Insuranks
Insuranks

IT Contractor Insurance: Liability & Quotes From $11/month

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

#2 Compare Even More Cheap Quotes From The Best Insurers With
icon
The Cheapest Commercial Insurance Comparison Engine
Speak with Representative now
Table of contents
1. What is IT Contractor Insurance?2. IT Contractor Liability Insurance3. Professional Liability Insurance for IT Contractors 3.1. When Can You Use Professional Liability Insurance in Practice?3.2. Does Professional Liability Insurance Cover Accusations of Defective Work?3.3. Will Professional Liability Insurance Help if My Negligence or Mistake Result in Data Security Issues?3.4. How Much Coverage Can You Get From Professional Liability Insurance?4. General Liability Insurance for IT Contractors 4.1. In What Situations Can You Use General Liability Insurance?4.2. Will Clients Require General Liability Insurance Before Hiring Me?4.3. Do IT Contractors Have Other Uses for General Liability Insurance?4.4. What Policy Works The Same Way as General Liability Insurance?5. Cyber Liability Insurance for IT Contractors 5.1. What Costs Does Cyber Liability Insurance for IT Contractors Cover?5.2. Will Cyber Liability Insurance Help You Recover Losses if ElectroNeek, DNS Filter, Tadabase, GermainUX, and Other Software Get Lost or Corrupted After a Cyber Exposure?6. Commercial Property Insurance for IT Contractors6.1. How Does Commercial Property Insurance Protect IT Contractors?6.2. How About My Property Inside The Office? Are They Covered?6.3. Does Commercial Property Insurance Cover Software and Electronic Documents?6.4. My Office as an IT Contractor is at Home. Am I Still Eligible for Commercial Property Insurance?7. Business Owner’s Policy for IT Contractors 7.1. How Does a Business Owner’s Policy Work?7.2. Why Does a Business Owner’s Policy Help You Save Money?8. Tools and Equipment Insurance for IT Contractors  8.1. How Does Tools and Equipment Insurance Work?8.2. Are Leased or Rented Equipment Covered?8.3. How Much Coverage Can You Get From Tools and Equipment Insurance?9. Business Interruption Insurance for IT Contractors 9.1. How Long Does Business Interruption Insurance for IT Contractors Last?9.2. Does Business Interruption Insurance Cover War and Terrorism?10. Workers' Compensation Insurance for IT Contractors11. Umbrella Liability Insurance for IT Contractors12. IT Contractor Insurance Cost 13. Best IT Contractor Insurance Companies13.1. NEXT IT Contractor Insurance 13.1.1. Pros13.1.2. Cons13.2. CoverWallet IT Contractor Insurance 13.2.1. Pros13.2.2. Cons13.3. Tivly IT Contractor Insurance 13.3.1. Pros13.3.2. Cons13.4. Hiscox IT Contractor Insurance 13.4.1. Pros13.4.2. Cons 13.5. Thimble IT Contractor Insurance 13.5.1. Pros 13.5.2. Cons 13.6. Progressive IT Contractor Insurance 13.6.1. Pros 13.6.2. Cons 13.7. State Farm IT Contractor Insurance 13.7.1. Pros 13.7.2. Cons 

Ask any IT contractor, and they'll tell you the same thing: IT contractor business insurance is a must-have. Even with the technical know-how and sound practices, you'll still need reliable backup against exposures. This backup is in the form of IT contractor insurance.

IT contractor business insurance has emerged as a staple, especially in today's landscape, where more and more IT professionals are inclined towards working as contractors. A lot of exposures lurk when working as an IT contractor such as errors in code, inability to deliver projects as per agreed-upon terms, and a slew of complaints from customers.

This post covers everything you need to know about IT contractor insurance. We’ll discuss what policies are included, how much do premiums cost, and wrap things up with a review of the companies to consider working with.  

What is IT Contractor Insurance?

IT contractor insurance is mainly designed for independent IT professionals working as contractors for the design and creation of application, software, and cybersecurity systems. This consists of commercial property, business interruption, business owner’s policy, and liability insurance policies.

Eligibility for IT contractor insurance depends on what IT services you provide. In case the insurance company refuses to grant coverage, then know that there are alternative options such as software developer insurance, web developer insurance, and app developer insurance.

IT Contractor Liability Insurance

You can face lawsuits. IT contractor liability insurance protects you against these. Insurance companies sell this as a general liability policy, professional liability policy, and cyber liability policy.


