Computer Business Insurance

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Updated: March 27, 2025 . 7 min read

Written by Ofir Sahar

CEO & Founder

Ofir Sahar

CEO & Founder

Some of the products on this page come from partners who may compensate us when you click on their links or take specific actions. This helps us keep our content free. That said, our opinions are our own and based on independent analysis.

 

 In today’s digital age, Computer business insurance is vital.It protects companies from risks like cyberattacks, data breaches, and equipment failures. Cybercrime costs are projected to reach $13.8 trillion annually by 2028. 

 In light of this data, this article explores computer business insurance ,its cost  and the various policies available and the best companies offering this policy.

Computer Shop Insurance

Computer shop insurance pertains to an insurance program whose terms absolutely relate to the risks that computer businesses face. It helps the policyholder reverse the financial drawbacks of lawsuits, damage to stocks, business interruption, crime, and business property damage.

General Liability Insurance for Computer Business

The first risk most computer businesses think about are personal injury lawsuits customers might file against them. Facing a personal injury lawsuit and losing one’s defense can be very taxing as it might result in million dollar payments.

Personal injuries happening to computer shops in the United States isn’t rare. It’s estimated that 9,300 people suffer from computer related injuries. 

General liability coverage in computer shop insurance pays for the cost of personal injury settlement as well as the policyholder’s attorney fees.  Even a basic general liability coverage is already helpful because the policy holder can claim $500,000 up to $2 million upon asking the carrier for help.

Computer Shop Product Liability Insurance 

Aside from personal injuries they may cause, computer shops also worry about the repercussion of selling a defective product to a customer. This is especially true for those that specialize in selling desktops, computer parts, and other related accessories.

Computer parts such as solid states drives, hard drives, central processing units, motherboards, AIO coolers, power supplies, graphic cards, and random access memories can cause significant damages if defective such as:

  • AIO Cooler – causes air bubbles and leakage when defective, resulting to the complete breakdown of the entire computer unit
  • Central processing units – can overheat and cause the computer to ignite in flames

Injuries arising from product defects are costly. If the aggrieved person brings things to court, a computer shop business might have to pay $45,282 up to $68,431 in settlement. 

Workers Comp Insurance for Computer Shops

Computers are not only dangerous to customers. Employees repairing or assembling them also face risks.

Most employees who work with computers agree that electrocution is an accident they experience from time to time. 

Employees might need money for treatment and to recuperate any work-related injuries. 

Computer shop employees can request their employers to pay for the cost of treatment as well the cost of lost days at work. Employers can use their own money. However, it’s better to sort things out with workers comp coverage.

Cyber Liability Insurance for Computer Business

Cyber liability insurance is another policy under your computer shop insurance. As a computer shop or business owner, it is important to note that your assets are more than your hardware and employees.

 It would help if you also protected the software of your computer business. This is why it is essential to get a cyber liability insurance for computer business.

It protects your business against cybercrimes, such as fraud or viruses on your computer. With cyber liability insurance, you have legal and financial protection against such cases.

Commercial Auto Insurance for Computer Business

If you use vehicles in your computer business operations, you need a commercial auto insurance policy. You could be using vehicles to deliver packages for your clients or pick up new items for your computer store daily.

While vehicles are efficient, they come with risks. For instance, your company vehicle could get involved in an accident and cause severe injuries to the victim. In that case, commercial auto insurance will help cover the costs. 

What Insurance Will Cover Loss or Damage of Stocks Due to Theft?

Business stocks and content is the policy that answers for any loss and damage resulting from theft.  This can reimburse the policyholder a fraction or the full amount of the total projected value of stocks stolen.

Additionally, business stocks and contents insurance will also pay for the personal tools or equipment of computer shop employees such as volt meters, soldering rods, etc.  Thus, it ascertains the policyholder won’t have to invest money so that employees remain efficient with their tasks.

What Insurance Will Cover Computer Products Lost During Shipment?

