What is it?

Professional Liability Insurance will protect your business from accusations of errors, omissions, or negligence committed within the scope of your professional activities.

This policy will cover your damages—legal expenses, administrative costs, and court settlements—even if the claims made against you are groundless.

Why do we recommend it?

More than any other industry, Technology Firms face constant pressure to remain innovative and improve efficiency to meet changing client demands. But even if you’ve worked to the best of your knowledge and ability—even if you’ve done nothing wrong—clients can sue as long as they believe there’s been an error, oversight, or a missed expectation. The bottom line? Any business or professional that provides technology services, advice, or products to clients for a fee is at risk of legal action and should have Professional Liability Insurance.

What is it?

Commercial General Liability Insurance (CGL) will protect your business from third-party claims of bodily injury, property damage, and reputational harm caused by your professional activities or company operations.

Why do we recommend it?

CGL Insurance will protect you from common risks that all businesses face regardless of size, trade, or industry. Whether your firm is large or small, online or on the ground, you could be liable if any kind of damage or injury to a client, vendor, supplier, or other third-party is traced back to you or your staff. You’re particularly vulnerable if you:

• Own, rent, or lease a commercial space that’s open to the public;
• Visit your client’s workspace or home, or conduct business anywhere else offsite; 
• Offer a technology product or service where the information provided can directly impact the well-being of an individual; and
• Advertise or create marketing materials for your products, or services.

What is it?

Cyber Insurance protects your business and offsets your losses in the event of a breach, like if your company’s information is stolen or exposed by a hacker, or accidentally released by an employee. This policy typically includes the following coverages:

• Legal coaching on how to handle the breach with privacy regulators;
• Funds for credit monitoring and client notification costs;
• Funds for court-awarded damages and legal fees in case of a civil suit; and
• Public relations services to manage any reputational fallout from the breach.

Highlights include:

• Coverage for First Party Liability Expenses–when a breach happens at your own business. The policy will provide coverage for expenses associated with: Event Support Services, Crisis Management Expenses, Network Business Interruption, Digital Asset Restoration, Network Extortion/Ransomware, Cyber Crime, Computer Replacement, and Business Interruption.
• Coverage for Third Party Expenses in the event that you’re sued by a third party whose data was compromised in the breach. This includes costs associated with Privacy Regulation Penalties, Multimedia Liability, Payment Card Industry Fines and Penalties, and more.

Why do we recommend it?

As a Tech firm, it’s not just the loss of client data you have to worry about in the event of a breach; it’s also your intellectual property. If hackers manage to compromise your proprietary systems or software, the resulting fallout—system outages, legal woes, regulatory fines, bad press, and more—could easily cripple your business. Additionally, if you license any systems or applications from a third-party and they’re compromised in a breach, you’re still liable for any damage caused to clients. That’s where Cyber Insurance comes in. With a comprehensive policy, you can protect your company from financial loss and get ahead of a breach without losing business momentum or taking a massive reputational hit.

What is it?

Directors & Officers Insurance protects your business leaders and board members if they’re personally sued for any actual or alleged wrongful acts in managing the company.

Highlights include:

• Side A Coverage: Protects Directors and Officers in the event of a claim where the company cannot or will not cover their personal liability.  Specifically, Side A will extend coverage to the Director/Officer for any financial exposure related to wrongful acts allegedly committed before or during the policy period, protecting their personal assets in the process. In the event a Director/Officer is found liable, Side A Coverage would pay any legal costs or settlements up to the policy limit and included within the policy terms.
• Side B Coverage: Protects the organization in the event of a claim where it DOES decide to defend the Directors and Officers. If a Director and/or Officer is found liable, and the organization covers their legal fees/settlements, the organization can claim reimbursement under Side B of their Directors & Officers Policy.
• Side C Coverage: Protects the entity itself for any claims related to traded securities. For example, if shareholders filed a lawsuit related to securities traded on the stock market, Side C would extend coverage for any legal costs incurred by the company in the process of defending itself.

Why do we recommend it?

With rising calls for corporate accountability, Business Leaders in the Technology sector are particularly exposed to D&O risk. Why? Many technology companies seek investment capital from third-parties to fund their growth. But if the returns don’t materialize, your investors bring a lawsuit against you to recoup their losses. And unfortunately, the consequences for Directors and Officers facing allegations of mismanagement are severe. Both your corporate and personal assets can be at stake—and your company won’t always be able to reimburse your losses. With a comprehensive D&O policy, you can protect yourself and any other business owners, shareholders, investors, and employees from exposure.

What is it?

Employment Practices Liability Insurance (EPL) protects your business from claims made against you by employees, such as wrongful termination, discrimination, harassment, and more.

Why do we recommend it?

Most technology firms operate in environments that are fast-paced and informal, which can be great for innovation; however, they also expose you to employment practices risk. With an EPL policy, you’ll automatically be protected against any employee allegations that may arise throughout the course of work.

What is it?

Commercial Property Insurance protects your commercial property from damage or loss and will cover the costs of repairs or replacement for contents, equipment, and furnishings.

Why do we recommend it?

Whether you own, lease, or rent commercial space or work from home, your general liability or homeowner’s policies won’t reimburse you for any damage to your office contents. And without Property Insurance, the impact of repair and replacement costs following a break-in, fire, or other disaster could be financially devastating, especially if you lose any files, hardware, or equipment that are critical to your operations.

What is it?

Group Benefits Insurance offers fully customizable Health, Dental, and Drug plans for you and your employees at competitive rates.

Why do we recommend it?

The success of any organization relies on the well-being of its people. When employees are healthy—when they feel supported by workforce leaders—businesses are resilient in the face of an uncertain future. That’s why it’s key to protect your employees’ physical, mental, and financial health with a strong benefits package. Our Protect & Perfect risk management approach to group benefits can align your agency with a comprehensive program that reflects your staff’s needs, business challenges, and financial goals.