Whether you're a transplant or a Georgia native, we don't have to tell you what makes the Peach State great. But you may get an extra kick of pride when you find out that Atlanta made our Best Places to Live report in the "Best Places for Foodies" category. So whether you're hungry for more customers or just plain hungry, you're in the right place to thrive.
Cost-Saving Tips for IT Businesses in Georgia
- Tip #1: Are you thinking about getting a vehicle for company purposes, or have one currently but aren't sure what to do to make sure it's properly insured? Contact a TechInsurance agent about Commercial Auto Insurance. Commercial Auto Insurance will make sure you're financially protected from accidents involving uninsured motorists, accidents caused by your or an employee, or damage to vehicles in storage.
And if your employees use their own vehicles to visit clients, you can protect yourself from being held liable for potential accidents by carrying Hired and Non-Owned Auto Liability, which also covers rental trucks, vans, and automobiles.
- Tip #2: Make sure you're protected from theft, weather damage, and loss with Property Insurance through a Business Owner's Policy. If your IT business falls victim to some calamity and as a result is forced to shut down or relocate, you may be able to take advantage of Business Interruption Insurance.
Business Interruption Insurance provides funds for lost profit and costs associated with moving your business from one place to another. This means you can be assured that if the worst occurs, your IT business won't miss a beat.
- Tip #3: If you feel your existing policies aren't enough to protect you from the high cost of lawsuits, consider carrying Umbrella Insurance (also known as Excess Liability Insurance). This policy offers supplemental funds for General Liability packages that have reached their limit on account of a costly lawsuit. Umbrella Insurance can be purchased in increments of $1 million, and often comes with affordable yearly premiums.
Georgia IT Business Insurance
Because Georgia is one of the top states in the country for business and careers, your IT firm should have no problem coming across big clients in need of network administration, application development, or IT consulting. From Atlanta to Savannah, some of the most recognizable names on the Fortune 500 list call Georgia home, and more and more businesses are finding the economic climate suitable for expansion.
But as your IT business grows, adds employees, and garners more clientele, what can you do to ensure your livelihood stays secure? Even the most comprehensive risk management strategy can't combat the curveballs life may throw your way.
Insurance Policies for IT Businesses in Atlanta, Savannah, Marietta, and Other Cities in Georgia
Here at TechInsurance, we're experts when it comes to the risks your IT business may face on any given day. Whether it's employment practices violations, Workman's Comp claims, or the chance you take operating without Property Insurance, we can point you in the right direction so you can rest easy knowing your business is protected. Feel free to contact one of our certified reps to find out more about the intricacies of the policies detailed on this page.
Business Owner's Policy for IT Businesses in Georgia
For IT businesses that qualify, a Business Owner's Policy (or BOP) is an affordable option that may help you save a few bucks in the long run. A BOP combines General Liability and Property Insurance into a single cost-effective policy. This means you're financially protected from third-party lawsuits and property damage in one fell swoop.
General Liability Insurance is crucial to carry because it protects you from lawsuits filed against your business by non-employees. This commonly includes clients, delivery workers, and employee friends and spouses. Since your employees visit clients' sites, often working with expensive equipment, it's within the realm of possibility that they could do something to inadvertently injure a client's employee or damage their property. If you're taken to court for damages related to such an incident, General Liability Insurance will foot the bill.
A BOP also provides funds to replace valuable business assets such as inventory and supplies, office space, and furnishings. Common covered events include...
- Lightning and wind damage.
Lastly, a Business Owner's Policy can also include Business Interruption Insurance, which provides funds for expenses you continue to take on despite having to close your doors due to covered property damage. This is most useful for lost sales, but can also include wages paid to skilled employees you want to hold on to despite your recent closure.
To find out whether your IT business qualifies for a Business Owner's Policy, contact a TechInsurance agent today.
Errors and Omissions Insurance for IT Businesses in Georgia
If your Atlanta-based IT business finds itself in a position to take on several lucrative contracts, you and your employees may be overwhelmed by the work. And if it leads to you or an employee making an oversight or error that results in a client losing money, you may find yourself battling a lawsuit in court. That's where Errors and Omissions Insurance comes in.
Errors and Omissions Insurance offers funds to combat litigation filed by clients claiming you were negligent when providing services. This policy is also known as "Professional Liability Insurance." The fact is sometimes people make mistakes, and those mistakes can be costly. If you end up on the wrong side of an E&O lawsuit, you may have to pay out of pocket for...
- Court fees.
- Legal fees.
- Docket fees.
- Settlements or judgments.
These types of lawsuits affect IT businesses all the time. If you're unlucky enough to be hit with one, you could end up filing for bankruptcy as a result. Contact a TechInsurance agent today to learn more about this crucial policy.
Employment Practices Liability Insurance for IT Businesses in Georgia
The more employees you hire, the more likely you are to be hit with a violation of employment practices. You may tell yourself that your good character and moral fiber means you're unlikely to take on a suit alleging wrongful termination, discrimination, or harassment, but keep in mind that Employment Practices Liability Insurance also protects your IT business from fraudulent claims.
EPLI claims, which can be financially disastrous to combat in court, include the following...
- Sexual harassment.
- Breach of contract.
- Discrimination based on age, sex, race, or creed.
- Wrongful use of employee benefits.
You can never be too careful. Contact a TechInsurance agent today to see how you can stay financially protected from employment practices violations.
Workers' Compensation Insurance for IT Businesses in Georgia
In Georgia, businesses with three or more employees are required to carry Workers' Compensation Insurance. However, even if it's just you and a trusted associate, you should consider carrying this essential business insurance policy.
Just because IT businesses aren't prone to the dangers inherent in manufacturing or warehouse jobs doesn't mean you and your workers are safe from all potential hazards. Working in an office space brings with it the risk of the following types injuries...
- Carpal tunnel syndrome.
- Repetitive motion.
- Slips, trips, and falls.
- Sudden accidents.
If an employee falls victim to one of the injuries listed above, without Workers' Compensation Insurance you'll have to pay for any medical bills and missed wages out of pocket. And these costs can seriously hurt your profit margins.
Don't delay – give us a call at your earliest convenience to find out more about what you need to do to carry Workers' Compensation Insurance for your IT business.
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