Tech Insurance? What Do You Need?


How insurance works is that there are several specific types of insurance policies that are designed to cover different things for different reasons, and you choose what you need for your business. You can choose one, two, or several. Some agencies even offer certain bundled packages. If you are wondering what is out there to choose from, some insurance products include: Commercial General Liability, Professional Liability, Errors and Omissions Insurance, Cyber Liability/Data Breach Insurance, and Worker’s Compensation Insurance. If your business is technology, what insurance do you need? 

Professional Liability Insurance

Regardless of the size of your business and number of employees, if you are making money from an IT service that you are providing you should carry Professional Liability Insurance. This type of insurance protects you in case you are sued for loss of client data, non-performance, negligence, software failure, or system failure. Professional Liability coverage can be customized to address the specific risks of your business. They can include technology errors and omissions coverage, software copyright infringement, or even cyber liability.

Commercial General Liability Insurance

Don’t make the mistake of thinking that Commercial General Liability Insurance will cover you for the same instances as Professional Liability Insurance. Commercial General Liability covers four basic categories including property damage, personal injury such as slander or libel, bodily injury, and advertising injury. Also, regardless of whether or not the claim has merit, this insurance will also cover the expense of defending or settling claims. Coverages under Commercial General Liability Insurance may include:

  • Personal and Advertising Injury: Includes such things as slander, libel, disparagement, and copyright infringement.
  • Medical Expenses: If someone is injured on your premises it will cover their medical costs.
  • Premises and Operations Liability: Provides for bodily injury and property damage of clients due to your business operations, or sustained on your business premises.


With over 20 years of experience in the insurance industry, the Jeff Van Matre Insurance Agency can help you choose the right coverage plan to protect your personal and business assets. To learn more, or to get a free quotecall our Carrollton, TX office today at 972-492-8500.