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Ask Us about Tech Insurance!

You've got questions - we've got answers!

Since launching TechInsurance in 1997, we've received thousands of questions about insurance from the owners of technology startups and small tech businesses. As technology our customers use has evolved over the years, so have their questions, but many of the issues are just as relevant today as they were way back then.

Ask Us about IT Insurance

Got questions? We’ve got answers! Check out some of the most frequently asked questions IT business owners have asked our TechInsurance agents. If you don't find the answer you're looking for – or the question – feel free to email us at [email protected]. We will get back to you as soon as possible, and who knows? We may even add your question to the list!

How much does business insurance cost?

There's no one-size-fits-all answer to this question, but we have done a lot of number crunching to offer you ballpark ranges for insurance costs. Get an idea of the business factors that affect your insurance costs, and then click through to find out what other IT businesses typically pay.

How much liability insurance do I need?

Your liability coverage needs depend on the type of work you do. One thing to consider, though: many business owners underestimate how much a lawsuit can cost, even if it's eventually tossed out. Hear firsthand from an attorney how a frivolous lawsuit cost one of his clients more than $50,000 (spoiler: luckily, liability insurance was able to cover it).

What does General Liability Insurance cover?

General Liability Insurance can help cover legal expenses when your IT business is sued over third-party bodily injuries, property damage, advertising injuries, and more.

Why do I need Professional Liability Insurance?

Even if you never make mistakes, unhappy clients may bring frivolous lawsuits against your company. And even if your client doesn't win, the cost of defending yourself can be prohibitive.

Who is covered under my liability policies?

The coverage you enjoy depends on the type of policy you have. Most types of insurance offer coverage for both W2 employees and 1099 contractors, though there are exceptions.

What is "claims-made" liability coverage?

Claims-made liability coverage means that both the triggering incident and the resulting claim must occur while your policy is in force. For example, if an incident happens before your policy's effective date or you don’t file a claim until after your coverage ends, you may not be covered.

Is my coverage nationwide? Does it cover me abroad?

Most liability insurance policies, such as Professional Liability Insurance and General Liability Insurance, provide coverage nationwide. However, with the possible exception of Commercial Property Insurance, your coverage typically won’t extend internationally.

What is Hired & Non-owned Auto Insurance?

This coverage offers liability protection for third-party injuries or property damage caused by you or your employees while driving a rented or personal vehicle for company business.

What is an Umbrella Insurance policy?

Umbrella Insurance expands the policy limits of existing types of insurance.

Do I need Workers' Compensation Insurance?

The answer depends on which state your business is based in, how many employees you have, if you hire contractors, and if your clients require you to carry coverage.

How do I file an insurance claim?

If you need to file a commercial insurance claim, you will usually need to call your insurance carrier first. If you aren’t sure how to contact them don’t worry. Your TechInsurance agent can help.

When should I renew my business insurance?

Most types of business insurance are renewed on a yearly basis.

What do I need to have ready to complete an insurance application?

You’ll need to provide information about your industry, the services you provide, your annual revenue for the past two years, projected annual revenue, and a few other details.

What type of information will I need to provide to receive a quote?

It depends on what type of technology insurance quote you need. For example, for Professional Liability Insurance, we need details about the type of work you do, and for Workers’ Compensation Insurance, we will ask for your employees’ job descriptions and your payroll information.

Do you have representatives who speak other languages besides English?

Yes. We have representatives who speak Spanish.

70% of businesses raise prices or cut hiring when sued