Office Contents Insurance (optional)

This insurance covers damage, theft, and breakdown of office equipment used to conduct your consultancy operations.

Software Procurement Consultants Cover for Temporary Staff

We can extend core policies to additionally protect any freelance contractors, self-employed consultants, or temporary staff you use to help with your procurement work duties. This provides coverage for all personnel conducting work under your business identity.

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Why Choose Professional Saver for Your Software Procurement Insurance?

With over 35 years of experience providing policies to SMEs, you can trust Professional Saver to fully protect your software procurement consultancy. We offer these key advantages:

  • Direct Specialists – We are a specialist commercial insurance provider, not a comparison website. Clients work directly with our knowledgeable team, who understands your sector.
  • 24/7 Legal Helpline – Whenever you need expert legal advice on insurance matters, our dedicated helpline offers guidance.
  • Monthly Instalments – You can spread your insurance costs by making monthly instalments rather than annual payments if your annual premium exceeds £125.

To get a quote for protecting your software procurement consultancy, simply use our online quote engine. Join the hundreds of businesses we have already protected across the UK.

Get a Quote

Chosen by over 5000 businesses and counting*

Chosen by over 18761 businesses and counting

Online & Anywhere

We like to keep things simple. Your quote, purchase and documents are all available online, anytime.

Monthly Instalments

Cashflow is important to every business. Spread the cost by paying in easy monthly instalments.

Instant Cover

No need to wait for your documents. Our professional cover starts from the date you select.

Added Protection

Public liability, products liability, financial loss, legal expenses and accidental death cover as standard.

* Total number of live policies as of 31/10/2025

FAQs

Software Procurement Consultants Insurance FAQs

With multi-million pound contracts and dependency on their advice, clients can pursue substantial loss claims against consultants if overlooked requirements, inadequate vendor selection, or other procurement errors lead to inappropriate software, budget overruns, or failed implementations.

Specialist insurance covers resulting professional negligence and financial loss claims.

We provide cover in scenarios like:

  • Recommending a system that lacks key features the client needed, resulting in £500k of customisation work to achieve the desired functionality
  • Selecting a vendor with poor scalability, leading to outages after client growth that causes £250k in lost revenue
  • Overseeing an implementation that goes over budget by £1 million due to governance gaps

Our optional professional indemnity insurance would cover financial loss claims in scenarios like these where clients lose money due to procurement advice errors.

We cover all core procurement activities, including:

  • Requirements gathering and analysis
  • Creating RFP documents
  • Evaluating supplier tender responses
  • Advising clients on optimal software/vendor fit
  • Negotiating supplier contracts
  • Governance oversight of delivery projects

Essentially, we cover most claims stemming from standard software buying consultancy work.

Yes – our consultant insurance policies can be extended to protect any freelance contractors, associates, or self-employed consultants conducting procurement work under your supervision or brand. Both you and your subordinates would be covered against claims.

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