If you own a technology or IT business, your clients rely on you to provide important services and in some cases safeguard sensitive customer information. Whenever you are in the business of offering expert services to clients, you are exposed to claims of negligence and the risks associated with protecting customer data.
As an IT service firm, you should consider several types of insurance. First, if you have employees, and to comply with state laws, you need workers’ comp insurance. You need protection for your space (whether leased or owned) and your property such as computer equipment. General liability covers your legal costs should an injured customer sue your practice and in the case of a cyber attack, data breach or cyber liability insurance can help cover customer notification, public relations, legal costs and more. To save time and money, you can combine nearly all of the coverages you need into a single business owner’s policy (BOP).
Need more information? Speak with one of our insurance experts to find the right coverage for your business.