Technology Business Insurance
There are many reasons why a tech business needs insurance to protect their assets and reputation. Every day, businesses face common risks like a fire, a lawsuit, and many cyber related threats. That is why it is so important to have the right coverage and enough of it to ensure your long-term success and viability.
No matter how large or small your business, protect yourself, your employees, and the clients you serve with an insurance solution you understand and that doesn’t break your budget.
Errors and Omissions
Errors and omissions insurance, also known as professional liability insurance, is a type of insurance that covers businesses against claims of negligence, misconduct, or malpractice. This form of insurance is important for technology businesses that rely on data and technology to drive their operations, as these businesses are often targets of costly lawsuits due to system failures or other technology-related issues.
Cyber insurance is a technology business insurance policy that helps protect businesses from financial losses due to cyber attacks. Without cyber insurance, businesses are vulnerable to large expenses in the event of a data breach or other cyber attack.
Commercial property insurance is a type of insurance that provides protection for technology businesses against losses resulting from damage to their properties. This can include things like fires, natural disasters, vandalism, and other unforeseen events.
General liability protects your business from third-party claims of injury or damage, like slip-and-falls or property damage. It can also help cover the cost of legal defense and any settlement or judgment that results from a lawsuit. General liability insurance is one of the most important types of coverage for technology businesses.
If you employ workers in your technology business, then you are required by law to have workers compensation insurance. This type of insurance provides coverage for your employees if they are injured or become ill because of their job.
Commercial auto insurance is an essential part of running a business. It provides coverage for your vehicles and other assets in the event that they are damaged or lost due to an accident, theft, or other unforeseen circumstances. Having this type of insurance allows you to protect yourself from costly repairs, replacement costs, and liability claims if you are at fault.