Why do IT training professionals need business insurance?
Get the right coverage quickly
6 policies every IT training professional should consider
General liability insurance
General liability insurance protects your training program from basic risks that most small businesses face. It might be required in a client contract or commercial lease.
- Accidental client injuries during your program
- Damage to client property during your program
- Libel, defamation, and copyright lawsuits
Technology errors and omissions insurance
Technology E&O, also called professional liability insurance, covers lawsuits over mistakes and disagreements over training methods. You can often add coverage for intellectual property and media liability.
- Failure to impart necessary skills
- Failure to deliver promised certification
- Missed training sessions
Cyber liability insurance
This insurance helps IT training companies recover from a data breach or cyberattack. It covers immediate recovery costs along with credit and fraud monitoring services.
- Notifying affected participants about a breach
- Fraud detection and monitoring
- Crisis management
Business owner’s policy
A BOP provides general liability and commercial property insurance at a discounted rate. Many small IT training programs save money by purchasing a BOP.
- Accidental client injuries during your program
- Damage to client property during your program
- Lost, damaged, or destroyed business property
Workers’ comp insurance
If your IT training business has employees, state law usually requires this insurance policy. It covers medical bills and lost wages due to work-related injuries or illnesses.
- Medical costs for employee work injuries
- Partial wages while employees recover
- Lawsuits over work injuries and illnesses
Fidelity bonds
A fidelity bond protects your training program if one of your employees steals from a client. It’s also called an employee dishonesty bond.
- Unlawful data access by your employee
- Illegal electronic money transfer by your employee
- Other employee theft or fraud
Technology business insurance costs
Average costs come directly from policies purchased by TechInsurance customers.
General liability: $30 per month
Errors and omissions: $67 per month
View more expected costs.
Start a free application to see how much insurance will cost for your business.
Hear from business owners like you who purchased insurance coverage.
Why IT training professionals choose TechInsurance
Protect against common risks
A lawsuit or data breach can devastate your IT training business. Prevent financial losses with policies tailored for your needs.
