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Tech Insurance

Insurance for tech companies is more important now than ever. Recent years have brought an explosion in innovation with companies providing a variety of technologies and services, which often come with unique insurance requirements. After all, a company that develops and sells software has very different needs when compared with a company that say, consults on security practices.

At Ford we understand these differences and are experienced in designing insurance  packages to suite your operation and exposures. Insurance language can get complicated, and a nuance in an off the shelf policy can easily leave your business vulnerable to devastating consequences.

We understand your business

The best way to avoid undesirable outcomes is to work with a company who not only understands their product, but also understands your business and how the two converge.

We offer insurance for technology companies at all stages of growth including:

  • IT\Computer Consultants
  • Application Development
  • Software Development
  • Web Design & Development
  • Cybersecurity
  • Computer Service & Repair
  • Project Management
  • Managed IT Service Providers
  • Telecommunications
  • Network Design
  • IT Training
  • And many more

Whether you’re a one person show, Series A startup or mature organization we’ll work with you to define your short term and long term needs as you focus on driving your business.

Eric Lonsinger

Eric Lonsinger

"I've been in your shoes"

I’m not kidding. Prior to joining Ford Insurance I worked in Tech for nearly 20 years. I’ve been fortunate enough to work for a number of technology startups and the companies that acquired them.

During my career I found myself working in every aspect of the business including, you guessed it! Insurance. Early on I remember knowing our software company needed insurance but, not knowing what kind, how much and really, what for?

I share this because traditionally tech and insurance have existed in two different worlds – I’m happy to bring my knowledge and experience in the tech industry to the process of identifying and acquiring the right coverage for my clients. I know it can be daunting, but when you find the right people it doesn’t have to be.

Key Coverages for Tech Companies

Contract being signed
General Liability

Often referred to as business liability, general liability protects businesses from general claims that arise out of normal day to day operations. Coverage is considered 3rd party, meaning it protects against injuries and property damage to others. Liability coverage is a must have insurance for tech companies.

Business Owner
Business Owner's Policy

A Business Owner’s Policy (BOP) combines common business coverages (General Liability and Property Insurance) into one convenient policy. It’s a great fit for smaller tech companies and provides the flexibility to add additional coverages based on your business’s needs.

Lawyer at their desk
Professional Liability (Errors & Omissions)

Often referred to as Errors and Omissions (E&O) Insurance, professional liability helps cover you and your business if you make a mistake in the services provided to a customer.  Even if you did not make a mistake but your customer believes you did and sues you, this coverage will help pay for your defense.

Hacker at their desk
Cyber Liability

We live in a digital world and most businesses, even those traditionally considered “offline” continue to have an increasing digital footprint. Technology brings incredible capabilities to our fingertips. Unfortunately, it also brings additional risk. Cyber coverage has become increasingly popular to mitigate the impact of data breaches, downed computers and networks and the losses that result.

Office furniture
Business Property

Business Property also referred to as Commercial Property Insurance and Business Personal Property Insurance, as the name implies, covers the physical location, equipment and contents your business owns.

Business Auto
Business Auto

Also referred to as commercial auto, business auto can be very straightforward (insuring vehicles your company owns) but also confusing (i.e. using personal vehicles for business). While many of the coverages are similar to that on a personal auto policy, the limits and conditions can be very different and may vary based on the use of the vehicle.

Workers Compensation
Workers' Compensation

Workers Comp provides benefits to your employees if they get injured on the job or become ill from their job. If you have employees, Workers Comp is required by law in just about every state, though the details may vary.

Umbrella in a storm
Commercial Umbrella

Umbrella policies are essentially insurance above and beyond other liability policies that you may have. Without this type of coverage you would have to pay out of pocket for losses that exceed your other policies limits.