Insurance for Telecommunications Companies

E&O, also called professional liability insurance, pays for legal expenses related to work quality, such as a lawsuit over disrupted services. You can often add intellectual property and media liability coverage.

This policy is important for telecom companies that store sensitive customer data. It helps cover costs related to data breaches and cyberattacks.

Fidelity bonds are also called employee dishonesty bonds. They compensate a telecom company's clients if an employee steals from them, and are often required by contracts.

This policy covers basic telecom business risks, such as a client tripping over a wire. Bundle with commercial property insurance for savings in a business owner’s policy (BOP).

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

Commercial auto insurance covers property damage and legal expenses in an accident involving a telecom vehicle. It can also cover vehicle damage and theft.