small business insurance quotes
TechInsurance is the leading online provider of commercial business insurance
for IT contractors & Technology firms.
IT contractor insurance overlaps the kind of coverage that other businesses
require, while responding to the specific circumstances faced by businesses in the
information technology sector. While insurance policies were once a complex and
expensive area of contractor finance, a number of packages are available to protect
contractors in the event of on-the-job accidents or negligence claims. Because many
clients insist on evidence of their vendors'
professional liability insurance, specialized corporate insurance plans
for the IT industry are available.
IT contractor insurance provides a few forms of protection. First, it provides coverage
of legal defense cost, or any court costs against you. Next is coverage that extends
to both W2 employees and 1099 subcontractors. This insurance coverage protects your
company from claims resulting from work done by 1099 subcontractors. Another
IT insurance coverage option is copyright infringements and intellectual
property infringement. There is also a personal injury option. All insurance coverage
is worldwide coverage, if the suit is brought in the United States.
Premiums are charged on the basis of revenue that the contracting company earns
each year, varying according to the level of coverage required and whether the contractor
works through an agency. Many IT contractors find that premiums are lower than
they had expected.
IT contractor insurance
has opened the door to many new business opportunities. The worry that IT professionals
once faced has now been eliminated with an
Figure out which insurance you need based on the language in your contracts.
Learn your risks, how insurance protects you, and what a typical policy costs.
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