Top IT Insurance Needs for the Tech Industry
- Pérdida de datos
- Errors and Omissions Insurance
- Business Income for Electronic Vandalism
- Fraudulent Transfer
- Contractual Liability
- Seguro general contra terceros
What Is Technology (IT) Insurance?
Technology insurance is also known as tech E&O coverage, technology errors and omissions insurance and E&O insurance. It can help pay for any errors or omissions in the services that technology businesses provide.
For instance, say a graphic designer at your small business gives your client designs they claim are not what you agreed upon. When your client responds by filing a claim against your business, your tech E&O policy can help cover the costs.
What Kind of Insurance Does a Tech Company Need?
- Pérdida de datos
- Technology Errors and Omissions Insurance
- Business Income for Electronic Vandalism
- Fraudulent Transfer
- Contractual Liability
- Seguro general contra terceros
To learn more about coverages for technology companies, get a quote today. We can also help you get certificates of insurance to show your customers that you have the right coverage.
24/7 Access
We’re here to help you get the job done, which can mean starting it as soon as possible. Get your proof of insurance instantly online.
How Much Is Technology Insurance?
On average, our customers paid $1,019 annually for a Business Owner’s Policy (BOP), or about $85 a month.1 Remember, technology insurance costs vary because every business is unique. The best way to find out how much technology insurance will cost is to obtener una cotización.
Having Business Insurance If You Work at Home
Even if you spend most of your day working from the comfort of your home, having tech insurance is essential to run your business. The right coverage can protect you from customer claims and potential problems that could shut you down. Whether you’re an independent contractor
or run a small business, you should make sure you’re protected. We’ve created a policy especially for small business owners like you, offering these three key coverages in one BOP:
- General liability insurance, which can protect your technology business from lawsuits for bodily injury or property damage.
- Commercial property insurance, which covers the place where you do business and the tools you use, like computer equipment and office furniture.
- Business income insurance, which helps replace lost income if you can’t run your business because of covered property damage, like a fire.
To learn more about the coverages you need for your specific business, obtener una cotización today. We have experience working with tech companies and can help you meet your contractual requirements.
Why Is It Important To Have Technology Insurance?
Whether you’re a small business owner or an IT contractor, tech errors and omissions insurance can help keep you protected when the unexpected happens. Without it, you run the risk of losing everything you’ve worked so hard to build.
Watch this video about why you need Business Insurance.
Who Needs Technology Insurance?
- Software Developers
- Telecoms
- IT Service Providers
- Computer Consultants
- Web Designers
- Programmers
Termination Lawsuits
“I found out one of my employees had been pocketing money when customers paid in cash. Of course I let him go, but he ended up suing me claiming a lie that I discriminated against him.”
Employment practices liability insurance can help protect your business if a current or previous employee sues you for wrongful termination, discrimination, retaliation or harassment.
Lesiones
“As my technician was walking into a client’s house, their dog got loose and bit him on the leg. He needed several stiches and two weeks off to recover.”
Workers’ compensation insurance is required by most states to help small business owners provide important benefits to employees for work-related injuries or illnesses.
Software Malfunction
“I used to do all my major software updates overnight. One day, I left the office while a new upgrade downloaded, only to come back in the morning and realize the whole system was having outages.”
Technology professional liability insurance helps protect you from errors, mistakes, negligence and omissions that can happen as a result of the technology services you provide.
Stolen Personal Information
“I opened an email from my credit card company. Turns out it was a hacker pretending to be my credit card company. I realized exactly what it was once I clicked, but it was too late. It took me almost a week to clean the virus out completely and get my system back to normal.”
Our interruption of computer operations coverage will help cover the loss of your small business’ income if you’re unable to operate because of a computer virus.
Robo
“I love working from local coffee shops. But one day when my order was ready, I left my laptop for a minute to go grab my drink and someone ran off with it.”
Commercial property insurance coverage helps protect your equipment from things like theft and fire. We’re here to help you protect the equipment you use to run your business and get back to doing what you do best.
International Incident
“My team traveled to London to set up a computer system for a new art studio. While they were there, one of my technicians knocked over a display case, damaging the floor, the case and all of the art inside it. The studio sued my company in the London court system for all of the property damage.”
Liability Worldwide helps protect your company when you are conducting business operations outside of the United States.
Technology Insurance That Has Your Back
Get the protection you need to help keep your small business running successfully.
More Answers to Frequently Asked Business Insurance Questions
Last Updated: November 17, 2023
1 Premium amounts presented are based on monthly premium paid by The Hartford's Small Business customers between 1/1/22 and 9/14/23 for 12-month policies. Premium is derived from a number of factors specific to your business and may vary.
2 Verizon, “Is Your Front Door Open and Unlocked for Cyber Criminals?”
3 National Library of Medicine “A Longitudinal Study of Work-Related Injuries: Comparisons of Health and Work-Related Consequences Between Injured and Uninjured Aging United States Adults”
Divulgaciones adicionales a continuación.