In the information technology industry, a professional such as a web developer or site designer can be assigned a very important assignment as a part of a contractual agreement. For example, they could be told to set up a proper database for a bank website. A lot of money can be invested in these kind of projects. The big money projects are when having professional liability insurance for an IT professional can really come in handy. A lot of people store money, of course, in their bank accounts; so a lot of money can be on the line when you are working on a project such as this. The more money that is involved in the project, the more the IT tech professional needs affordable options when it comes to business liability insurance. One error on a bank website can lead to mass chaos and lawsuits. You really need this type of insurance for technology companies as coverage in order to protect yourself during these lawsuits.