Different types of small business insurance address different accidents, lawsuits, and damages that could impact your business. These policies cover the most common risks for software developers and other tech professionals.
Also called professional liability insurance, E&O insurance covers lawsuits related to your work performance. Combine it with cyber liability insurance in a technology errors and omissions policy.
This policy helps IT and software development businesses survive data breaches and cyberattacks. It pays for notification costs when credit card numbers or other customer data are exposed.
If an employee at your tech business steals from a client, this bond would provide compensation for the client. You may also see it called an employee dishonesty bond.
A BOP bundles commercial property insurance and general liability insurance under one plan. It's often the most cost-effective type of commercial insurance for tech business owners.
This policy covers third-party business risks including bodily injuries, property damage, and accidental copyright infringement. It's required for most commercial leases.
Most states require workers' comp for tech companies that have employees. It also helps sole proprietors and independent contractors pay work-related medical costs that health insurance could deny.
Technology companies and contractors that own a business vehicle are required to purchase commercial auto insurance. You may need additional coverage for personal, rented, or leased vehicles used for work.
This policy can help pay for expenses after an accident involving a vehicle owned by your tech company. You can extend it to include coverage for vehicle damage.
HNOA covers a tech business’s liability in accidents that occur while driving leased vehicles, rentals, and employee-owned cars for company errands.
Businesses with expensive equipment, a board of directors, or extra liability concerns may need additional coverage.
This policy boosts your current liability coverage when its limit is reached. It supplements general liability, commercial auto, and employer's liability insurance.
This type of insurance covers the value of a tech company's building and its contents, such as inventory, equipment, and furniture.
This policy covers lost revenue and other expenses when an event such as a fire temporarily disrupts your business operations. You can usually add it to commercial property insurance.
EPLI insurance coverage helps pay for legal expenses when an employee sues over discrimination, harassment, wrongful termination, or similar employment issues.
D&O insurance covers lawsuits related to decisions made by directors, officers, and board members on behalf of your tech company, including lawsuits from dissatisfied investors.
A small tech company should considering buying both property and liability insurance policies, which protect against different types of financial losses.
Business liability insurance helps cover costs when someone sues your tech company. It can help pay for legal defense costs, settlements, and court-ordered judgments. Commercial general liability insurance is the most common liability policy in the technology industry. It provides financial protection against slip-and-fall accidents and other risks from interacting with clients and customers.
Commercial property insurance can help pay for repair or replacement of your business property, including your building if you own it.
Learn more about the different types of business insurance you might need.
Business insurance provides financial protection against common accidents in the tech industry that could cost a lot of money to resolve. But you don't just need it for your own protection.
Landlords, lenders, clients, and the law might require you to carry business insurance. For example, general liability insurance is often required for a commercial lease, while state laws mandate workers' compensation insurance for businesses once they hire a certain number of employees.
Learn more about why you need business insurance.
It's easy to get a certificate of insurance for your tech company with TechInsurance. These certificates are granted once you purchase an insurance policy, and you can use them to provide proof of coverage.
Simply fill out our easy online application, which asks for basic facts about your company. You'll receive free quotes from top-rated insurance carriers in minutes. Compare quotes and choose a policy, then pay the premium online. Once you've bought a policy, you can download a certificate by logging in to TechInsurance.
You can typically get your certificate of insurance the same day you apply for free quotes. A licensed insurance agent will help you every step of the way.
TechInsurance specializes in technology businesses, but we insure small businesses in other industries as well.
We also offer coverage for a wide range of business structures. That includes:
Learn how to choose the right legal structure for your business.