Professional Liability Insurance for IT Contractors


CoverWalletNEXTThimble (Best)Hiscox
Per occurrence limit$1,000,000$1,000,000$1,000,000/$2,000,000$1,000,000
Aggregate limit$2,000,000$2,000,000$1,000,000/$2,000,000$1,000,000
Name additional insureds?YesYesYesYes
Waiver of subrogation included?YesNoYesCan be included
Deductible$500$500$500$50/$10,000


Professional liability and professional indemnity insurance (often abbreviated as PI PL insurance for IT contractors) sound different but they’re the same policy.

A professional liability policy grants coverage if a client files a claim after sustaining financial losses because of an issue caused by your lapses while providing IT services.

This IT business insurance covers accusations and lawsuits for breach of contract, negligence, missed deadlines, inaccurate advice, and breach of confidentiality. Use the table above to see which insurance company offers the best professional liability insurance for IT contractors.


When Can You Use Professional Liability Insurance in Practice?

Some realistic situations where the coverage of professional liability insurance applies are as follows:

  • You accidentally shared the information about a client’s project through a webpage post, a social media comment, or an interview

  • The client’s cyber security system was breached while you’re working on it

  • A client filed a claim after discovering that the figures stated in your report about the metrics of their newly designed marketing software were made up

  • You failed to finish a project on the date stated in the contract


Does Professional Liability Insurance Cover Accusations of Defective Work?

Professional liability insurance covers accusations of faulty workmanship or defective work if you add a defective work endorsement to it. This will cover the reimbursement to the client if an application, software, or cybersecurity system you worked on didn’t function correctly. Further coverage might apply to extra expenses you must pay to recode and redesign the faulty project.


Will Professional Liability Insurance Help if My Negligence or Mistake Result in Data Security Issues?

Data security issues as a result of your negligence or mistakes can be also covered by professional liability insurance. But note that coverage might not apply if a cyber attack or data breach is also involved.


How Much Coverage Can You Get From Professional Liability Insurance?

The professional liability policy of IT contractor insurance packages has a $1 million-$2 million per occurrence and aggregate limit. This is closely the same as the limits of the professional liability policy of web developer insurance programs.


General Liability Insurance for IT Contractors


CoverWalletNEXT (Best)ThimbleHiscoxProgressive
Per occurrence limit$1,000,000$1,000,000$1,000,000/$2,000,000$300,000/$2,000,000$1,000,000/$2,000,000
Aggregate limit$2,000,000$1,000,000/$2,000,000$1,000,000/$2,000,000$300,000/$2,000,000$1,000,000/$2,000,000
Products and completed operations aggregate limit$2,000,000
$1,000,000$1,000,000$1,000,000$1,000,000
Advertising injury coverage aggregate limit$1,000,000$1,000,000$1,000,000$1,000,000$1,000,000
Tenant’s legal liability coverage limit$100,000
$100,000$5,000$100,000$100,000
Waiver of subrogation included?YesNoIncludedExcludedExcluded
Hired/non-owned auto liability coverage included?YesNoExcludedExcludedExcluded
Equipment breakdown floater included?NoYesYesExcludedExcluded
Can you get a certificate of insurance online?YesYesYesYesNo
Name additional insureds?YesYes
YesYesNo
Deductible$0$0$0$0$0


Accidents can happen while you’re at the office or working at a client’s work space. Those who sustained bodily injuries or property damage can hold you responsible. Because of this, it’s smart to get general liability insurance.

General liability insurance covers medical treatments, reimbursements, settlements, and court judgments if third parties file a claim for bodily injuries or property damage. Use the table above to see which insurance company offers the best general liability insurance for IT contractors.


In What Situations Can You Use General Liability Insurance?

General liability insurance for IT contractors can take care of these expenses when you find yourself in situations, such as:

  • You were working on the client’s office and stress testing a software, which is connected to a server. The server got fried during the process and sustained damage. The client demands compensation for replacement or repair expenses.

  • A client visited you for a meeting. The client injured her foot while opening the door and demands compensation for treating her avulsion


Will Clients Require General Liability Insurance Before Hiring Me?

Yes. Some clients will require you to get $1 million-$2 million general liability coverage to get hired for a project. Here are some likely instances where this can happen:

  • You want to work as one of the contractors for a data center project

  • The client wants you to temporarily report in their company’s workplace

  • The project requires the client to leave some of their company’s computers and other IT-related devices in your care


Do IT Contractors Have Other Uses for General Liability Insurance?

