technology business insurance - InsureYourCompany

What Technology Companies Need to Know About Cryptocurrency

Dan Levenson — Thu, 13 Jan 2022 15:00:59 +0000

It’s no secret that cryptocurrency is creating a frenzy in the tech industry. The price of bitcoin price has skyrocketed, sending investors on a mad dash to get their hands on this new digital currency. It has also dropped precipitously at times. While some are uncertain about its long-term prospects, others see it as an […]

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E&O Insurance For IT Consultants: Why It Matters and How Much It Costs

Dan Levenson — Tue, 31 Jan 2017 18:13:07 +0000

Suppose you design a database that has a glitch that keeps everyone at your client’s company from accessing crucial business data for three days. The client sues you, the IT consultant, claiming they lost $500,000 in sales during the time the database could not be accessed. Or to put a timelier spin on things, consider […]

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Why Proof Of Insurance Is Important For IT Staffing Agencies

Dan Levenson — Thu, 01 Sep 2016 16:28:14 +0000

When you work in the world of IT staffing, all sorts of things can happen. You have to be a smart business owner and protect yourself as much as possible. By having proof of insurance, you can obtain more business and protect your assets and financials in the process. This is often as simple as […]

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Cybercrime Is On The Rise—And Insurance Is Keeping Up

Dan Levenson — Tue, 12 Jul 2016 17:56:06 +0000

Mark Patterson, owner of PATCO Construction in Sanford, Maine, is one business owner who learned the value of cyber liability insurance personally. Cybercrimes committed against businesses like Patterson’s are on the rise, and he learned first-hand the value of insurance to protect against the crime. Luckily, insurance is keeping up with this rise. Patterson found out his company’s firewalls […]

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Legal Costs of Data Breach: One Break Can Spell Disaster

Dan Levenson — Tue, 26 Apr 2016 14:00:59 +0000

Hackers and computer viruses are everywhere. Even the best, most skilled, and most conscientious organizations in the world occasionally experience data breaches. Even the federal government’s Office of Personnel Management has experienced problems. In 2015, hackers broke into this well-secured agency’s databases to steal confidential information about federal employees. The legal costs of a data breach can be […]

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How Liability Insurance Can Protect IT Consultants From Risk

Dan Levenson — Thu, 21 Apr 2016 18:29:48 +0000

Imagine you spill a coffee on a client’s laptop. Suppose you tweet something, and the client takes it the wrong way and decides to sue you for slander. Could you afford the legal damages if you caused a fire? These are only some of the many risks IT consultants face every day. Do you know […]

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General Liability Insurance For Independent IT Contractors

Dan Levenson — Tue, 05 Apr 2016 21:38:16 +0000

Suppose, working as an independent IT contractor, you design a customer database for a client. Imagine that an unexpected glitch keeps anyone in your client’s company from using the database for two weeks. Do you think you could afford the damages you could have to pay if the client sues you, claiming to have lost […]

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Why Your Company Needs Technology Business Insurance

Dan Levenson — Thu, 11 Feb 2016 19:28:08 +0000

Have you ever wondered why your business needs technology business insurance? You might need it to protect against claims of negligence or financial loss from a client, for workers’ compensation, against claims of copyright infringement, against data breaches or other security issues, or even damage to commercial property. A businessperson just has to look at the […]

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