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Insurance For Your Technology 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 property, liability and auto coverage enhancements that are critical to your business needs. We also offer important other coverages, like technology errors & omissions and cyber liability to help develop a policy that works best for your business.

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 companies

Coverage Highlights

Liability Insurance Advantages

  • 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 Advantages

  • Audio, visual and data electronic equipment
  • Employees as insureds for non-owned, hired or borrowed autos
  • Hired car physical damage
  • Lease gap (where available)

Property Insurance Advantages

  • 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
  • Equipment breakdown
  • Service Interruption
  • Spoilage
  • Utility services – direct damage and time element
  • Worldwide coverage for laptops, personal property, property in transit and business income from dependent properties

For more information about Selective's coverages, click here.

Optional Coverages Tailored for Technology Businesses

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

For more information about Selective's coverages, click here.

Safety Management Services

Selective can help you prevent claims before they occur with our extensive Safety Management services:

  • 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.

Please contact your Selective agent for more information about our products and services for Technology Businesses.