This policy can pay for operating expenses and lost revenue when a fire or other incident covered by your commercial property insurance forces your business to close.
Errors and omissions insurance covers the cost of legal expenses when a client sues over the quality of a tech professional's work. It can help pay attorney’s fees, judgments, settlements, and other costs.
Hired and non-owned auto insurance (HNOA) can help cover the cost of a lawsuit if you or an employee are involved in an accident while driving a personal, rented, or leased vehicle for business purposes.
If any incident covered by your general liability, employer's liability (part of workers’ compensation), or commercial auto insurance exceeds your policy limit, commercial umbrella insurance covers the extra costs.
Workers’ compensation class codes are unique sets of numbers that help insurers determine the level of risk for different professions. Classifying employees correctly can help businesses avoid overpaying for workers’ compensation insurance.
Clients could accuse your tech company of professional negligence if you fail to provide a service or meet their expectations.
Lawsuits, even frivolous lawsuits, can cost your business valuable time and money.