Technology Insurance
Workers Compensation
For tech enterprises, we have created simple insurance plans.
Workers Comp Coverage for I.T. Businesses
For more than 15 years, we have assisted professional technology company owners in locating simple and reasonably priced insurance. Our Experts are aware of the insurance companies’ underwriting specifications. We are skilled in negotiating the best deal. We’ve created programs to assist you in obtaining the finest deals and most flexible payment options because of this.
We collaborate with top insurance companies that offer technology coverage.
Pay As You Go
Boost cash flow and lower the chance of large audit costs.
Comparison Pricing
Obtain estimates from several insurance providers to guarantee the best deals.
Claims Management
To expedite the settlement of claims, our carriers employ skilled claim managers.
Our Top Technology Insurance Companies
Markel FirstComp
Accident Fund
The Hartford
Travelers
Employers Insurance
Chubb
State Auto
Great American
AmTrust
Workers Compensation Class Codes Related to Computer I.T.
Workers are classified according to the tasks they perform for their employers. Currently, insurance companies can classify employees using almost 800 class codes provided by the National Council on Compensation Insurance (NCCI). To price a policy, insurance companies manually calculate a rate for each class code.
Sorting employees correctly is a crucial step in obtaining quotes. Employers who were incorrectly classified may wind up with excessive coverage costs or debt following an audit.
Class Code 5191 | Computer- Installation, Service & Repair
Businesses that offer computer-related services to clients on-site. Workers can install different computer-related components and troubleshoot hardware-related software issues. Under this class code, work on printers and associated hardware is covered.
Class Code 8810 | Computer Programming- No Travel
The technology sector is large. A significant distinction in an employee’s classification frequently revolves around their place of employment. IT employees that operate from a central office and do not travel for work purposes may fall under class code 8810. IT consultants may need to be categorized under class code 5191 if they travel to clients’ locations.
Computer hardware and software projects are the main focus of IT companies. Businesses that oversee hardware installation, adjusting, inspecting, or repairing are more likely to fall under code 5191. Generally, this code covers all building-related networking and cabling. Class code 8810 is typically applied to programmers and computer system designers who operate from a single location.
It might be necessary for businesses providing computer processing and data hosting services to use the alternate class code 8803. These IT companies offer cloud application hosting, streaming, and specialty hosting.
Alternative State Class Codes for Technology:
States occasionally stray from the NCCI-recommended industrial class code. For some business segments, they might demand the use of a state-specific class code in place of the NCCI code.
| 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 is a national Agency, licensed throughout the United States.
Get the Best Tech Insurance Coverage
Because their agent does not have access to the most affordable insurance firms, many small IT organizations are overpaying for insurance coverage. Installment agreements based on predicted payroll that don’t change when payroll varies are used by other business owners. For every distinct state and kind of organization, we assist our clients in locating the most affordable insurance rates. Your company’s cash flow will be enhanced by our Pay As You Go payment options. New entrepreneurs and businesses with higher Experience Modification Ratings are the clients we work with. Since 2005, we have been writing technology insurance.
Program Features
No Minimum Premium Requirements
Pay As You Go Work Comp – $0 Deposit
Guaranteed Cost and Deductible Options
National Nursing Home 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.
Accidents and injuries occur. These mishaps and claims are covered by a no-fault scheme called workers compensation insurance. In most states, it’s mandated by law.
- Lost income for workers who can't perform job duties
- Medical expenses for injury or illness 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.
Workers compensation insurance may not always shield employers or employees from lawsuits brought on by workplace accidents.
- Injuries resulting from a violation of the law
- Accidents resulting from using 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
For small enterprises, the cost of business insurance has been rising. The primary drivers of the cost increase in coverage have been workers compensation and general liability insurance. In order to give our clients more economical commercial insurance and E&O packages, we’ve teamed with our insurance providers. Find out more about our alternatives for IT businesses’ package insurance:
- Workers Compensation and Employers Liability
- Tech Liability Insurance
- Technology E&O Insurance
- Personal Property and Commercial Property
- Umbrella Liability and more
Not every class code or every line of insurance coverage will be offered in every state. For information on our general liability and workers compensation insurance programs, get in touch with one of our workers compensation specialists.
How Much Does Tech Insurance Cost?
Under the tech class code, our customers typically pay an average of $0.39 cents for workers compensation for every $100 of payroll. A general liability insurance coverage typically costs $500.00. The cost of technology E&O insurance varies by state and sector.
Workers Comp Costs
- Work Comp is priced based on payroll
- Your state and EMR Rating will affect your cost
- The type facility 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 OmissionsErrors and Omissions rates for I.T. are based on records and risk rates depend on services provided
- Gross revenue may affect pricing
- Security and sensitive data matters to underwriters
- Prior clams and years in business affect pricing
How To Get Workers Comp
How Do I Get Started?
Here's what we need from you
- Business details, locations, FEIN or SSN
- Estimated annual payroll and job duties- class codes
- Claims info or loss history- if applicable
What Happens Next?
We go find for your best price
- Our software matches you with top-rated carriers
- Our agents apply and negotiate your lowest rates
- We present and recommend your best options
Real Agents, Fast Insurance Quotes
Compared to other insurance companies or organizations offering online workers compensation estimates, Workers Compensation is unique. We are authorities on ownership regulations, class codes, audits, and state legislation. The best workers’ compensation insurance quotes from reputable carriers are obtained through our quote procedure. Check it out for yourself. Give our professionals a call at or begin your online workers’ compensation quote request right now. You’ll be happy that you did.
Workers Compensation Info
- What is Workers Compensation?
- Workers Compensation Class Codes
- Experience Modification Rates
- How Much Does Workers Comp Cost?
- Workers Compensation by State
Workers Comp Programs
- Best Selling Workers Comp Programs
- Pay As You Go Insurance
- Self Monthly Workers Comp Reporting
- The Hartford Workers Compensation
- Multi-State Workers Comp Coverage
Employer Resources
- Workers Compensation Rates
- Rules for Workers Comp
- Frequently Asked Questions
- Find a Workers Comp Form
- Get Workers Compensation Quotes
Customer Service
- Certificate of Insurance
- Make a Payment
- Report a Claim
- Workers Compensation Insurance Audits
- Staff Directory
National Broker Services
- Insurance Agents
- Payroll Service Companies