FAQ_category: (HIDDEN) Industry FAQs

Sometimes—here’s when it’s needed: 

• Clients or employers often require it as part of contract terms, venue access, or onboarding protocols. 

• Landlords may require it if you invite clients to your office or studio. 

• Legal mandates vary by state, but liability insurance is a best practice even if not legally required. 

Carrying general liability helps you meet client expectations and protect against everyday risks—such as office accidents or client injuries. 

Yes! These are often essential: 

• Professional Liability (E&O or Tech E&O) protects you if software error, missed specifications, or system downtime causes client financial loss. 

• Cyber Liability Insurance is crucial when you handle sensitive data or connect to client systems; it covers data breaches, legal defense, incident notification costs, ransom demands, and recovery. 

Both types are increasingly required by clients before contracts are signed—especially in regulated industries like finance or healthcare.

On average, Gilders pay between $500-$1200 a year for protection.   

Cost can vary depending on your: 

• Location 

• Size 

• Value of Equipment and Tools 

Gild will work with you to find the right tailored coverage that fits your budget and your needs. 

Software developers often require a combination of policies to protect both services and assets: 

• General Liability Insurance: Covers third-party bodily injury or property damage incidents, such as a client tripping over office equipment. 

• Professional Liability (E&O): Protects against claims of mistakes or faulty code that result in client losses. 

• Cyber Liability Insurance: Covers data breaches, ransomware incidents, privacy violations, and related recovery costs. 

• Business Owner’s Policy (BOP): Bundles general liability and commercial property insurance—and typically includes business interruption coverage—for greater value. 

• Workers’ Compensation Insurance: Required if you have employees; covers injuries like repetitive strain or falls. 

These coverages form the foundation of protection for developers who handle data, deliver code, and operate from offices or client environments. 

Yes! Proper policies protect you from liabilities involving others at your events: 

• General Liability covers injuries to guests—like slips, burns, or event-related damage. 

• Product and Vendor Liability protects if a vendor’s service or product causes harm. 

• Professional Liability helps if an attendee claims your planning triggered a financial or health-related issue. 

• Workers’ Compensation covers your team members or assistants injured while working. 

With Gild, you can rest easy knowing your policy covers both your team and every attendee that walks through the door.