Business Insurance for Network Security Companies

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Save money by comparing insurance quotes for network security businesses

A data breach on a client’s network puts your company at risk for tremendous financial loss. Guard against the unexpected with cyber liability insurance and other policies for network security businesses.

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Insureon helps network security companies compare insurance quotes from top U.S. carriers online. Get several quotes with one application.

What types of insurance do network security companies need?

These policies provide coverage for common network security business risks.

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Errors and omissions insurance

This policy, sometimes called professional liability insurance, is popular with network security companies. It can cover legal fees of lawsuits related to work performance.

  • Failure to deliver promised network security
  • Missed network security deadlines
  • Work errors and oversights
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Cyber liability insurance

This policy helps network security companies survive data breaches and cyberattacks by helping to pay for recovery expenses, client lawsuits, and other costs related to a breach.

  • Data breach lawsuits
  • Client notification expenses
  • Fraud monitoring costs
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Fidelity bonds

This policy, also called an employee dishonesty bond, compensates network security companies and clients if an employee steals property, money, or data from the business.

  • Employee theft or fraud
  • Unlawful data access by an employee
  • Illegal funds transfer by an employee
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General liability insurance

This policy covers basic risks, such as a client tripping on a step at your network security company. Bundle with property insurance for savings in a business owner’s policy.

  • Slip-and-fall accidents
  • Damaged customer property
  • Libel or slander lawsuits
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Workers’ compensation insurance

Workers' compensation insurance is required in almost every state for network security businesses with employees. It can cover medical fees for work-related injuries.

  • Employee medical expenses
  • Missed wages
  • Legal costs
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Commercial auto insurance

This policy covers property damage and medical bills if a company vehicle belonging to a network security company is involved in an accident or damaged by theft or vandalism.

  • Car accidents
  • Vandalism and theft
  • Weather damage
Looking for different coverage? See more policies.

How much does technology business insurance cost?

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Several factors will have an impact on insurance costs, including:

  • Network security services offered
  • Business equipment and property
  • Revenue
  • Location
  • Number of employees
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Why do network security companies need business insurance?

Your clients rely on your expertise to protect them from cyberattacks, but what about the security of your own company? Network security business insurance guards against unexpected losses and expenses related to data breaches, client lawsuits, and other risks that could devastate your business.

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