Ohio Technology Contractor Insurance

Danger lurks in every corner of the information technology industry. From cyberattacks to data breaches, from lawsuits to liability claims, IT contractors face a myriad of risks that can jeopardize their reputation and livelihood. That's why they need a reliable and comprehensive insurance policy that covers their specific needs and protects them from unforeseen events.



Information Technology Contractors Insurance in Ohio is a specialized type of insurance that caters to the unique challenges and exposures of IT contractors. Whether you are a software developer, a web designer, a network engineer, or any other IT professional, you can benefit from tailored coverage.

Bellwether Insurance is here to provide you with the best coverage for your information technology contracting business in Ohio. 

We understand the risks and challenges that IT contractors face in today's dynamic and competitive market and offer comprehensive and affordable insurance solutions that protect them from liability, cyberattacks, data breaches, errors, omissions, and more.



Contact us today for a free quote and consultation.

Technology professional liability insurance, also known as technology E&O insurance, is a specific form of professional liability insurance that covers errors, omissions, mistakes, or negligence in the technology services or products provided. 

• For example, if a software developer delivers a faulty product that causes damage or loss to the client, technology professional liability insurance can help cover the costs associated with the claim.
• Similarly, an IT consultant who advises clients on technology solutions may be liable for professional negligence if their recommendations fail to meet the client's expectations or cause harm. 
• A web developer who creates websites or applications for clients may be liable for copyright infringement if they use unauthorized content or code. 
• A data storage company that hosts or manages data for clients may be liable for data breach or cyberattack if they fail to secure the data properly.

Technology professional liability insurance can help cover the legal fees, court costs, attorney fees, administrative costs, settlements, and judgments that may result from these claims. 

The cost of technology professional liability insurance depends on various factors, such as the area of expertise, coverage needs, contractual requirements and claims history.

Cyber liability insurance protects businesses from the financial consequences of cyberattacks and data breaches. It can cover expenses such as notifying customers, providing credit monitoring, paying ransomware demands, defending against lawsuits, and paying regulatory fines.

Information Technology contractors in Ohio may need cyber liability insurance if they handle sensitive data for their clients or store information about their business online. A data breach or cyberattack could expose them to legal liability and reputational damage. Cyber liability insurance can help them mitigate these risks and recover from a cyber incident.

There are two main kinds of cyber liability insurance: first-party and third-party. First-party cyber liability insurance covers the costs of dealing with a data breach or cyberattack at your own business. Third-party cyber liability insurance covers the costs of facing a lawsuit from a client who suffers a data breach or cyberattack because of your negligence or error.

IT contractors in Ohio can purchase cyber liability insurance as a standalone policy or as an add-on to a business owner's policy (BOP).

General liability insurance covers common risks faced by information technology contractors in Ohio, such as customer injury, customer property damage, and advertising injury. It protects your IT business from the high costs of lawsuits and helps you qualify for leases and contracts.

For example, if you accidentally damage a client's computer while installing software, general liability insurance can help pay for the cost of repairing or replacing it. If a client sues you for slander after you post a negative review of their services online, general liability insurance can cover your legal fees and any settlement or judgment.



General liability insurance is often required by clients or property managers when you work on their premises or sign a contract with them. It can also help you build trust and credibility with potential customers who want to hire a professional and reliable IT contractor.

Ohio employers must have workers' compensation insurance from the Ohio Bureau of Workers' Compensation (BWC) to cover their employees who get injured or sick because of their work. This insurance pays for medical costs and lost income for these workers. It also helps employers avoid being sued by their workers for work-related injuries or illnesses.

Information technology contractors who work for themselves can decide whether to get workers' compensation insurance from the BWC or not. But if they work for another employer, they might be treated as employees of that employer and be covered by their workers' compensation insurance.

Fidelity bonds are a type of insurance that protects businesses from financial losses caused by dishonest or fraudulent acts of their employees. They are especially important for information technology (IT) contractors who work with sensitive data, valuable equipment, or large sums of money.

There are two main types of fidelity bonds: first-party and third-party. First-party fidelity bonds cover the losses that a business suffers directly from its own employees' misconduct, such as theft, embezzlement, or forgery. Third-party fidelity bonds cover the losses that a business's clients or customers suffer from its employees' misconduct, such as data breach, identity theft, or unauthorized access.



IT contractors in Ohio may need to obtain third-party fidelity bonds to meet the requirements of their client contracts, especially if they work with clients in the financial services industry. Third-party fidelity bonds can help IT contractors build trust and credibility with their clients, as well as protect them from liability claims and lawsuits.

Two of the most important types of insurance for information technology contractors in Ohio are property and equipment insurance. 

Property insurance covers the physical assets of your business, such as your office building, furniture, computers, and other equipment. 

Equipment insurance covers the specialized tools and devices that you use to provide your services, such as software, servers, routers, and cables. 



These types of insurance can protect you from losses due to fire, theft, vandalism, power surges, and natural disasters. They can also help you replace or repair your property and equipment in case of damage or malfunction.

The minimum commercial auto insurance for information technology contractors in Ohio is $25,000 for bodily injury per person, $50,000 for bodily injury per accident, and $25,000 for property damage per accident. However, this may not be enough to cover the costs of a lawsuit or a vehicle repair if you or your employees are involved in an accident while driving for work purposes.

Commercial auto insurance can help you pay for legal fees, medical bills, and property damage if your business vehicle is involved in an accident. It can also cover theft, vandalism, and weather damage to your vehicle. You may need commercial auto insurance if you:

• Drive a vehicle exclusively for work
• Transport computers or other IT equipment
• Send employees on errands during work hours

Depending on your needs, you can customize your policy to include collision coverage, uninsured motorists’ coverage, and comprehensive coverage. These options can provide additional protection for your vehicle and your business.

Commercial auto insurance is different from personal auto insurance. It only covers business-owned vehicles, but sometimes employees drive their own cars for work errands. In that case, you may need hired and non-owned auto insurance (HNOA), which covers vehicles that your business uses but does not own.

The cost of Ohio IT contractors insurance depends on several factors, such as the size and scope of the business, the type of services offered, the level of coverage needed, the deductible and limit chosen, the claims history of the contractor, and the insurance provider. Therefore, there is no one-size-fits-all answer to how much Ohio IT contractors insurance costs.

However, based on some industry averages and estimates, here are some examples of how much Ohio IT contractors insurance could cost for different scenarios:

• A sole proprietor who provides web design and development services to small businesses could pay around $500 to $1,000 per year for a general liability policy that covers bodily injury and property damage claims up to $1 million per occurrence and $2 million in aggregate.
• A small IT consulting firm that offers software engineering and project management services to medium-sized clients could pay around $1,500 to $3,000 per year for a professional liability policy that covers errors and omissions claims up to $1 million per occurrence and $2 million in aggregate.
• A large IT outsourcing company that handles data processing and cloud computing services for large corporations could pay around $5,000 to $10,000 per year for a cyber liability policy that covers data breach and cyberattack claims up to $1 million per occurrence and $2 million in aggregate.

These are just illustrative examples and not actual quotes. The actual cost of Ohio IT contractors’ insurance may vary depending on the specific details of each case. To get an accurate quote for Ohio IT contractors’ insurance, it is advisable to contact a licensed insurance agent or broker who specializes in this field and can compare multiple options from different providers.

Let our experts help you find the best coverage and rates for your business. Whether you are a freelancer, a small firm, or a large corporation, we can tailor an insurance plan that suits your needs and budget. Fill out our online form and get a free quote today.