Software and IT businesses face more risks than ever before. Cyber security issues, lawsuits over online content, internet connectivity problems and hardware breakdowns can have a significant impact on businesses that depend on computers, software, data cloud services and connectivity to succeed. Technology companies can count on The Hartford to help them reduce risks and prevail through crises and unexpected events.
The Hartford’s Property Choice® for Software and Information Technology Companies helps protect the property your business owns and leases, including things like servers, computer equipment, electronic data, inventory, and furniture as well as your income due to a covered incident. Technology companies can tailor coverage to fit the unique needs of their particular business.
This can include coverage if:
A virus or malicious code disrupts normal operation.
Property in transit or at exhibition is damaged.
The business loses income because essential utility or communication services are interrupted.
General Liability Choice® provides broad liability coverage for bodily injury, property damage, contractual liability, damages to property you rent or occupy, personal injury, advertising injury and even an option that covers your websites and blogs. This can include coverage for oral, written or electronic publication of material that slanders or libels a person or organization, disparages a person’s or organization’s goods, products or services or violates a person’s right of privacy. In addition it can include coverage for copying or infringing of copyrighted advertisements. Offerings include:
Our Electronic Data Liability for Technology Companies provides coverage for liability from damage to or loss of data resulting from physical injury to tangible property.
Data Breach expense coverage is an available coverage enhancement including access to Identity Theft 911.
The Hartford is a leading provider of Workers’ Compensation Insurance. XactPAY® offers pay-as-you-go worker’s compensation premium payments based on actual monthly payroll figures to help better manage cash flow fluctuations and minimize audit adjustments. Best of all, this is offered at no extra cost.
Helps cover the vehicles that a technology business owns, leases, rents or borrows – on the road and off. At no additional cost, commercial auto insurance helps cover electronic equipment in vehicles, lease and loan gaps, and provides a wide range of specialized services designed to help businesses improve their drivers’ safety.
The Hartford’s FailSafe® suite offers flexible professional & cyber liability and expense coverage to help protect against the risks most technology companies face. Depending on the level of coverage selected, this can include coverage for:
Helps protect privately held computer, software, web or IT firms and their directors, officers and certain others against loss that arises out of the day-to-day operations and management of the company.
Helps protect technology businesses from damages and defense costs that arise out of employment-related disputes included but not limited to alleged discrimination, sexual harassment, refusal to hire and wrongful termination or discipline.
Often included within the insurance requirements section of contracts for IT and related services firms, this coverage specifically helps protect against theft of a client’s property by an Insured’s employee.
The Hartford’s innovative Risk Engineering team strives to help tech companies run safer and ultimately more profitable businesses with loss control services that include risk exposure evaluations, consultations, and recommendations for improving businesses’ safety and security.
The coverages and services described herein are summaries only. All policies should be read carefully to determine exclusions, limitations and other terms and conditions. In the event of a conflict, the terms and conditions of the policy will govern. All coverages and services may not be available for all businesses or in all states. Please contact your agent or broker for details.
Coverage is underwritten by Hartford Fire Insurance Co. and its property and casualty insurance affiliates (CA lic #8701). In TX, this insurance is written by Sentinel Insurance Company, Ltd., Hartford Casualty Insurance Company, Hartford Lloyd’s Insurance Company, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Hartford Accident and Indemnity Company and Hartford Fire Insurance Company. In WA, this insurance is written by Hartford Fire Insurance Company, Hartford Casualty Insurance Company, Hartford Accident and Indemnity Company, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Sentinel Insurance Company, Ltd. and Hartford Insurance Company of the Midwest.