Insurance for IT consultants
Build a customized policy that addresses the unique risks your IT consulting business faces.
Build a customized policy that addresses the unique risks your IT consulting business faces.
Working in information technology in today’s tech driven world has its challenges, but it’s a rewarding place to be. As an IT consultant, you thrive on recommending innovative solutions to your clients to help them drive success. Your skill and agility make you a vital component to any digital team, but what happens if you make a mistake?
Are you covered if you face a lawsuit?
What if you accidentally damage a client’s property while working on a project?
An IT consultant insurance policy package is designed to protect your business against the unique risks you face, including negligence, errors and omissions as well as third-party damages.
As a small business owner, you want to protect yourself and your business. Things can happen unexpectedly, and if you’re not prepared, you run the risk of financial ruin or worse.
One way to protect your bottom line is to mitigate unexpected financial losses with an insurance policy that considers the unique risks you face as an IT consultant.
What if a client injures themselves while visiting your office?
While we’re positive you take extra care to ensure your office space is neat and tidy when a client comes in for a meeting, all it takes is one cord left on the ground for someone to trip and fall.
What if your sensitive data is breached?
As an IT professional, we’re sure you excel when it comes to data analysis—but what would you do if that data was compromised? Cyber attacks are on the rise, and business owners need to be extra cautious to protect themselves from this growing threat.
What if a bad recommendation causes your client a loss in revenue?
People rely on your technical expertise, but no one’s perfect. What if the software you recommend to a client doesn’t integrate properly into their existing system, and they sue you for loss of revenue and the cost of the software itself?
What if your car is involved in an accident and you can’t get around?
As an independent consultant, you likely travel from client to client for meetings. If your car was out of commission for an extended period of time due to an accident, it could have a negative impact on your business. Commercial auto insurance can help with repair or replacement costs and get you back on the road quickly.
Having a comprehensive insurance policy doesn’t have to be complicated. The following coverages may be the most beneficial for your business’ unique needs.
Commercial general liability coverage is an important type of coverage for all small business owners to consider, IT consultants included. It’s designed to help protect business owners when they are found legally liable for bodily injury or property damage to a third party. So if that same customer that tripped over your computer cord decided to sue you and your business for the damages they suffered, your CGL policy would come in handy.
Did you know that 60% of small business owners won’t recover from a cyber breach? IT professionals are especially vulnerable to this risk due to the highly technical and digital nature of their industry. Cyber risk and data breach coverage can help with costs you may incur due to:
Everyone makes mistakes, but sometimes those mistakes can be expensive. Having technical errors and omissions coverage built into your insurance policy can help mitigate the costs associated with lawsuits you may face as a business owner. For example, if you miss a deadline on a project that leads to a financial loss for your client, you could face a costly and time-consuming lawsuit. E&O can help with some of these costs, helping to protect your bottom line.
If you’re involved in a fender bender that results in serious damage to your car, pressing “ctrl z” won’t reverse the effects. If you use your personal car for business, you should consider a commercial auto insurance policy. It can protect you, employed drivers, and passengers, should an accident occur.
Every business is different, and some businesses need more coverage than others. The cost of insuring your IT company depends on a variety of factors, including:
To get started on finding out how much it will cost to protect your business, start building your customized your quote today.
Not sure if your profession will qualify for insurance? There are many titles that fall under the IT umbrella, including the following:
We’re as flexible as you need us to be.
We’re always open for you. With around-the-clock claims support by phone and online, we make settling claims fast, simple, and stress-free.
Pay for your policy all at once or in convenient monthly installments. We also offer 0% interest and we’ll even accept payment by credit card.
If you need to update your coverage at any point during your term, give us a call and we’ll walk you through the process. You can also cancel your policy at any time with no early termination fees.
There’s more to your TruShield policy than meets the eye. Here are a few other ways we’re here to support you, so you can focus on solving your clients’ IT problems.
Every TruShield customer has access to our team of Risk Services specialists who can help guide you through any questions or concerns you may have about the risks your business faces and how to prevent loss.
Suffering a loss to the business you’ve worked so hard to build is not an easy experience. Our Trauma Assist service is designed to help owners and employees cope with the emotional effects of a loss.
Legal Assist provides you access to legal advice and practical solutions for matters affecting your business. It includes a telephone legal helpline, document review and drafting services, and access to customizable legal templates.
* Legal Assist services are not provided for criminal, personal or insurance issues, do not provide representation in legal proceedings or legal fees coverage and are not an insurance policy. Legal Assist services are provided through ARAG Legal Solutions Inc. by lawyers licensed in the province or territory of your residence.
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