With the right insurance coverage, your business can rebound from a lawsuit, cyberattacks, and other risks you face every day. These policies provide crucial financial protection for technology businesses.
This policy covers legal costs related to work performance, such as a programmer who misses a deadline. It's also called tech E&O or technology professional liability insurance.
This technology insurance helps IT businesses survive data breaches and cyberattacks by paying for client notification costs, legal fees, and other related expenses.
Fidelity bonds provide reimbursement for your client if one of your employees steals from them, including theft by electronic funds transfer. They're also called employee dishonesty bonds.
Most states require IT businesses with employees to buy workers’ compensation. It also protects sole proprietors from work injury costs that health insurance might deny.
Commercial auto insurance can help cover third-party property damage and injuries in an accident, along with vehicle theft, weather damage, and vandalism.
Several factors will have an impact on tech insurance costs, including: