Why do telecom companies need business insurance?
Your clients rely on smoothly working systems for effective communication. If there’s a disruption, your business could face a lawsuit. Insurance for cable installers and other telecom professionals helps pay legal expenses and more.
Get the right coverage quickly
6 policies every telecommunications professional should consider
General liability insurance
This policy protects your business from common risks faced by small businesses. It's often required in telecommunications contracts and commercial leases.
- Accidental customer injuries
- Accidental damage to customer property
- Libel, defamation, and copyright lawsuits
Technology errors and omissions insurance
Technology E&O insurance covers your telecom business's legal costs if you're sued over a mistake. You can often add coverage for intellectual property and media liability.
- Disruptions in telecommunication service
- Mistakes in network installation or maintenance
- Accusations of professional negligence
Cyber liability insurance
This policy helps your telecom business recover from data breaches and cyberattacks. It can also pay your legal costs if a client sues over a breach.
- Lawsuits from clients affected by a breach
- Notifying affected clients about a breach
- Fraud detection and monitoring
Business owner's policy
A BOP bundles general liability insurance with commercial property insurance. Small telecom businesses can save money on insurance when they choose this policy.
- Accidental customer injuries
- Accidental damage to customer property
- Damaged business property
Workers' comp insurance
State law usually requires your telecom business to purchase this policy if it has employees. It covers medical bills when an employee is injured on the job.
- Medical bills from work injuries
- Partial wages while employees recover
- Lawsuits over work injuries
Fidelity bonds
A fidelity bond protects your business if one of your employees steals from a customer. It’s also sometimes called an employee dishonesty bond.
- Unlawful data access by your employee
- Illegal money transfer by your employee
- Other employee theft or fraud
Telecommunications business insurance costs
Average costs come directly from policies purchased by TechInsurance customers.
General liability: $30 per month
Errors and omissions: $59 per month
View more expected costs.
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Why telecom companies choose TechInsurance
Protect against common risks
A lawsuit or data breach can devastate your telecommunications company. Prevent financial losses with policies tailored for your needs.
