Technology Insurance | Workers' Compensation
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Workers' Comp Coverage for I.T. Businesses
We've been helping professional technology business owners find easy and affordable coverage for over 15 years. Our Experts understand the underwriting requirements from the insurance companies. We know how to negotiate the lowest price. That's why we've developed programs designed to help you get the best rates and most flexible payment options.
We partner with the best carriers writing technology coverage.
Improve cashflow and reduce the potential for big audit bills.
Get quotes from multiple insurance companies to ensure the lowest rates.
Our carriers have experienced claim managers to close claims quickly.
Our Top Technology Insurance Companies
Markel is a national carrier. Markel offers exceptional workers' comp coverage in most states throughout the United States.
Accident Fund Insurance Company of America has a direct focus on writing workers comp coverage for I.T and tech.
The Hartford is a national insurance carrier with exceptional rates on office, retail, I.T. Consulting and technology.
Travelers is an outstanding insurance company with a broad appetite and competitive rates. Great for design and programming staff.
Employers offers excellent rates as well as loss control resources for all clerical workers' comp classification codes.
Chubb quotes all lines of business and has terrific rates for technology, offices, medical and retail businesses.
State Auto has some excellent rates for offices such as computers system hardware and software companies.
Great American Insurance is an exceptional carrier offering affordable prices and a broad appetite for most types of I.T. business.
AmTrust Financial provides exceptional value for many business types within the office and clerical classes of business.
Shop coverage like a Pro.
Workers' Compensation Class Codes Related to Computer I.T.
Employees are grouped into classification codes based on what they do for their job. The National Council on Compensation Insurance (NCCI) currently utilizes nearly 800 class codes to help insurance companies categorize employees. Insurance companies create a manual rate for each class code in order to price a policy.
Properly classifying workers is an important part of the quote process. Mis-classified employers may end up paying too much for coverage or owing too much after an audit.
Class Code 5191 | Computer- Installation, Service & Repair
Companies engaged in providing computer related services at their customers' locations. Employees may troubleshoot software of hardware related problems as well as install computer various computer related components. Work on printers and related hardware is included under this class code.
Class Code 8810 | Computer Programming- No Travel
Technology is a broad industry. A meaningful difference in the classification of employees often centers around where the employees work. I.T staff that work from a central office, and do not travel as part of their normal work, may belong under class code 8810. I.T. consultants who travel to customers locations may need to be classified under class code 5191.
Tech businesses are primarily engaged in computer hardware or computer software endeavors. Companies that manage the installation, adjustment, inspection or repair of hardware are more likely to be classed under code 5191. This code typically includes any associated cabling and networking within a building. Programmers and computer system designers that work from a single location often fall under class code 8810.
Companies involved in computer data hosting and computer processing services may need to utilize an alternative class code- 8803. These I.T businesses provide specialized hosting, streaming or cloud application hosting.
Alternative State Class Codes for Technology:
Sometimes a state will deviate from the industry class code recommended by NCCI. Instead of the NCCI code, they may require the utilization of a state specific class code for certain business segments.
| Class Code | State |
|---|---|
| 5193 | Computer Repair and Installation | California |
| 8859 | Computer Data Hosting | California |
| 952 | Computer Repair | Delaware / Pennsylvania |
| 936 | Computer Hosting and Processing | Delaware / Pennsylvania |
| 7610 | Computer Data Hosting and Processing | Michigan / New Jersey / New York/ Texas |
Synonyms: computer consulting, I.T. consulting, programming website designers, web design, computer repair, data analyst
Workers Compensation Shop.com is a national Agency, licensed throughout the United States.
Get the Best Tech Insurance Coverage
A lot of small I.T. businesses are overpaying for insurance coverage because their agent does not have access to the lowest cost insurance companies. Other business owners are using installment plans based on estimated payroll that doesn't adjust as payroll fluctuates. We help our customers find the best insurance rates for each unique state and type of business. Our Pay As You Go payment plans will improve your business cash flow. We work with new business owners and companies with higher Experience Modification Ratings. We've been writing tech insurance since 2005.
| Program Features |
|---|
| No Minimum Premium Requirements |
| Pay As You Go Work Comp - $0 Deposit |
| Guaranteed Cost and Deductible Options |
| National Technology Insurance Expertise |
| More Markets for More Solutions We shop renewals too |
| Commercial Package Insurance Options |
What Does Workers' Comp Cover?
Workers' comp coverage protects employees when injured. It makes good financial sense for both parties.
- Loss of income for employees unable to perform job duties
- Medical expenses for employees injured on the job
- Retraining expenses for employees unable to return
- Permanent injury or disability for lasting injuries
- Survivor benefits if employees are killed on the job
Coverage does not protect employers from everything. Sometimes employees and employers can be negligent.
- Injuries resulting from a violation of the law
- Incidents resulting from employees' use fo drugs or alcohol
- Injuries that did not occur in connection with the job
- Clear company policy violations
- Injuries that did not occur in connection with the job
Lower Your Tech Insurance Costs
The cost of business insurance has been increasing for small businesses. General liability and workers' comp insurance have been the major cause of the increase in the cost of coverage. We've partnered with our insurance companies to provide more affordable commercial insurance & E&O packages for our customers. Ask about our package insurance options for I.T Businesses:
Workers' Compensation and Employers Liability
Tech Liability Insurance
Technology E&O Insurance
Personal Property and Commercial Property
Umbrella Liability and more
Not all lines of insurance coverage or all class codes will be available in all states. Contact one of our workers' comp Specialists for program details on general liability and workers' compensation insurance.
Start a quote online or give one of our experts a call at 888-611-7467.
How Much Does Tech Insurance Cost?
The average rate our customers pay for workers' compensation under the tech class code is around $0.39 cents per $100 of payroll. The average cost for a general liability insurance policy is about $500.00. Technology E&O insurance costs will vary by state and industry.
Workers' Comp Costs
- Work Comp is priced based on payroll
- Your state and Emod will affect your cost
- The type of I.T work can modify rates
- Premium discounts and policy credits may apply
General Liability Costs
- GL rates for I.T. are based on sales (rated per $1000)
- Gross revenue may affect pricing
- The type of work done matters to underwriters
- Prior clams and years in business affect pricing
- Office SIC codes vary by industry
Technology E&O Costs
- Errors and Omissions rates for I.T. are based on records and risk
- Gross revenue may affect pricing
- Security and sensitive data matters to underwriters
- Prior clams and years in business affect pricing
Then there's Trusted Service.
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How do I get started?
- Business details, locations, FEIN or SSN
- Estimated annual payroll and job duties- class codes
- Claims info or loss history- if applicable
What Happens Next?
- Our software matches you with top-rated carriers
- Our agents apply and negotiate your lowest rates
- We present and recommend your best options
Ready to Start Your Quote?
Don't settle for cookie-cutter rates
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Ask about our Pay As You Go plans designed to improve cashflow and bullet-proof your audits.
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