Technology Insurance
Technology Insurance Information
Our agency has been writing insurance for technology companies since our agency inception in 1984. As an independent agent we are not limited to one company underwriting guideline, but represent a wide range of insurance companies and brokers that can insure most any technology company.
Whether you are a first-time buyer with only one employee or a large company with multi-state presence, we can identify your insurance needs and place you with an insurance company at an affordable and reasonable price. We write insurance for electronics manufacturers, custom computer programming service, computer consultants, software IT consultants, computer systems integrators, IT staffing, prepackaged software implementation, computer maintenance and repair and other computer related services.
Most computer consultants are required by contract to provide their client with General Liability, Workers Compensation and Business Auto. Other types of insurance including Umbrella Liability, Property Insurance, Fidelity Bond, Employment Practices Liability, Directors and Officers Liability, Computer Equipment Floater, Professional Liability (sometimes known as Errors and Omissions Insurance) are optional.
We welcome your call and also invite you to study an article posted under Insurance Tips Top Ten Insurance Tips for Small Business Owners. You can also click on the various lines of business for additional information. Porter- Brandenburg Agency works with some leading carriers such as America First, Hartford and Zurich. General Liability and Workers Compensation policies have a minimum premium as low as $350 to $500.
Very few, if any, businesses today operate without a computer or some form of technology. When technology fails, the financial impact can be significant and the companies affected often look to their technology product or service providers for compensation. Unfortunately, traditional liability policies are not designed to respond to a financial loss because there has been no Bodily Injury or Property Damage to trigger the claim. Professional Liability claims allege negligence, misrepresentation, design error, inaccurate advice or simply a breach of duty including failure to do something you promised or were expected to do.
For example:
- A software glitch caused their client to lose valuable data.
- Equipment errors caused your client to be unable to receive orders for days.
- The web site you designed for a customer too closely resembled it key competitor’s site and your client was accused of plagiarism.
Errors and Omissions Insurance is designed to respond to claims described above and defend you and pay any sum that you are legally liable to pay as well as financial damages.
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