Covering claims for bodily injuries or property damage isn’t the only function of general liability insurance for IT contractors. These add-ons are included in the policy that covers other common commercial exposures:

  • Rented premises liability coverage-Reimburses the value of a rented office space that got destroyed by fire

  • Advertising injury coverage-Takes care of legal expenses and court judgments if third parties sue you for misusing trademarks, copying a software’s design and function, and committing slander or libel.

  • Products and completed operations coverage-Covers the expenses for legal defense and product recall if an output you submitted has significant issues


What Policy Works The Same Way as General Liability Insurance?

IT contractor public liability insurance works the same way as general liability insurance. To be specific, this will also cater to the costs if third parties hold you liable for bodily injuries or property damage. Insurance companies in the UK that cover IT contractors in the US are the ones that usually sell this.


Cyber Liability Insurance for IT Contractors

Being an IT specialist doesn't necessarily make you immune to cyber criminals. As such, you want to stay proactive in protecting yourself and your clients, especially in today's IT landscape, where the average cyber criminal is not only sophisticated but also unyielding.

Having cyber liability insurance protects you from the consequences of cyber exposures, such as ransomware, malware, man-in-the-middle attacks, denial-of-service attacks, phishing, data breach, and others.


What Costs Does Cyber Liability Insurance for IT Contractors Cover?

This policy covers the cost of the following:

  • Data recovery

  • Data breach investigations

  • Cyber extortion resolution, including ransoms

  • Notification of affected customers

  • Professional services for containing the cyber exposure

  • Business interruption


Will Cyber Liability Insurance Help You Recover Losses if ElectroNeek, DNS Filter, Tadabase, GermainUX, and Other Software Get Lost or Corrupted After a Cyber Exposure?

Similar to the cyber liability policy of app developer insurance packages, the cyber liability policy of IT contractor insurance packages comes with an electronic data loss endorsement. And so, it will help recover the value of software for work that gets lost or damaged after a covered peril happens.

Compare Cheap IT Contractor Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

Commercial Property Insurance for IT Contractors


CoverWalletNEXT (Best)ThimbleHiscox
Building coverage limit (minimum)$50,000$280,000$25,000/$500,000$25,000
Contents coverage limit (minimum)$50,000$18,000$25,000/$500,000$25,000
Outdoor signsExcluded$2,500ExcludedExcluded
Accounts receivable ExcludedExcluded$5,000/$10,000Included
Money and securitiesExcluded$2,500$1,000Included
Lock and keys Excluded$2,500ExcludedExcluded
Business interruption floaterExcludedIncludedIncludedIncluded
Equipment breakdown floaterExcludedIncludedExcludedExcluded
Inland marine insurance floaterExcludedExcluded$10,000Excluded
Employee dishonesty floaterExcluded$5,000$2,500Included


You need an office as an IT contractor. This can be an owned or rented location situated in a stand-alone commercial building, a condominium, or coworking space. 

The investment for an office computer, furniture, appliances, and other necessities isn’t cheap. And so, it’s smart to get commercial property insurance. Use the table above to see which insurance company offers the best commercial property insurance for IT contractors.  


How Does Commercial Property Insurance Protect IT Contractors?

Commercial property insurance, which is also included in website design insurance packages, protects IT contractors like you by recovering the replacement cost or actual cash value of the office if it gets destroyed or damaged by:

  • Fire

  • Theft

  • Vandalism

  • Civil commotion

  • Riot

  • Sinkhole collapse

  • Volcanic action

  • Lightning

  • Weather

  • Impact

  • Falling objects

  • Aircraft

  • Vehicle

  • Sprinkler leakage


How About My Property Inside The Office? Are They Covered?

Yes. Taking care of costs if something happens to the office is just one of the functions of commercial property insurance. You can also use this policy to get a reimbursement for the value of computers, security cameras, furniture, appliances, power generators, tablets, printers, fax machines, and photocopiers that got damaged or destroyed due to a covered peril. 


Does Commercial Property Insurance Cover Software and Electronic Documents?

No. Commercial property insurance only covers tangible business properties. Software and electronic documents are considered as intangible business properties. Therefore, the coverage of commercial property insurance doesn’t apply if these get lost or damaged. 


My Office as an IT Contractor is at Home. Am I Still Eligible for Commercial Property Insurance?

