Technology is constantly evolving, and so is the coverage designed to protect your growing needs.
Typical insurance coverages for Technology include but are not limited to:
Evaluating the business income loss exposure requires an understanding of how business income losses are measured, how a business interruption affects expenses and the property and perils that business income losses can involve.
Almost every organization has auto exposures, even those that do not own any automobiles. The most commonly used form for insuring commercial autos, the Business Auto Coverage Form, covers auto liability, physical damage and no-fault exposures.
Commercial General Liability (CGL)
Commercial General Liability (CGL) insurance covers many of the common liability loss exposures faced by an organization, including its premises, operations, and products.
Whether it is the computers, office furniture, fixtures, equipment, records and office supplies of your small business; the complex machinery of an automated manufacturer; or the office and apartment buildings owned by a large real estate developer, all commercial enterprises use at least some tangible property that is exposed to loss.
Commercial Umbrella coverage provides liability coverage that supplements the limits of an insured's General Liability, Automobile Liability and Employers Liability policies.
Directors & Officers Liability
Directors & Officers Liability coverage insures corporate directors and officers against claims, usually brought by stockholders, alleging loss due to mismanagement.
Employment-Related Practices Liability
Employment-Related Practices coverage is available for the legal costs to defend claims against sexual harassment, wrongful termination and discrimination, and the actual legal liability for such acts.
Flooding is a relatively common and costly natural disaster here in Hawaii, particularly in areas near streams, rivers and beaches. Flood water can destroy walls, floors, equipment, supplies, files and much more.
In today’s insurance marketplace, Professional Liability can be more broadly defined as insurance that covers persons engaged in various occupations against liability resulting from their rendering or failing to render professional services.
Temporary Disability Income (TDI)
The Hawaii Temporary Disability Income (TDI) law was enacted in 1969 and requires employers to provide partial wage replacement insurance coverage to their eligible employees for non-work-related sickness or injury (including pregnancy).
Workers Compensation & Employers Liability
Workers Compensation statutes obligate Hawaii employers, regardless of fault, to pay specific medical, disability, rehabilitation, and death benefits for their employees’ job-related injuries and diseases.
Why Technology Insurance Is Important
Technology is an exciting and innovative field to be a part of — however, it also comes with big risks that can be financially daunting if you aren’t prepared. Software and systems requirements are constantly changing, which creates risk for you around every corner. As you provide the world with technology solutions that are improving every year, we can help to ensure that you are protected from the ever-increasing liabilities and risks these advancements create.
How Much Does Technology Insurance Cost?
The cost of technology insurance varies but is mostly dependent on factors that include the value of your equipment, how many customers/clients you serve, the industries you are involved in, and much more. Overall, the cost of technology insurance pales in comparison to the money you will save when that inevitable accident occurs.
Tailored Coverage Recommendations For Your Business
Our team has extensive knowledge and experience working with tech businesses and understands the unique nature of this constantly evolving industry.
Our specialists are dedicated to protecting businesses like yours, which means working side-by-side with you to get to know exactly how you operate and what your unique needs are. We can then determine the kind of insurance policies that best suit you so you can operate with peace of mind.
Ready to take your business further?