public liability insurance

I've recieved a quote for 2 million pounds worth of public liability insurance ( roughly 5 to 600 quid for a years cover ) with respect to a software product I've developed in BMax, has anyone any guidance about how to obtain a competitive quote ? I'm new to this game and would appreciate any guidance from those in the know.

Thanks in advance.....

wow, what have you made that would need this?

educational software....

How is public liability insurance necessary for educational software?

Just have a decent EULA on install that has something along the lines of it not being your fualt if it brakes anything

I've signed a contract that requires the commitment I've mentioned....

@Flameduck, boils down to the remote (Very remote) possibility that your software when installed breaks something and they can prove it.

I'm kind of banking on it also incorporating if you do a display at a trade fair insuring you for public liability also, however I did not broach this subject for my initial quote.

5 to 6 hundred is a bit high i paid about £380 i think (without diggin out the paperwork)
for 2 million in the construction industry with natwest

This is complete madness. Assuming your software is written using standard blitz3D or blitzMax, how can it possibily cause problems, not least any problems that they could lay blame on you for.

Insurance for a trade fair? What you going to do, drop a monitor on someone's head?

On a similar note, I need to look into this for repairing other people's PC's which I do sometimes, apparently they could try to sue me if a graphics card I install breaks they're system.

thanks scribbla, I'll shop around with that info.

Andy_mc: The question remains: are you willing to bet 2,000,000 on that?

Remote as the chance might be, you really, really wish you'd gotten the insurance in the remote chance it does blow up in your face. Aside from that, it sounds like it's a contractual obligation in this case, so not an option to just take the chance that nothing bad happens.

Not only will they never be able to prove it was your software, but a public liability insurance is not going to cover you in case your software renders their system unusable. If hypothetically your software does screw up Windows, they drag you to court, and despite no existing precedence you manage to somehow lose, you're on your own.

Yeah. That's the kind of things that would be covered. If someone trips over your software packaging and breaks a leg, on your premises, then you'd be liable and the insurance would cover it.

Not really. In the remote chance that your software does take out any nuclear reactors an end user might have connected to their PCs, no type of insurance in the world would cover it. How could it? There is no way to reasonably estimate the chances of software failure - if there were, we would have no more defective software.

Sure. But it seems somewhat superfluous in this case.

yes, I've got to be able to provide proof that I am insured, I can see myself the chances are exceedingly remote that in the first instance it would cause a problem with hardware & then the nigh on impossible task of proving it wasn't hardware fatigue and not my software.

Still, thanks again for the advice to shop around. I may have been inclined to simply go with the bank I have my bizness account with.

Regards,

BP.