IT Business Insurance in Massachusetts

What Coverages Does Technology Insurance Make Available?

The multiple coverages that technology insurance policies usually come with often include both common coverages that many businesses need and less common coverages that are normally reserved for IT or related businesses.

A few of the more common coverages that a policy might come with are:

• General Liability Coverage, which often covers some accidents resulting in third-party injury or property damage along with defamation lawsuits
• Commercial Property Coverage, which often covers business-owned buildings, equipment, tools and inventory against certain causes of damage
• Commercial Auto Coverage, which often covers business-owned cars, trucks and vans that are used to provide services at customers’ locations
• Employment Practices Liability Coverage, which often covers employment-related discrimination lawsuits filed by employees or others
• Business Income Coverage, which often covers prolonged losses in revenue that are caused by certain incidents

A couple of coverages that are especially important for IT businesses include:

• Cyber Liability Coverage, which often covers online attacks, data breaches and other IT-related risks that businesses face
• Technology Errors and Omissions Coverage, which often covers mistakes made in IT work that a business provides

Both cyber liability coverage and errors and omissions coverage are widely available through many different types of commercial policies. When getting these coverages for an IT business, though, it’s especially important to make sure that the coverages’ terms have been adjusted to meet the particular needs of IT businesses. An insurance agent can help check the particular terms of these two (and other) coverages.

How Expensive Are IT Business Policies?

Premiums for IT business policies are based on many different factors and therefore, often vary. An independent insurance agent can help businesses explore policy options from multiple insurers in order to get an accurate idea of what a policy would cost. 

Nonetheless, these policies tend to be affordable. They’re almost certainly more affordable than what a big claim could cost if no coverage is in place.

How Can Massachusetts Businesses Get IT Business Insurance?

If IT business insurance makes sense for your business or firm, contact the independent insurance agents at Garrity Insurance. Our agency has assisted many Massachusetts businesses with their IT and other insurance needs, and we’re here for your business too