 Computer shops should be very vigilant about this. A good way to practice vigilance is to get computer shop insurance with goods in transit coverage.

Goods in transit coverage will reimburse the policyholder a percentage or full amount of the total value of stolen or damaged goods while on the way to customers, warehouse, or branch store.  

This policy not only works for products delivered by a freighter or truck but also delivered by a ship. In case of delivery through ships, goods in transit will help policyholders make payment if the shipping carrier declares a general average.

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Computer Technician Insurance

Independent professionals who assemble, program,  and repair computers can decide to get coverages in computer technician insurance. Computer technician policies commonly offer general liability, fidelity bonds, equipment breakdown, and commercial auto coverages.

Fidelity bonds coverage in computer technician insurance will provide money if a client accuses the computer technician of theft or any other form of dishonestly such as:

  • Accessing private information stored on a computer the technician is working on
  • Switching a part of the computer with a similar but defective part

 

Computer Shop Insurance Cost

  • The average computer shop insurance cost is roughly $33 per month or $396 per year provided the policyholder only wants to get $1 million general liability coverage.  
  • Computer shops pay $40.75 a month or $489 a year for their workers comp coverage
  • Those who want protection against theft while stock is in transit pay $22.78 a month or $273.51 a year for goods in transit coverage
  • Business stocks and content insurance cost $18 a month or $216 a year for a starting computer shop
  • Technicians pay a median of $22.34 a month or $268.08 a year for their professional liability coverage

 

Best Computer Shop Insurance Companies

Here are some reviews of the best insurance companies for computer shops and technicians. Read to know their pros, cons, and pricing for a $1 million general liability coverage.

The Hartford 

The Hartford offers protection to computer shops with its business insurance for electronic companies. Coverage of its insurance policy are general liability, commercial property, and business interruption.

There are optional coverages such as OPUS coverage works the same way as business interruption but faster, data breach coverage, computer and electronic equipment coverage, and transit insurance coverage.

BBB and AM Best rates The Hartford with A+.

Pros
  • OPUS coverage quickly provides money in case of business interruption
  • Protects a lot of electronic equipment and stocks of the computer shop
  • Trusty BBB and AM Best rating
  • Resolves disputes with customers

Cons

  • The Hartford won’t resolve disputes unless the customer is very determined for it

Average cost: $35 per month

Our rating : 10/10

Next 

While Next doesn’t insure computer shops, its computer technician insurance is worth the try. Next’s insurance for computer technicians comes as a business owners policy that allows the customer to enjoy a 5% discount on their premiums.

 General liability and commercial property coverages compose the BOP. NEXT is accredited by BBB, has an A+ rating.

Pros

  • Offers electronic certificate of insurance
  • Online transactions that can be fulfilled without any calls
  • Discounts for bundling policies

Cons

  • Doesn’t provide insurance for computer shops

Average cost: $40 per month

Our rating : 10/10

 

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Progressive 

Progressive offers computer business insurance with its Technology and IT services program, which protects computer manufacturers and retailers. Coverages are professional liability and professional indemnity. Optional policies are workers comp and commercial auto.

Pros

  • Covers a lot of business that make money through computers
  • Comes with cyber security coverage

Cons

  • No general liability and business interruption

Average cost: $60 per month

Our rating : 8/10

 

Thimble 

If not Next, then computer technicians can go to Thimble for insurance . Thimble helps protect technicians from risks with its professional services insurance, which provides coverage to all independent licensed professionals. Coverages Thimble gives are general liability, professional liability, equipment, and commercial auto. 

Pros

  • Simple coverages that computer technicians absolutely need
  • Online certificate of insurance
  • Insures the work equipment of technicians

Cons

  • No  optional computer technician insurance coverages for more protection

Average cost: $110.53 per month 

Our rating : 8/10

 

About the author

Ofir Sahar

Ofir is the founder and CEO of Insuranks. He established Insuranks in 2019 from scratch and has been running educational insurance websites since 2009 on a mission to help businesses...See full bio.

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