Yes. Commercial property insurance can cover your home office and even the house itself without any conflicts with your existing homeowner’s insurance. 


Business Owner’s Policy for IT Contractors 


CoverWalletThimble NEXT (Best)HiscoxProgressive
General liability aggregate limit $2,000,000$1,000,000/$2,000,000$1,000,000/$2,000,000$300,000/$2,000,000$1,000,000/$2,000,000
Commercial property coverage limit $50,000$25,000/$500,000$280,000$25,000$25,000
Optional policies can be added?YesYesYesYesYes
Name additional insureds for free?YesYesYesYesYes
BOP discount?YesYesYesYesYes


Not all IT contractors have the budget for insurance. This is why insurance companies offer a business owner’s policy as a cost-effective protection against liabilities and commercial losses. Use the table above to see which insurance company offers the best business owner’s policy for IT contractors. 


How Does a Business Owner’s Policy Work?

A business owner’s policy, also a common inclusion in IT consultant insurance bundles,  works as a two insurance product-in-one. To be clear, this functions as a general liability and commercial property policy at the same time. You can use a business owner’s policy to:

  • Cover claims for bodily injuries, property damage, copyright infringement, slander, and libel

  • Recover losses if tangible business property is damaged or destroyed by fire, theft, vandalism, and other covered perils


Why Does a Business Owner’s Policy Help You Save Money?

A business owner’s policy helps IT contractors save money because its cost is cheaper than buying general liability and commercial property insurance as separate policies. Insurance companies offer a 10% discount on their BOP premiums. 


Tools and Equipment Insurance for IT Contractors  


NEXT (Best)ThimbleHiscox
Aggregate limit$5,000/$10,000$2,500/$5,000$5,000/$25,000
Covers hired and borrowed equipment?$5,000/$10,000$2,500/$5,000No
Miscellaneous equipment also covered?$5,000/$10,000NoNo
Offered as an endorsement to general liability insurance?YesYesYes
Deductible$500$500$0


Tools and equipment insurance is a coverage exclusive to the desktop computers, laptop computers, server computers, and other devices you use to finish projects. Use the table above to see which insurance company offers the best tools and equipment insurance for IT contractors. 


How Does Tools and Equipment Insurance Work?

Tools and equipment insurance will cover the cost for repairs or replacements if the devices you use as an IT contractor gets damaged or destroyed because of:

  • Fire

  • Theft

  • Vandalism

  • Electrical surge

  • Electrical breakdown

  • Mechanical breakdown

  • Impact

  • Water damage


Are Leased or Rented Equipment Covered?

Some insurance companies allow their tools and equipment insurance for IT contractors to cover borrowed, rented, or leased equipment. Others, on the other hand, aren’t as generous. 


How Much Coverage Can You Get From Tools and Equipment Insurance?

When availed as an optional policy to commercial property or general liability insurance, tools and equipment insurance provides $15,000-$50,000 coverage. Tools and equipment insurance that’s underwritten as a stand-alone policy provides up to more than $1 million coverage. 


Business Interruption Insurance for IT Contractors 

Suppose an unexpected event results in your office space being unusable. And what if a fire breaks out and your monitors, hard drives, laptops, and other equipment you need to get your work done are set ablaze?

If you have a business interruption policy in place, you will be up and running as soon as possible.

Suppose you need to relocate, the policy will be able to cover all your moving costs and the rent you'd be required to pay. Further, if you were forced to lease more equipment, the policy will pay for that too. Finally, if you were unable to get back up and running, it will also cover the lost income.


How Long Does Business Interruption Insurance for IT Contractors Last?

Business interruption insurance for IT contractors lasts for 30 days. You can extend the duration of the policy up to 360 days with an endorsement. 


Does Business Interruption Insurance Cover War and Terrorism?

No. Insurance companies don’t design their business interruption policy to cover war and terrorism. However, endorsements can be introduced to cover these exposures.


Workers' Compensation Insurance for IT Contractors

Include a workers' compensation insurance policy in your IT contractor insurance bundle if you work with one or more part-time and full-time employees. 

Your business mainly works with computers and other IT-related devices. Nonetheless, this doesn’t stop your employees from experiencing hearing loss, headaches, muscle pains, and repetitive strain injuries. 

Workers' compensation insurance sees to it that you don’t bear the financial losses when granting compensation to an employee who sustained work-related injuries or diseases. 

