The technology industry encompasses a wide range of businesses, including software development, internet services, IT consulting, and more. Each of these businesses has its own unique risks and exposures, and it's essential to have a customized risk management and insurance program in place to protect your business.
Minimizing the financial impact of an event and transferring risk to an insurance company are all essential components of a business risk management strategy.
At Mason-McBride, we understand the risks and exposures specific to technology organizations, and we work closely with our clients to create a tailored insurance program that meets their unique needs.
Insurance Solutions for Technology Organizations
There is a risk of injuries, lawsuits, and property damage with any business. There are several coverage options that you can add to your Business Insurance policy to protect your business. Notable exposures currently getting attention in the marketplace are:
General liability insurance can help protect your business against claims for bodily injury, property damage, advertising injury, errors, or omissions. In addition, without this coverage, you may be responsible for paying out of pocket for legal costs, such as attorney fees and settlement amounts.
Also known as Errors and Omissions (E&O), professional liability insurance can help protect your business from consequential loss resulting from negligence claims associated with your professional service. Professional liability claims involve allegations whereby the customer alleges they lost revenue or incurred expenses because of the negligent rendering of professional services.
Commercial umbrella insurance extends the coverage limits for some of your liability policies. So, if a claim exceeds the limits on your policy, your umbrella insurance can help cover the difference.
Cyber liability insurance helps your business respond to a data breach if personally identifiable information gets lost or stolen. In addition, many policies will include extortion coverage, business income protection, and systems failure, all caused by a breach.
Why Work With Mason-McBride?
At Mason-McBride, we differ from the competition by proactively servicing our policyholders. Our team of talented and passionate individuals has a deep understanding of the industry and the products available, which allows us to provide the best possible service to our clients. We are committed to protecting you from the unexpected and ensuring that your financial well-being is secured.
Have More Questions?
So if you're interested, start a quote online or call our office.