IT & Technology Insurance

Protect your small business with commercial insurance.

Why Orr and Associates?

Top Rated Insurance Carriers

Our Policies

General Liability Insurance

General liability insurance protects businesses from claims of property damage, bodily injury, and personal injury during operations or from their products/services. It covers legal fees, medical expenses, and defense costs.

Business Owner’s Policy

Business Owner’s Policy (BOP) is a bundled insurance policy for small to medium businesses that combines multiple coverages at a lower cost, including property damage, bodily injury, and business interruption protection.

E&O Insurance

E&O insurance, or Errors and Omissions insurance, provides protection for businesses against claims of professional negligence. It covers legal fees and settlement costs related to errors or omissions in providing professional services.

Commercial Auto Insurance

Commercial auto insurance covers vehicles used for business purposes, providing protection against accidents, theft, and damages. It includes liability coverage for bodily injury, property damage, and covers associated expenses.

Workers’ Compensation

Workers’ compensation provides financial protection to employees for work-related injuries or illnesses. It covers medical expenses, lost wages, and disability benefits, ensuring that workers receive proper care and compensation.

Surety Bonds

Surety bonds provide financial protection by guaranteeing the fulfillment of obligations. They involve three parties: the principal, obligee, and surety.

Why is insurance important for a IT & Technology business?

As an IT and technology business, having insurance is important to protect your company, clients, and manage potential risks. Here are some important types of insurance you should consider:

1. Professional Liability Insurance (Errors and Omissions Insurance): Professional liability insurance, also known as errors and omissions (E&O) insurance, is crucial for IT and technology businesses. It provides coverage for claims arising from alleged negligence, errors, or omissions in the services you provide. This insurance protects you in case a client alleges financial loss or damages resulting from your professional advice, software development, system implementation, or other IT services.

2. General Liability Insurance: General liability insurance provides coverage for bodily injury or property damage that may occur during the course of your business operations. This can include accidents at client sites, damage to client property, or injuries to third parties. General liability insurance helps cover legal defense costs, settlements, or judgments if your business is found liable for such incidents.

3. Cyber Liability Insurance: Cyber liability insurance is particularly important for IT and technology businesses due to the increased risks associated with handling sensitive client data, managing networks, or providing IT infrastructure services. It provides coverage for data breaches, cyberattacks, or unauthorized access to client information. Cyber liability insurance helps cover the costs of managing a data breach, including legal expenses, notifying affected individuals, credit monitoring services, and potential liability claims.

4. Technology Errors and Omissions Insurance: Technology errors and omissions (Tech E&O) insurance specifically addresses the risks faced by IT and technology companies. It provides coverage for claims arising from software errors, system failures, or failures to perform as intended. Tech E&O insurance protects your business in case a client suffers financial loss or damages due to technology-related issues.

5. Business Property Insurance: Business property insurance protects your physical assets, such as your office space, equipment, computers, and other valuable items, against perils like fire, theft, or natural disasters. It covers the costs of repairing or replacing damaged property, ensuring your business can recover quickly in case of unforeseen events.

6. Business Interruption Insurance: Business interruption insurance provides coverage for financial losses and expenses if your IT and technology business operations are temporarily interrupted due to unforeseen events, such as fire, natural disasters, or accidents. It compensates for lost income, ongoing expenses, and facilitates a smoother recovery process.

7. Workers’ Compensation Insurance: If you have employees, workers’ compensation insurance is typically required by law in most jurisdictions. It provides benefits to employees who suffer work-related injuries or illnesses. Workers’ compensation insurance covers medical expenses, disability benefits, and lost wages for employees, reducing your liability in case of workplace accidents or occupational illnesses.

It’s important to consult with an insurance professional who specializes in IT and technology business insurance to assess your specific needs and determine the appropriate coverage for your company. They can help tailor insurance policies to match your business activities, potential risks, and the unique challenges faced by IT and technology businesses, ensuring comprehensive protection for your IT and technology company.

Ways to Start Coverage

Compare quotes online

Use our easy online application to enter your information and get personalized business insurance quotes from multiple top A-rated carriers.

Talk to an Agent

We’re ready to answer all of your questions about our services and your insurance needs. Give us a call and speak to a licensed agent today. 800-858-1315

What our happy customers are saying

Get the best insurance in town