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Types of Businesses We Insure
Technology Businesses

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Types of Technology Businesses We Insure:

  • Computer manufacturers
  • Computer peripheral manufacturers
  • Computer systems designers
  • Computer wholesalers
  • Custom software developers
  • Electronic component manufacturers
  • Instrument manufacturers
  • Internet service providers
  • IT consultants
  • Local exchange companies
  • Measuring equipment manufacturers
  • Microchip manufacturers
  • Modem manufacturers
  • Peripheral wholesalers
  • Pre-packaged software developers
  • Software wholesalers
  • Switching and routing equipment manufacturers
  • Systems integrators
  • Telecommunications equipment manufacturers
  • Telecommunications resellers
  • VoIP providers (voice over internet protocol)
  • Website developers
  • Wireless data networking

Insurance Coded for Your Business
With all you have to do to stay ahead of the fast-paced technology curve, the last thing you need to worry about is whether your insurance can keep up. You want an insurance company that understands what you do and can help protect all aspects of your technology business.

Our insurance experts developed an insurance solution with the built-in property, liability and auto coverage enhancements that are critical to your business needs. We also offer important optional coverages, like technology errors & omissions and our cyber liability product – CyCurity® – to help develop a policy that works best for your business.

As the list below shows, Selective’s program for technology businesses offers a wide array of coverages to meet your specific needs. And many coverages are built in at no additional cost. Please contact your Selective agent for more information.

    Liability Insurance
    Liability coverage for bodily injury, property damage, personal and advertising injury, and:
  • Additional insured – primary and/or non-contributory
  • Blanket additional insureds including vendors
  • Blanket waiver of subrogation
  • Broadened property damage
  • Electronic data liability
    Commercial Automobile Insurance
  • Audio, visual and data electronic equipment
  • Employees as insureds for non-owned, hired or borrowed autos
  • Hired car physical damage
  • Lease/loan gap coverage
    Property Insurance
    Coverage for building, business property, property of others, continuing business expense, and:
  • Brands and labels
  • Computer equipment and electronic data are included in the definition of business personal property
  • Consequential loss to stock and selling price valuation
  • Contractual penalties
  • Coverage for electronic data destroyed or corrupted by a computer virus or harmful code
  • Loss of business income due to a denial of service attack
  • Systems PowerPac coverage for:
    1. Equipment breakdown
    2. Service Interruption
    3. Spoilage
  • Utility services – direct damage and time element
  • Worldwide coverage for laptops, personal property, property in transit and business income from dependent properties

To help you tailor your insurance program to your individual needs, Selective offers a variety of optional coverages, including:

  • Business income - actual loss sustained available for 12, 18 or 24 months
  • Crime
  • Crisis response
  • CyCurity® – cyber liability coverage
  • Employment practices liability
  • Equipment breakdown
  • Identity recovery
  • Inland marine
  • Technology errors & omissions
    1. A broad definition of your product and work that includes all of your technology-related or telecommunications-related business activities
    2. Basic extended reporting period of 90 days; supplemental extended reporting period available for up to five years
    3. Worldwide coverage territory, including claims and suits brought overseas
  • Product recall expense
  • Umbrella
  • Workers compensation

When you purchase insurance from Selective, you get more than just a policy. Our Safety Management team offers a wide array of value added services you need to help create a safer environment for your employees and customers and to help you manage your insurance costs by reducing claims.

  • Best practices assessment/gap analysis
  • Contractual liability consultation
  • Workers compensation cost containment
  • Driver and fleet safety programs
  • Exposure reduction consultations
  • Online safety training
  • Premises liability reviews
  • Regulatory guidance
  • Safety assessment and benchmarking tools
  • Sprinkler system evaluation/analysis
  • Supervisor accountability programs
  • Thermographic infrared surveys

 

For more information about Selective's Safety Management services, click here.

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