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Business Insurance from Philadelphia Insurance

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AM Best rating:
Customer rating: 97% claims satisfaction
Location: Bala Cynwyd, PA
Specialty: Property and casualty, management and professional liability insurance

Why choose Philadelphia Insurance Companies?

TechInsurance is proud to offer small business insurance quotes from PHLY, one of our trusted partners.

Philadelphia Insurance Companies specializes in value-added risk management services to help reduce or prevent losses before they occur. This includes:

  • Consultations with an attorney after a data breach
  • Risk management consultations with a legal expert
  • HR training courses for managers and superiors

Because PHYL supplies quotes quickly, TechInsurance's free online application can retrieve these quotes for policies.

What types of insurance policies does PHLY provide?

Below are key insurance products offered by Philadelphia Insurance Companies. You can also explore all business insurance policies provided through TechInsurance.

Errors and omissions insurance icon

Errors and omissions insurance

Businesses that offer a professional service or give advice to clients need errors and omissions insurance (E&O). This coverage can help protect against dissatisfied clients who file a lawsuit over a mistake, missed deadline, or another complaint related to the quality of your work.

You may sometimes see this policy referred to as professional liability insurance or malpractice insurance, depending on the profession.

Cyber liability insurance icon

Cyber insurance

Cyber insurance is strongly recommended for any business that interacts with sensitive customer information, like email addresses or credit card numbers. It covers the immediate costs of a data breach or cyberattack, such as:

  • Ransoms for retrieving data
  • Hiring an expert to investigate the breach and assist with regulatory compliance
  • Notifying customers about the breach
  • Crisis management and public relations

It also covers the legal costs of lawsuits related to a data breach or cyberattack, including legal defense if a client blames your business for failing to prevent the incident.

Commercial crime insurance icon

Commercial crime insurance

Commercial crime insurance protects your small business against criminal acts committed by employees that impact your customers or clients.

This coverage reimburses your business and its clients for losses related to:

  • Monetary or property theft, including embezzlements
  • Forgery or fraud, such as computer fraud
  • Illegal funds transfer
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Business owner's policy

A business owner's policy bundles general liability coverage and commercial property insurance into one policy. It is a cost effective choice, often cheaper than buying these insurance policies separately.

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Employment practices liability insurance

Employment practices liability insurance, or EPLI, protects your small business against allegations over violating employees' rights, including wrongful termination, discrimination, or breach of employment contract.

Directors and officers insurance icon

Directors and officers insurance

Directors and officers insurance (D&O) offers financial protection when your business’s board members, directors, or officers are sued over decisions they made on behalf of your company.

This includes:

  • Mismanaged funds
  • Intellectual property infringement or libel
  • Employment practices, including claims over discrimination or wrongful termination

Who does Philadelphia Insurance serve?

Philadelphia Insurance Companies provides insurance products for select industries in every state except Louisiana.

Top industries covered by Philadelphia Insurance include:

  • Consulting
  • Finance & accounting
  • Media & advertising
  • Nonprofits

How much does small business insurance cost?

IT professional working on a tablet.

The cost of small business insurance depends on the types of policies you purchase. Here are the average premium costs for some of the most popular policies:

Several factors influence the cost of your business insurance, including your policy limits, deductible, location and number of employees.

How do I get business insurance with TechInsurance?

TechInsurance is a trusted insurance expert for small businesses, including contractors and consultants, with extensive knowledge of the IT sector. We help business owners compare quotes from top-rated providers, buy policies, and manage coverage online.

By completing TechInsurance's easy online application today, you can compare free quotes for small business insurance policies from top-rated U.S. carriers, such as Philadelphia Insurance. Our insurance agents are available to help answer any questions you may have.

Once you find the right policies for your small business, you can begin coverage in less than 24 hours and get a certificate of insurance for your small business.

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