Business Insurance Products
TechInsurance offers a wide variety of insurance products to protect your business, your employees and your personal assets. We've outlined the most requested policy types to help you quickly assess your needs. We invite you to select from the policy types below and read more about the various coverage options and uses.
Errors and Omissions Insurance, also called E&O coverage, protects your small business against claims that your negligence or work you completed led to a financial loss. In other words, it protects you in case that an error or omission on your part leads to a measurable loss for one of your customers or clients. Today, an increasing number of insurance carriers offer E&O Insurance, and these policies can be customized to protect you against the specific risks you face in your business operations. Learn more...
A Certificate of Liability Insurance is a document that identifies the key features of an insurance policy, including start and expiration dates, terms of coverage, covered parties (including primary insured parties and those with “additional insured” status), and policy limits. These certificates are frequently used as evidence of insurance coverage in lieu of an entire insurance policy because they present crucial coverage information in a more condensed format. Learn more...
Professional liability can include basic technology errors and omissions coverage or can be broadened to cover claims of software copyright infringement or even cyber liability. Professional liability coverage is available from more insurance companies than ever and it is possible to customize a policy to address your specific risks. Essentially, these polices protect you if a client alleges that your company's professional negligence caused them to suffer a financial loss. Learn more...
Business Interruption Insurance protects you from unexpected interruptions in your business caused by natural disasters, supply chain problems, fires, and other events by providing revenue during periods when your business is unable to operate normally. Business Interruption coverage takes the form of income that business owners can use to pay rent, utilities, employee wages, taxes, loans, and other expenses during periods when they're unable to operate. Learn more...
Coverage for your business owned property (desks, phones, computers, etc.) can be included with General Liability coverage. Property insurance protects your business property against physical loss or damage by theft, fire or other means. A Business Owners’ Policy is a type of package policy that includes General Liability and Property coverage for a single annual premium. Learn more...
Often purchased as part of a Technology Professional Liability policy Cyber liability coverage is designed to protect IT businesses against liability and expenses arising from the theft or loss of data, as well as liability and expenses arising from a breach of data security or privacy, particularly when you are hosting client information. While your clients should carry their own cyber liability for the data and personally identifiable, confidential information stored on their servers, IT firms are wise to protect themselves with their own third-party coverage as well. Learn more...
Commercial General Liability (CGL) is probably the most common business liability coverage. General Liability coverage responds to claims of bodily injury (someone comes into your office and slips and falls, or you go to a client’s location and physically injure someone) and claims of property damage (you knock a vase off a desk during a client meeting). These policies typically also respond to claims of personal injury (including slander or libel), and advertising injury. General Liability can usually be purchased alone or in a package with Property coverage, Hired and Non-owned Auto Liability and Umbrella or Excess Liability. Learn more...
Typically added as an endorsement on a General Liability policy, Hired and Non-owned auto liability protects your company if an employee has an accident in a personal vehicle and the employees insurance is inadequate to pay the claim. When there are no vehicles titled in the company name this coverage will meet the contract requirement for Commercial Auto coverage. Learn more...
When the amount of liability coverage provided by your General Liability, Auto Liability, and/or Employers Liability is not enough, Umbrella or Excess Liability coverage can be the solution. Umbrella coverage is typically added as an endorsement on a General Liability policy, but is sometimes a separate policy. Additional coverage is offered in increments of $1,000,000 up to $10,000,000 or more. Learn more...
In many states, if you have any employees, you are required to cover them under a Workers' Compensation policy. Workers' Compensation has two coverage areas: 1) medical and disability coverage for on-the-job injuries or work related illness, and 2) coverage for your liability if an employee is injured on the job and alleges that your negligence contributed to the injury or illness (Employers’ Liability). In many states sole proprietors and company principals such as owners, officers and partners can exclude themselves from workers' compensation coverage. Learn more...
Employer's Liability coverage
Workers’ Compensation policies also provide coverage in the event that you are sued by an employee alleging that your company’s negligence or failure to provide a safe workplace was the cause of the employee's injury or illness.
Often required when you have clients in banking or financial services, third party Employee Dishonesty provides coverage when an employee steals money, equipment or other assets from one of your clients. This may include theft of money by electronic funds transfer. (First party fidelity covers your property but is applied for separately.) Learn more...
Other Insurance Products
Based on your business type, ownership structure and employee size, you may also wish to consider more specialized insurance policies such as the following. Please contact us to learn more about these policies.
Employment Practices Liability Insurance (EPLI)
An increasingly popular coverage, EPLI responds to allegations such as discrimination, wrongful termination and sexual harassment of employees. This coverage is seldom required by client contracts, but can be very important for a rapidly growing company.
Directors and Officers Liability (D&O Insurance)
The personal assets of private companies’ directors and officers are at risk from suits by a variety of entities: customers and clients, shareholders, competitors or suppliers, and government agencies. But the greatest number of suits against directors and officers are employment-related lawsuits brought by employees of the company. Directors and Officers insurance is frequently bundled in a package with Employment Practices Liability Insurance (EPLI).
Commercial Auto
Coverage for liability associated with the use of vehicles titled in the company name. Comprehensive and collision coverage are often included to cover damage to the owned vehicles.
Still want to learn more? We've assembled educational articles on these and other types of insurance in our resources section.
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Auto and Homeowners Insurance
TechInsurance offers access to home and auto insurance from a name you trust: The Hartford, a leading insurance carrier that already provides business insurance to many TechInsurance customers. Known for its nearly 200-year tradition of financial stability and leadership, The Hartford makes insurance simple. You'll get the coverage you need at a great price, with quotes and ongoing service provided by one of the best carriers in the business. Learn more...
