The coverages and limits that follow are for
illustration only and are not recommendations. We'll be pleased to provide a
free quote for your specific coverage needs.
Large Consulting Firm
$3,000,000 - $10,000,000 Annual Revenue
6 - 10 Staff
10 - 50 Programmers
The premium range below is based on a growing
consulting company with revenue from $3,000,000 to $10,000,000. Actual
premiums for larger companies are influenced by too many variables to provide
a specific example here. Techinsurance can provide large firms
exceptionally good rates from A-rated carriers. Please contact us for more
information.
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Commercial General Liability
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General Liability coverage is the most basic type of commercial insurance and is limited to liability claims of bodily injury or property damage.
Coverage is provided for accidents on your premises or at your customer's location.
General Liability and Property Quote:
Coverage Amount -
| $1,000,000 |
General Liability per Occurrence |
| $2,000,000 |
General Liability Annual Aggregate |
| $1,000,000 |
Personal & Advertising Injury per Occurrence |
| $2,000,000 |
Products Completed Operations Aggregate |
| $300,000 |
Damage to Rented Premises |
| $10,000 |
Medical |
Property Coverage:
This coverage protects your business assets in the event of theft, fire, etc. and is included in the quote.
| $100,000 |
Business Property |
| $150,000 |
Business Computer & Media * |
| $5,000 |
Laptop Computer - World-Wide * |
*You have requested $100,000 in computer coverage. A package endorsement has been added to provide this coverage for the optimal price/value. To see a summary of all property coverage, including computers and media, see this document.
| $1,000 |
Property Claim Deductible |
$3,646.00 Typical Annual Premium
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Umbrella Liability
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Coverage for claims in excess of your General Liability coverage. This coverage is available only in combination with General Liability.
Umbrella Liability Quote:
Coverage Amount -
| $1,000,000 |
Per Occurrence and Aggregate |
| $10,000 |
Retention (Deductible) |
$950.00 Typical Annual Premium
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Workers' Compensation & Employers' Liability
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Provides the medical and disability coverage amounts required by state regulation.
Workers' Compensation Quote:
Employers Liability -
| $1,000,000 |
Bodily Injury by Accident, Each Accident |
| $1,000,000 |
Bodily Injury Disease, Each Employee |
| $1,000,000 |
Bodily Injury Disease, Policy Limit |
Payroll -
| State |
Class |
Payroll |
| KS |
5191-08 |
$360,000 |
| KS |
8742-17 |
$154,000 |
| KS |
8803-06 |
$3,811,300 |
| KS |
8810-02 |
$850,000 |
* owner/officer payroll may have been adjusted to state guidelines.
$10,993.00 Typical Annual Premium
The above Workers Compensation premium is auditable. Following the expiration of the policy term, the insurance company may contact you requesting a report of the actual payroll during the policy period. If your actual payroll amounts are different from the estimate provided on your application, it may result in an additional premium charge or a premium credit. Also it is important to notify the carrier or our agency when employees are hired during the year that reside or will be working for an extended period of time outside of your companys domiciled State.
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Professional Liability (Errors & Omissions)
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Professional liability coverage protects you against loss from a claim of alleged negligent acts, errors or omissions in the performance of your professional services.
Professional Liability (Errors and Omissions) Quote:
Coverage Amount -
| $1,000,000 |
Per Occurrence |
| $1,000,000 |
Annual Aggregate |
| $5,000 |
Deductible |
$14,127.00 Typical Annual Premium
Please note: The Errors and Omissions policy has a minimum earned premium of 30%.
The Errors and Omissions coverage and premium quoted above includes unauthorized access and malicious code coverage.
The Errors and Omissions coverage and premium quoted above does NOT include intellectual property liability coverage. This is sometimes referred to broadly as intellectual property liability and cyber liability coverage and is most often required by software developers, Web Developers, and ASPs, etc. If you would like more information about protection against these risks, please let us know.
Claims Made Notice:
All Errors and Omissions policies quoted are issued on a "Claims Made" basis. This means that coverage is only provided for work that is done while the policy is in force and for claims that are filed while the policy is in force.
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Fidelity Bond (Third Party Employee Dishonesty)
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Fidelity Bond (Third Party Employee Dishonesty) Provides coverage when an employee steals money, equipment or other assets from one of your clients.
Fidelity Bond Quote:
Total Employees Covered: 26 to 50
Coverage Amount -
| $1,000,000 |
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| $50,000 |
Deductible |
$3,569.00 Typical Annual Premium
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