Small business insurance
Some business insurance policies are required by law. Others can help your small business stay afloat when property damage, a business interruption, or a lawsuit threatens to pull you under.
Some types of insurance benefit every tech business. Other types cover liabilities specific to businesses with employees, offices, or other risk factors.
It’s not as difficult as you might think to find affordable small business insurance. From comparison shopping to bundling policies, learn how you can save money and still protect your IT business.
Insurance requirements for small businesses vary from state to state. Find out what business insurance is required by law in your state, and make sure that you, your tech business, and your employees are protected.
If you’re a consultant, your clients, landlords, or state regulations may require you to carry general liability insurance, professional liability insurance, and workers' compensation. These key policies cover unexpected costs that could threaten what you’ve worked so hard to build.
Once you’ve registered as a limited liability company (LLC), your personal assets are protected against the risks of running a business. The next step is to make sure you have the right insurance coverage for your tech company.
An IT subcontractor can be sued and held liable for damages, just like other contractors and small businesses. Having insurance protection in place is critical.
The questions you’ll need to answer to get an insurance quote will vary based on the policy. If you have this information on hand before you apply, you can save time and avoid headaches.