The cost of control systems integrator insurance is determined by the policies you choose, client type, and number of employees. Cost estimates are sourced from policies purchased by Insureon customers.
Control systems integrators pay a median premium of about $40 per month, or $500 annually, for general liability insurance. This policy protects control systems integrators against third-party injuries, third-party property damage and theft, and advertising injuries.
Insureon agents recommend purchasing a business owner’s policy for more complete coverage. A BOP combines general liability insurance with property insurance to protect your business property in addition to guarding against common business risks.
Median cost per year: $500
Policy limit: $1 million per occurrence
Policy deductible: None
The median cost of professional liability insurance for control systems integrators is about $165 per month, or $1,960 annually. This policy, also known as errors and omissions insurance, protects control systems integrators against lawsuits brought by clients claiming that work was inaccurate, late, or never delivered.
Median cost per year: $1,960
Policy limit: $1 million
Policy deductible: $5,000
The median cost of workers’ compensation insurance for control systems integrators is less than $68 per month, or about $815 annually. Policies can vary significantly depending on the state and number of employees. Include accurate payroll figures in your quote application to avoid the need to adjust premium rates if your payroll amount changes.
Workers’ compensation insurance is required in almost every state for control systems integrator businesses that have employees. This coverage helps pay medical fees and lost wages for employees who are injured on the job. Most policies include employer’s liability insurance, which protects owners against lawsuits related to workplace injuries.
Insureon’s insurance agents work with top-rated U.S. providers to find coverage that matches your control systems integration business. If a client sues over a system you designed, you’ll have the insurance protection you need. Apply today to compare quotes from multiple insurers with one free online application. If you purchase a policy, you’ll work with an account manager who understands your profession's unique risks.