As a single consultant or a large technology consulting firm, you provide innovative solutions and insights to help your clients shore up inefficiencies and maximize revenue streams. Despite your expertise and experience, mistakes can happen to anyone. Protect your IT consulting business from risks both in and out of your control with a technology consulting insurance package assembled by the commercial insurance experts at ALIGNED.
Who is Technology Consulting Insurance For?
IT consulting covers many specializations and professionals who need the protection of technology consulting insurance. Some of those professions/roles include:
- IT analysts
- Software consultants
- Systems analysts
- Data consultants
- Web designers
- App developers
- Robotics companies
- Technology consultants
- Project managers
The above is not an exhaustive list of allthe fields that are a part of the IT consulting industry we can assist. So…if you or your firm advises clients or provides services related to hardware, software or technology in general, we have technology consultant insurance products that can cover your liability exposures and support the growth of your IT consultancy firm.
Common Business Insurance Coverages for Technology Consultants
More specifically below are some of the coverages that can be customized to meet your technology consultant insurance policy needs:
Commercial General Liability Insurance – provides coverage for medical expenses, property damage costs, lawyer’s fees, settlements and awards for damages for claims alleging personal injury, property damage, false advertising and libel or slander.
Potential claims scenarios include a client being injured on your property or accidentally causing property damage while on-site at a client’s office or residence.
Professional Liability / Errors and Omissions Insurance – for technology consultants, this coverage can protect you from allegations that your advice, errors or negligence led to client losses.
Possible claims scenarios include delays in delivering products or services that result in lost revenues, errors in coding that lead to vulnerabilities that are exploited or simply clients who believe the results based on your recommendations didn’t meet their expectations.
Cyber Liability & Privacy Insurance – our comprehensive cyber liability policies provide crisis management as well as cost indemnification for expenses resulting from breach or extortion.
Property Insurance – we can provide specialty property coverage designed specifically for the building and high-tech contents of an IT consultancy firm. Coverage can also include Business Interruption Insurance for income lost following an insured peril and Extra Expense Insurance to cover the costs of relocating and operating a temporary location.
Other business insurance coverages you may need:
Get ALIGNED with an insurance company that specializes in commercial/business insurance.
Commercial/business insurance is all we do! When you choose ALIGNED you get an expert in risk management for IT consultants and an advocate representing your interests. We work with Canada’s top insurance companies to get you responsive IT consulting coverage at the best possible rates.
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