Professional Liability Insurance (or E&O Insurance), protects your small business from claims of mistakes, negligence or malpractice made when providing your services that caused sobody financial loss. PLI covers your legal defense costs, damages and settlements.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Cyber Liability Insurance protects you from the theft of sensitive data. If you suffer a data breach or software attack, Cyber Liability Insurance will cover the costs of notifying and restoring affected customers, recovering data and repairing security systems.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Why do Computer Systems Design Services need insurance?
Insurance protects your business from many known and unknown risks. It protects your business finances by covering the cost of physical property damage, medical expenses, and liability risks that your business might face. Without insurance, your business will pay for these out of pocket, and any sound business won't be able to survive even for just a single lawsuit.
What risks do Computer Systems Design Services face?
Running a business comes with many risks. Some of those include:
How much does insurance cost for Computer Systems Design Services?
The cost of insurance depends on the services you offer, the number of employees you have, your average yearly profits and many other factors. To get an exact price for the insurance of your business, apply online to get a free quote, or call our customer service representatives.