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IT Business Insurance for Mesa, AZ

Your home base of Mesa is a wonderfully diverse area full of natural beauty and talented people. Around 30,000 of your fellow Arizona residents, like you, have chosen Mesa as the place to develop their IT skills and businesses. Whether you attended ASU Polytechnic’s College of Technology and Innovation or have taken advantage of the resources provided by the LaunchPoint Technology Accelerator, you’ve leveraged Mesa’s infrastructure to establish and grow your small tech company.

After all of the long hours and financial investment, it would be a shame to let an accidental injury, lawsuit, or data breach jeopardize your tech business. You should make sure that you have the appropriate insurance policies to address these potentially devastating costs.

Small Business Insurance for Tech Companies in Mesa, Phoenix, and Scottsdale

Even when things seem like smooth sailing, danger could be right around the corner. A leisurely float down Salt River might be relaxing on some days – on others, it might be rowdy and crowded, threatening the stability of your tube. While most “dangers” in life are simply annoying, the hazards faced by your business are much more serious – and expensive. Whether your tech business is located in Mesa, Scottsdale, or Phoenix, the following types of small business coverage can keep your tech company afloat:

General Liability Insurance

If a visitor (e.g., a client or consultant) has an accident on your premises and suffers an injury, General Liability Insurance covers their medical costs and your legal fees if you are sued for liability. Your lease might require you to carry GL Insurance for this very reason. GL coverage also steps in when you are embroiled in a trademark or copyright infringement dispute – a key consideration for web development businesses or those that handle third-party content.

Business Owner’s Policy

A BOP is a cost-effective way to secure both GL Insurance and Commercial Property Insurance at a lower cost. To qualify, your business must be small, have a low-risk profile, and meet certain other criteria. Commercial Property Insurance protects your office and the equipment within it against damage by fire, storms, vandalism, or theft. A BOP can also include Business Interruption Insurance, which covers lost profits and certain operating costs if an insured event shuts your business down for a time.

Errors and Omissions Insurance

If a client or end-user suffers economic damages because of work you performed or a product you developed, E&O Insurance (also called Professional Liability Insurance) can cover your legal defense costs. Even if you weren’t at fault, a lawsuit can cost you anywhere from $5,000 to $100,000 or more. Disputes can arise if software you installed for a client causes data loss or your security protocols fail to prevent a data breach. Your E and O Insurance includes third-party Cyber Liability coverage for just such occasions.

Workers’ Compensation Insurance

All Arizona employers must carry Workers’ Comp Insurance, even if your employees are part-time or members of your family. Workers’ Compensation Insurance covers your employee’s medical costs if they suffer an occupational injury or ailment. It also covers the employee’s lost wages and your legal costs if you are sued for the injury.

Cyber Liability Insurance

If your IT business hosts or stores third-party data on your own network, you may need more Cyber Liability coverage than is included in an E&O policy. First-party Cyber Liability Insurance (also called Cyber Risk Insurance or Data Breach Insurance) protects you if your network is hacked and sensitive third-party data is stolen. The policy covers the cost of investigating and repairing the security breach, notifying third parties that their information was stolen, and restoring your company’s reputation.

To make sure you can safely run your small tech business in Mesa, call a TechInsurance agent at 1-800-668-7020 to discuss your liabilities and insurance options. Alternatively, you can fill out an online insurance application to receive information and insurance quotes via email.

Snapshot of Small IT Business Owners in Mesa, Phoenix, and Scottsdale

  • 23% of small Mesa, Phoenix, and Scottsdale tech businesses are responsible for their clients’data as part of their services.
  • Mesa-based IT businesses make a median of $95,000 in revenue annually.
  • Most Mesa tech businesses have an average of three employees.