Are You Struggling To Find Coverage For Your Tech Business?
It doesn't matter what part of the tech industry you find yourself in, the last thing you want to think about is insurance. It certainly was high on the list of starting a business. Unfortunately, it is a fact of life that all businesses have to deal with whether they are big or small.
Once you come to terms with this reality, you are confronted with trying to think through what you need to cover and how to do it? This stuff usually isn't covered in your basic business class, and it is understanding that you need more than just some general liability coverage. That is why we created True Texas Technology Insurance.
Once you realize you need help, it is about determining who can help you the best. Your customers have to make that same decision every time they reach out to you. You provide the best products and services to them in a way that makes their business run better. Determining how to select an experienced insurance professional for your business is exactly the same thing.
The approach for the experienced technology insurance agents at Insurance For Texans involves asking you questions to understand your business. We start with those questions so that a true assessment of your business' risk can be determined through facts. Once that is discovered, the next step is to customize an insurance solution that fits your risk profile and budget. Skipping the one size fits all mentality means that we are a partner in helping your technology business thrive and succeed while you take the same great care with your customers.
Whether you are a computer repair shop, data center, software design and engineering firm, or a tech stack consultancy firm, you deserve to have peace of mind. Our promise of certainty comes in understanding what you have at risk and helping you mitigate so that you can focus on your customers. Click that red button to get started with True Texas Technology Insurance today.
Do You Think It Is All The Same?
We hear two chief complaints from technology companies needing insurance all the time. First, they always say it is too expensive. And then they follow that up with the policy doesn't cover anything, so why should we have it?! We have five things that most tech businesses don't understand when thinking about insurance.
- Insuring beyond tangible property
- Realizing Cyber Insurance is also for smart people who won't make mistakes
- Protecting your customers equipment and gear is as important as protecting your own
- Experienced professionals need coverage for their work too
- Workers Compensation Insurance prevents lawsuits
The harsh reality is that most Technology businesses in Texas don't truly understand the risk landscape until it bites them in the backside. Sure, we all know that hail is a risk in this state no matter where you operate. But things like cyber attacks, errors in your work, and damaging your customer's equipment can become a financial albatross if you are not protected. Let's look at these five key items below.
Five Insurance Things Tech Businesses In Texas Need To Know!
Owning and running a business is not for the faint of heart. Even if you had great entrepreneurial classes in college to help you prepare, selecting insurance coverage likely wasn't part of the program. Especially since the technology insurance marketplace is constantly changing and adapting. Let's take a look at the five things you likely do not understand that you need for your business.
Beyond General Liability & Property Coverage
Every Texan knows that they need hail coverage for their property. And most of you realize that you need to have General Liability coverage. If you are renting a space, your landlord is likely requiring it. But do you have other liability risk exposure that you are unaware of? Are you flying by the seat of your pants?
There are several liability coverage options available for your Tech Business. We will look at some specific ones below. But if you have never considered business interruption coverage, employee liability insurance, or business personal property, you are likely exposed to a financial disaster and don't know it. Simply understanding this can prepare you from those disasters later.
Cyber Liability Coverage For All
Many Tech Professional rely on their own knowledge and skill to keep them safe online. And for good reason. If you are buried in the details everyday, it is easier to stay up to date on how those nefarious hackers are preying on small and medium businesses.
In the world of hacks, breaches, and attacks it is important to understand that those bad actors are getting more and more sophisticated every single day. More and more Texas businesses are finding themselves in a pickle because they didn't secure coverage for the what if's that they couldn't even imagine. And that includes your systems. Would you want to tell your customer that you had a breach and exposed their data to the world?
Bailee's Coverage Matters
If you are doing repair work in your computer shop, we need to talk. You likely have never thought of this, but if your customers equipment is damaged while it is in your care you can be on the hook for replacement or repair. Some of that gear can be wildly expensive as you know.
The key is to secure what is known as Bailee's Coverage. This simple to acquire policy will protect your finances if your customer leaves their equipment in your care, custody, or control. That means the Tuesday hail storm that ends up flooding your space can't make you write large checks when their stuff is damaged.
Professional Liability Coverage For Your Mistakes
Let's face it. We all make mistakes in our work. I've made approximately 317 typing errors so far in creating this page on our website. No matter how great our systems are and how smart we think we are, mistakes happen. Just embrace it and accept it.
This has some serious ramifications when you think about the damage that can occur to a customer's business if we simply overlook something. We don't intend to do it, but we need to make it right. This is why Professional Liability Insurance is important to your business. It makes sure that a simple oversight doesn't become a back breaking error that shuts your business down.
Workers Compensation Insurance
A lot of business owners know that Workers Compensation Insurance is considered voluntary in the state of Texas. You can opt out of carrying the coverage. But what most of them don't realize is that if you carry it, you can eliminate the ability of your employees to sue you for basic care.
This juxtaposition means that for a few dollars a month you can protect your business from financial catastrophe. No matter which type of services or products you provide, an everyday accident, injury, or pathogen can't doom your operations. And let's be honest. It's a calling card that shows you are employer who genuinely cares about your employees.
How To Get True Texas Technology Insurance
No business owner thinks that they know everything. Insurance can be one of the most confusing things we take a look at. Working with an experienced professional who can relate to, and understand your business operations can help you make sure that you have the right coverage. While we highlighted five key areas above, there are more variables depending upon what your business looks like. Would you like to have the peace of mind knowing that you have proper protection?
Working with the agents at Insurance For Texans allows you to know that your needs can be covered. We also take a look across the Technology insurance marketplace for the best possible pricing as well. We understand what matters and how to help you be well protected against all that life in Texas can throw at you. Let's have a conversation today about how to find coverage for your Tech Business.
Click that button below to get started with your customized plan today!