Your clients expect their custom-built gaming rigs and high-end PCs to work flawlessly, which is why insurance is essential. A system crash could cause costly losses, or a data breach could expose sensitive data. Business insurance covers lawsuits and losses caused by technical problems, along with injuries, theft, fires, and other risks small businesses face.
These insurance policies cover the most common risks faced by PC builders.
Tech E&O covers lawsuits related to the quality of your work, such as a new PC that short circuits because of excess thermal paste. It's also called professional liability insurance.
This policy covers costs related to a data breach on your own computer system. It’s recommended for businesses that handle credit cards, email addresses, and other personal information.
This policy covers customer accidents and product defects, such as a fire caused by a faulty power supply unit. You may need it to sign a commercial lease, loan, or contract.
A fidelity bond provides compensation for your clients if one of your employees steals from them or commits fraud. It's also called an employee dishonesty bond.
Most states require workers' comp for PC building businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
This policy covers costs if a vehicle belonging to your PC company is involved in an accident. Most states require this coverage for vehicles owned by a business.
It's easy to get the right PC building insurance 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:
Insureon's licensed agents work with top-rated U.S. insurance companies to find coverage that fits your custom PC building business, whether you work independently or hire employees.
Knowing your way around circuit boards, central processing units, and other computer parts isn’t the only thing you need to launch a PC building company. You will also need to:
Better preparation improves the odds of success, no matter your specialty. Read more about how to start an IT services business.
PC builders who work independently face many of the same risks as a bigger business, including E&O lawsuits. For that reason, they often need the same types of insurance coverage.
For example, you may need general liability insurance to sign a commercial lease, loan, or contract, and tech E&O to protect against lawsuits from dissatisfied customers.
Keep in mind that your personal insurance policies likely won't cover commercial activities. Homeowner's insurance may offer only limited coverage for business property, which is a reason to invest in commercial property insurance or a business owner's policy (BOP), which bundles general liability and property insurance at a discount.
If you use your own vehicle for work, you should consider hired and non-owned auto insurance (HNOA). This policy provides liability coverage when you drive a personal, leased, or rented vehicle for work purposes.
Finally, though workers' compensation isn't required for sole proprietors, it's a good idea to carry this coverage. Your personal health insurance likely won't cover injuries and illnesses that are related to your job.
Depending on the specifics of your business, you may need additional coverage for your PC building business. For example, you may want to consider:
If you need help figuring out which policies you need, don't hesitate to contact an agent who can help you choose and buy coverage today.