This insurance will cover medical treatments, hospitalization, medication, rehabilitation, lost wages, and death benefits on your behalf. 


Umbrella Liability Insurance for IT Contractors

Umbrella liability insurance will take care of situations where your existing general liability or professional liability insurance is near its limits or is fully exhausted. In case, the general liability or professional liability policy can’t fully cover a claim, umbrella liability insurance will cover the remaining amounts on your behalf.

Rank and Review Insurance Companies

Help others make better decisions

Show more

IT Contractor Insurance Cost 


Cost per MonthCost per YearDeductible
General liability insurance$42$504$0-$500
Professional liability insurance$80$960$0-$500
Commercial property insurance$50$600$1,000-$2,500
Business owner’s policy$90$1,080$500-$1,000
Workers compensation insurance$55$660$2,000-$5,000
Cyber liability insurance$115$1,380$500-$1,000
Umbrella liability insurance$45$540$1,000-$2,500
Tools and equipment insuranceDepends on the value of tools and equipment to be coveredDepends on the value of tools and equipment to be covered$500-$1,000


The average IT contractor insurance cost is $42 per month or $504 per year for a $1 million general liability policy.  There are a number of factors that determine how much you pay. These include:

  • Your insurance coverage needs- Basically, the type of coverage you require and the policy limits you choose affect your premiums. If you were to go with higher coverage amounts, you'd typically have to pay higher insurance claims

  • Claims history- More often than not, the insurer will review your prior business claims history to determine how much they charge your insurance costs

  • Business location

  • Size of the payroll

 

Fortunately, you can save on IT contractor insurance by following a few tips. These include:

  • Comparing business insurance quotes–Evidently, not all IT contractor insurance providers price their policies the same. This could be advantageous to you as you can compare the different business insurance quotes from multiple insurers to find the best possible offer for you

  • Bundling up different policies- A great tip to help you save on your IT contractor insurance costs is to bundle two or more policies together. An example would be to bundle your general liability and commercial property policies together into a business owners policy (BOP)

  • Implement stricter safety protocols-Most providers will offer discounts and thus reduced premiums if you were to stay for a particular period without filing a claim. As such, you want to implement a strict safety program at your IT contracting business

  • Settle premiums in full-You are viable for a discount if you can pay your premiums for the whole year instead of making monthly payments

 

Here’s another table showing how much the recommended carriers charge IT contractors for a $1 million general liability insurance:


Cost per MonthCost per YearBest for
NEXT$25$300Best overall; Fastest general liability insurance for IT contractors
CoverWallet$27$324IT contractor insurance quotes comparison online
Tivly$29$348Comparing IT contractor insurance quotes over the phone
Hiscox$34.65$415.80IT contractors looking for a coverage with automatic renewal
Thimble$32$384Temporary coverage
Progressive$35.17$422.04Flexible payments
State Farm$40.80$489.60Liability insurance for small IT contractors

Compare Cheap IT Contractor Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

Best IT Contractor Insurance Companies

To reiterate, IT contractor insurance is a must-have, especially in today's IT landscape, where IT contractors are susceptible to threat actors. You've got to work with the best IT contractor insurance companies to secure the best coverage.

We've compiled a list of the best companies available. Read some of the reviews below to know their pros, cons, and cost of a $1 million general liability policy.


NEXT IT Contractor Insurance

Pros

  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest general liability insurance for IT contractors

  • Great customer service and reputation

  • Excellent rates

  • Outstanding value for money

  • Get a 10% discount if you buy two or more policies

Cons

  • Couldn’t find any 

NEXT has established itself as a one-stop shop for small IT contractors looking for quick coverage. This company doesn’t have an IT contractor insurance package. However, you can avail this company’s computer and information systems management insurance program which offers the following:

  • $1 million general liability insurance

  • $1 million professional liability insurance

  • $280,000 commercial property insurance

  • Workers compensation insurance 

The contractor policy allows you to name sub-contractors as additional insureds. The prerequisite is to have these subcontractors have the right licenses or credentials. 

