Your business involving computer, IT and technology can rebound from cyberattacks, lawsuits, and other risks you face every day, especially if you have adequate insurance to cover such instances. InsureWise can tailor a policy to provide crucial financial protection for your technology business. Typically, the below insurance coverage is ideal for businesses involving computer, IT and technology.
General Liability Insurance
Customer property damage and injuries are included in the general coverage of basic IT business risks with this insurance. You can also bundle this with property insurance for additional savings and coverage such as slip and fall accidents, libel or slander lawsuits, or damaged customer property.
Cyber Liability Insurance
By paying for client notification costs, legal fees, and other related expenses, as well as fraud monitoring costs, this technology insurance helps IT businesses survive data breaches and cyberattacks.
Errors & Omissions Insurance
Such as when a programmer who misses a deadline, this insurance covers legal costs related to work performance. This is also known as professional liability insurance or tech E&O and will protect you from work errors and oversights, negligent accusations, or failure to provide technology services.
Fidelity Bonds
If one of your employees steals from them, fidelity bonds provide reimbursement for your client. Otherwise known as employee dishonesty bonds, this covers you from employee theft or fraud, employee unlawful data access, or employee illegal fund transfer.
Workers Compensation Insurance
Workers compensation insurance is required in almost every state for businesses that have employees. It covers medical costs and lost wages for work-related injuries and illnesses. From IT consultants to software developers, employees in every IT profession can suffer work-related accidents and your tech business could be exposed to financial losses and litigation if you are held responsible.
Insurance for Technology Companies & Business Consultants
Workers’ Compensation Insurance and Commercial Auto Insurance are additional insurance coverages included in computer, IT and technology companies’ insurance policies. Call InsureWise today to discuss your insurance policy for your computer, IT and technology company and we will help you get the best coverage for you and our budget.
