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Top 6 Insurance Policies Every IT Business in California Should Have

Jackson & Jackson

Here are the top 6 insurance policies every IT business in California should have to safeguard their operations. Professional Liability Insurance (Errors & Omissions Insurance) For IT consultants, developers, or tech startups, mistakes can happen. One oversight could lead to costly lawsuits.

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Protect Your Business: 5 Essential Insurance Policies You Might Be Overlooking

Protect Commercial Insurance

While you may have the basic insurance policies in place, such as property and general liability insurance, there are several other essential insurance policies that you might be overlooking. That’s why it’s crucial to consider other insurance policies to protect your business comprehensively.

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Essential Business Insurance Guide: Safeguarding Your Property From Cyber Threats

Protect Commercial Insurance

For example, if your business is situated in an area prone to flood, you may want to consider flood insurance as an additional coverage. Liability Insurance Liability insurance protects your business from legal claims and financial obligations resulting from injuries, property damage, or negligence caused by your business operations.

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Emerging Property Insurance Trends 2024

Property Insurance Centre

This ensures that insured properties are adequately valued and properly insured, reducing the risk of financial loss in the event of a claim. Labour Costs and Insurance Premiums Labour costs are another significant factor affected by inflation.

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E&O vs. EPLI: What Coverage Do Your Clients Need?

ProWriters

Coverage of settlements or judgments awarded against the insured. Coverage of claims made by third parties who suffer financial losses due to the insured’s actions. In carrying E&O Insurance, professionals demonstrate they’re willing to take financial responsibility for any errors or omissions that may occur.

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How To Save Money On Your Commercial Insurance

Protect Commercial Insurance

By understanding your policy needs, shopping around, and exploring available discounts, you can effectively manage insurance premiums and keep your business financially secure. It provides protection against a plethora of risks, including property damage, liability claims, theft, and even employee injuries.