All answers / Cost
How much is IT contractor insurance in NZ?
Indicative $90–$215 per month for the 4 main covers a NZ it contractor typically carries, taken together. Individual covers start from around $10/month.
Indicative only — not a quote. Risk: client claims for software bugs, missed deadlines, data loss, IP infringement. Investor and enterprise client due-diligence now routinely require PI + Cyber certificates.
Indicative cost by cover
The combined figure above adds the low and high of the 4 rows below that carry a monthly price. Figures are indicative, not quotes.
| Cover | Indicative / month | Typical limit |
|---|---|---|
| Professional Indemnity (Tech / IT) | $35–$80 | $1M–$2M |
| Cyber Insurance | $30–$80 | $500K–$1M |
| Public Liability | $15–$25 | $1M |
| Equipment Cover | $10–$30 | $5K–$20K |
What each cover is for
- Professional Indemnity (Tech / IT): Combined PI + tech-liability is the standard NZ wording for IT consultants.
- Cyber Insurance: Required if you process or have access to client data.
- Public Liability: Office visit + on-site work cover.
- Equipment Cover: Laptop, monitors, dev kit.
Is this a quote?
No. Every figure on this page is an indicative range published to help you budget. SmallBusinessInsurance.co.nz is operated by Evolve Group Limited (FSP711891), a licensed Financial Advice Provider. Business-insurance enquiries are referred to Blanket Advice Limited (FSP1004126), a separately licensed FAP, who provide the regulated advice and place the cover. Your premium is set by the insurer once your business is assessed.
Indicative figures last reviewed 21 September 2026.