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IT Business Insurance for Omaha, NE

As the owner or operator of a small tech business, you are at the center of Omaha’s burgeoning information technology sector. With its reputation as the telecommunications capital of the country and as one of the first cities in the nation to develop a fiber optic network, Omaha has long been a great market for enterprising tech services entrepreneurs like you.

Perhaps you took classes at the Kiewit Institute at UNO, attended the Joe Ricketts Center at Creighton, or relocated to the “Silicon Prairie” from elsewhere. No matter where your journey started, Omaha metro area provides your tech business with ample opportunities to interface with the insurance, financial, construction, and defense industries.

Just as you tailor technological solutions to your clients’ needs, you also require business insurance that’s tailored to the specific risks of your tech company. A data breach or other unfortunate occurrence can sink your business under thousands in legal fees and other expenses if you’re not properly protected.

Small Business Insurance for Tech Companies in Omaha or Council Bluffs

Unlike CenturyLink or First Data, your small business does not have a huge budget for corporate expenses. Fortunately, just like those iconic 1990s offenses run by Tom Osborne or the restaurant offerings in the Old Market, your small tech company has many effective options when it comes to small business insurance:

General Liability Insurance

General Liability Insurance is the most fundamental small business insurance. It’s so important that your lease agreement or other contracts might require you to carry it. GL Insurance covers your legal costs when a third party sues you for personal injuries or property damage. This includes trademark or copyright infringement suits, a key risk for any web or app developer.

Business Owner’s Policy

A BOP bundles GL Insurance with Commercial Property Insurance at a lower premium. Even if you rent your office space, Commercial Property Insurance is essential because it covers fire, weather, and criminal damage to your servers, workstations, furniture, and other equipment. A BOP can also include >Business Interruption Insurance, which can help you pay the bills when a covered event temporarily puts your operations on hold.

Errors and Omissions Insurance

E&O Insurance (also called Professional Liability Insurance) protects you when a client blames your tech solution for causing a data breach or other loss. You don’t have to be at fault to get sued. E&O covers your legal costs and remedial payments you might have to provide to a disgruntled client. Because E&O Insurance also includes third-party Cyber Liability coverage, you will also be protected if your client’s network is hacked.

Workers’ Compensation Insurance

Both Nebraska and Iowa state laws require any business with at least one employee to provide Workers’ Comp coverage. Even if your business is in Council Bluffs, you must carry Workman’s Comp in Nebraska if you do work there (and vice versa). Workers’ Compensation Insurance covers medical and wage replacement costs if your employee suffers a work injury. If you’re running your business solo, you aren’t required to carry Workers’ Comp. But be aware that when you employ independent contractors who function as employees, you might still be on the hook.

Cyber Liability Insurance

While E&O Insurance covers your cyber liability exposure for breaches on your clients’ networks, it does not cover your own network or servers. An additional Cyber Liability Insurance policy (sometimes called Cyber Risk Insurance or Data Breach Insurance) protects your own computers. Any tech company that stores private customer information (e.g., financial info or personal details) on its own network is at risk. After an attack, first-party Cyber Liability Insurance helps you seal network security holes and notify affected parties.

Call a TechInsurance agent at 1-800-668-7020 to find out how best to protect your small tech business in the Omaha area. If you’d rather receive detailed insurance quotes by email, you can fill out an online insurance application.

Snapshot of Small IT Business Owners in the Omaha / Council Bluffs Area

  • 92% of tech professionals in Omaha and Council Bluffs work out of their home.
  • 22% of Omaha tech businesses are responsible for their clients’ data as part of their services.
  • Omaha-based IT businesses make a median of $50,000 in revenue a year.