Best for: Best overall; Fastest general liability insurance for IT contractors 

Average cost: $25 per month 

Our rating: 10/10 


CoverWallet IT Contractor Insurance

Pros

  • Compare IT contractor insurance quotes online

  • Easy online policy management

  • Add additional insureds during or after you bought your policy

  • Cancel your coverage anytime with no additional charges

Cons

  • Not an insurance company but an insurance broker 

CoverWallet grants coverage for IT contractors by compiling the quotes of different insurance companies. You can compare these through CoverWallet’s online quotes comparison platform. Your IT contractor insurance package from CoverWallet will consist of the following:

  • $1 million-$2 million general liability insurance that can be bundled with commercial property insurance in a BOP 

  • $1 million professional liability insurance

  • $50,000 commercial property insurance

  • Cyber liability insurance

  • Workers compensation insurance


Best for: IT contractor insurance quotes comparison online

Average cost: $27 per month

Our rating: 10/10


Tivly IT Contractor Insurance

Pros

  • Responsive customer service

  • Compare IT contractor insurance quotes over the phone

  • A partner of many reputable insurance companies 

  • BBB accredited 

Cons

  • You need to call to get a quote 

Some companies that’s part of this list might refer you to Tivly (formerly CommercialInsurance.NET) if they can’t provide coverage. Tivly specializes in creating a tailored package that suits your unique needs. To get covered, you need to call a Tivly representative who will curate the most useful policies and bundle them on your behalf. 

Best for: Comparing IT contractor insurance quotes over the phone

Average cost: $29 per month

Our rating: 10/10


Hiscox IT Contractor Insurance

Pros

  • A team of dedicated claims representatives are available

  • Customization options available

  • Umbrella coverage through CyberPolicy is offered

  • Prospective policyholders can get a quote and purchase coverage online

  • Help is available from licensed insurance agents over the phone

  • Excellent financial strength

Cons 

  • A higher number of customer complaints than expected 

Hiscox prides itself in offering IT contractors tailor-made policies that suit any IT professional. In just minutes, prospective policyholders can get an online quote. Hiscox’s tailored coverage features the following policies:

  • $300,000-$2 million general liability insurance you can bundle with a $25,000 commercial property insurance in a BOP

  • $1,000,000 professional liability insurance

  • $250,000 cyber liability insurance 

 

Best for:  IT contractors looking for a coverage with automatic renewal

Average cost: $34.65 per month 

Our rating: 8/10


Thimble IT Contractor Insurance

Pros 

  • Insurance policies available by the hour, day, or month

  • Scalable plan model

  • Fast and efficient quote process

  • High-quality mobile app

  • Ability to pause coverage

  • Instant certificate of insurance

Cons 

  • You can’t reach customer service by calling 

If you are an IT contractor in need of long-term or short-term coverage, then Thimble is the provider for you.

Thimble covers IT contractors through its IT project management insurance program that offers the following:

  • $1 million-$2 million general liability insurance with customer property, business equipment, and cyber liability endorsement

  • $1 million-$2 million professional liability insurance

  • $25,000-$500,000 commercial property insurance

  • Workers compensation insurance

 

Best for: Temporary coverage

Average cost: $32 per month

Our rating: 8/10 


Progressive IT Contractor Insurance

Pros 

  • Great rates

  • Excellent financial stability

  • Fast, easy quotes 

  • A variety of discounts

  • 24/7 customer service

  • Flexible payment plans

Cons 

  • IT contractor insurance is offered through a third party

Progressive Commercial offers IT contractors an insurance package through Progressive Advantage Business Program. A policyholder has a pool of experts who then help you customize your IT contractor policy based on your business needs and budget. The basic coverage will include the following:

  • General liability insurance

  • Commercial auto coverage

  • Professional liability insurance

You can add on:

  • Business owners policy (BOP)

  • Workers Compensation Policy

 

Best for: Flexible payments

Average cost: $35.17 per month 

Our rating: 7/10


State Farm IT Contractor Insurance

Pros 

  • The BOP offered by State Farm leaves room to add professional liability insurance for comprehensive IT contractor insurance.

  • Agents are available in all 50 states.

  • Customizable insurance policies

Cons 

  • Limited online capabilities

  • Prospective policyholders can't get a quote or purchase the policy online

  • Quality of service depends on the individual agents

State Farm has been in business since 1935 and has since made a name for itself by providing comprehensive insurance to small IT contractors. This liability package will include standard general liability coverage for contractors at an affordable rate. Other policies you can get are:

  • Workers' compensation policy

  • Commercial auto coverage

  • A business service bond

  • Commercial umbrella coverage


Best for: Liability insurance for small IT contractors

Average cost: $40.80 per month 

Our rating: 7/10


Recent Reviews

Recent Posts