EdTech Business Insurance

Application Service Provider
Programmers reviewing educational technology software.
Choose from the nation's best insurance providers
Logos of Insureon's business insurance carrier partners

Why do education technology companies need business insurance?

The edtech industry is growing, which means both more opportunities and risks for startups and businesses in this sector. Business insurance is key for protecting your company against lawsuits due to system downtime, software errors, claims of copyright infringement, and other client complaints.

An education tech consultant reviewing software code with a programmer.
Vertical bar chart underneath dollar sign

Find affordable coverage

Edtech startups and companies can save money by comparing quotes from top insurers.

Fill out Insureon's easy online application to get free quotes and advice from a licensed insurance agent.

What types of insurance do edtech companies need?

These policies cover common risks for education technology companies.

General liability insurance icon

General liability insurance

This policy covers basic risks at an edtech business, such as accidental damage to a client's property. Bundle it with commercial property insurance for savings in a business owner’s policy.

  • Slip-and-fall accidents
  • Damaged customer property
  • Libel and slander lawsuits
Cyber insurance icon

Cyber insurance

This policy helps edtech businesses survive data breaches and cyberattacks by helping to pay for recovery expenses, lawsuits, and other related costs.

  • Data breach lawsuits
  • Client notification expenses
  • Fraud monitoring costs
Errors and omissions insurance icon

Technology errors and omissions insurance

Tech E&O, also called professional liability insurance, covers lawsuits related to the performance of your edtech platform. You can often add intellectual property and media liability coverage.

  • Edtech software errors
  • Failure to deliver e-learning services
  • Missed deadlines
Workers’ compensation insurance icon

Workers’ compensation insurance

Most states require workers' comp for education technology companies that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.

  • Employee medical expenses
  • Disability benefits
  • Legal costs from workplace injuries
Commercial auto insurance icon

Commercial auto insurance

This policy covers the cost of accidents involving a vehicle owned by an edtech business. Most states require this coverage for business-owned vehicles.

  • Car accidents
  • Vandalism and theft
  • Weather damage
Fidelity bond icon

Fidelity bonds

Fidelity bonds compensate your clients if an employee at your education technology business steals from them. Your clients might require you to purchase a bond.

  • Unlawful data access by an employee
  • Unauthorized money transfers
  • Other employee theft or fraud
Looking for different coverage? See more policies.

How much does technology business insurance cost?

IT business owner makes calculations on a tablet.

A small edtech startup will pay less for insurance than a larger business.

Factors that affect premiums include:

  • IT / tech services offered
  • Business property and equipment
  • Business revenue
  • Types of insurance policies purchased
  • Policy limits and deductibles
  • Claims history
View Costs

How do I get education technology insurance?

It's easy to get insurance for your edtech business if you have your company information on hand. Our insurance application will ask for basic facts about your business, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:

  1. Complete a free online application
  2. Compare insurance quotes and choose policies
  3. Pay for your policy and download a certificate

Insureon's licensed agents work with top-rated U.S. insurers to find coverage that fits your education technology business, whether you work independently or hire employees.

Verified business insurance reviews

Hear from customers like you who purchased small business insurance.

Common questions about edtech business insurance

Do edtech independent contractors need insurance?

Independent contractors face many of the same risks as bigger businesses, but with their own personal assets at stake. Business insurance can help cover medical expenses, legal defense costs, and expensive repairs.

Contractors may need general liability insurance to qualify for a lease or loan. A general liability policy can also protect your business from copyright infringement claims.

You might also need a fidelity bond to fulfill the terms of a client contract.

Tech E&O is also crucial, as it protects against claims that your edtech platform caused a client to lose money, or that you failed to deliver promised online learning services. It also protects consultants against accusations that their advice caused financial harm.

Though it's not required, you may want to invest in workers' comp to guard against costly medical bills from a workplace accident. Personal insurance policies usually don't cover work-related incidents, which is a big reason why contractors often buy their own coverage.

What other insurance policies do edtech companies need?

Depending on the specifics of your edtech business, you may want to consider additional policies, such as:

When it comes to protecting your business's intellectual property, there are several insurance policies related to intellectual property rights, especially for when others infringe upon it, or from claims you infringed on someone else's intellectual property. A few of these policies include general liability coverage and cyber insurance.

Find education technology insurance quotes
Save money by comparing insurance quotes from multiple carriers.