Information Technology Business Insurance
What kind of work do you do?
Magnified circuit board.
Choose from the nation's best insurance providers
Logos of Insureon's business insurance carrier partners

Commercial auto insurance for technology companies and consultants

Commercial auto insurance covers legal bills, medical expenses, and property damage if your IT business vehicle is involved in an accident.

Commercial auto insurance protects your IT business

An auto accident could cost your small IT business thousands of dollars, especially if another person is injured. Compare that to the average premium of about $200 per month for technology companies, and it’s easy to see why commercial vehicle insurance is the better deal.

How does commercial auto insurance protect you?

Commercial auto insurance helps cover the cost of lawsuits, property damage, medical bills, and other expenses arising from an accident. It also provides coverage if your vehicle is stolen or damaged by weather or vandalism.

Your policy can be tailored to match your needs. For example, a network security truck driven once a week may need less coverage than a computer repair van that's driven daily between multiple job sites.

Commercial auto insurance needs checklist infographic

Who needs commercial auto insurance?

Business-owned vehicles such as service vans and company cars must be covered by commercial auto insurance.

You may need commercial auto insurance if you:

  • Drive a vehicle exclusively for work
  • Transport computers or other IT equipment
  • Send employees on errands during work hours

State regulations determine how much car insurance coverage you need. Your commercial auto insurance must meet your state’s liability insurance requirements.

What coverage can commercial auto insurance provide for IT businesses?

Beyond your state's requirements, you can choose the extent of coverage, from collision and comprehensive coverage to personal injury protection (PIP), for company vehicles at your IT training business, software development company, PC building business, or other tech firm.

Your policy may cover several injury liability and property damage liability claims, including:

Legal expenses

If your web design business, cloud computing company, or other IT business is sued over an accident, legal defense fees can add up quickly. Commercial auto insurance covers attorney’s fees and related expenses.

Medical expenses

If an accident injures the driver of your company vehicle or a passenger, your policy can cover the cost of medical care.

Get insurance quotes for your technology business


Collision coverage pays for damage to your technology company's vehicle, regardless of fault.

Uninsured or underinsured motorists

This coverage pays for damage caused by drivers who don’t have insurance or who are underinsured.

Non-collision damages

Comprehensive insurance covers non-collision physical damages, including vandalism, theft, and fire.

Personal vehicles may need additional coverage

Business auto insurance only covers company-owned vehicles, but sometimes employees drive their own cars for work purposes. Personal auto insurance policies almost always exclude coverage for business use.

Hired and non-owned auto insurance (HNOA) provides liability coverage for data analysts and other tech professionals who get into an accident while driving a personal vehicle for business purposes. It also covers leased and rented vehicles.

How much does commercial auto insurance coverage cost for technology businesses?

IT business owner makes calculations on a tablet.

IT businesses pay an average of $198 per month for commercial auto coverage, but your car insurance rate could be more or less depending on your risks and liability limits.

Insurance costs for technology professionals are based on a few factors, including:

  • Number and type of vehicles
  • Claims history
  • Employee driving records
  • Type of services offered
  • Policy deductible, coverage limits, and exclusions

Other important policies for a technology business

While a commercial auto insurance policy is a must-have for companies that own a vehicle, technology business owners should also consider:

General liability insurance: This policy can cover expenses related to client bodily injuries and property damage, along with advertising injuries like slander. Technology businesses can often bundle it with property insurance for savings in a business owner’s policy (BOP).

Errors and omissions insurance (E&O): This policy is critical for IT consultants, managed service providers (MSPs), and other technology experts. Also called professional liability insurance, it covers lawsuits related to work performance, such as a mistake that causes a client’s server to crash.

Cyber liability insurance: Any business that stores sensitive data, such as a cybersecurity business or a software-as-a-service (SaaS) company, should strongly consider cyber insurance. It helps pay for the aftereffects of a cyberattack or data breach.

Fidelity bonds: Data centers and other IT companies are often privy to sensitive client data. This means an employee could jeopardize your business by engaging in unlawful access, theft, or fraud. Fidelity bonds safeguard your business against employees who engage in certain criminal acts.

Workers’ compensation insurance: Workers' comp covers medical payments and disability benefits from work-related injuries and illnesses. Most states require technology businesses with employees to purchase this coverage.

Get free car insurance quotes with Insureon

Are you ready to safeguard your IT company vehicle with commercial auto insurance? Complete Insureon’s easy online application today to get quotes from top-rated U.S. insurance companies.

You can also consult with an insurance agent on insurance for your specific type of business. Once you find the right coverage option, you can get insured in less than 24 hours.

What our customers are saying

Updated: January 5, 2024

Find commercial auto insurance quotes

Save money by comparing insurance quotes from multiple carriers.
How to start an IT services businessCover common IT business risks with general liability insuranceProtect against cyberattacks with cyber liability insuranceDefend against work mistakes with technology E&O insuranceHow do I find cheap commercial vehicle insurance?Best Commercial Auto Insurance