Telecommunications Insurance: Cost & Quotes From $40/mo

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That smartphone you bought from the mobile phone shop is useless without telecom providers.  Telecom companies install and maintain the towers providing cellular signal people use to surf the internet, use mobile applications, and contact peers by texting or calling.  

Consider insuring your telecom company. Telecommunications insurance offers a safety net, covering various aspects of your operations. This article explores the key insurance policies for telecommunications companies and highlights the top insurance providers in the industry.

General Liability Insurance for Telecommunications Companies

CoverWallet  NEXT (Best) Thimble  Hiscox The Hartford
Per occurrence limit  $1,000,000 $500,000/$1,000,000 $1,000,000/$2,000,000 $300,000/$2,000,000 $1,000,000
Aggregate limit  $2,000,000 $1,000,000/$2,000,000 $1,000,000/$2,000,000 $300,000/$2,000,000 $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? Yes No Included Can be included No
Hired/non-owned auto liability coverage included? Yes No Excluded Can be included No
Equipment breakdown floater included? No  Yes Yes Can be included Yes
Can you get a certificate of insurance online? Yes Yes Yes Yes Yes
Name additional insureds? Yes Yes Yes Yes Yes
Deductible $0 $0 $0 $0 $0


Telecommunications companies operate in a dynamic and fast-paced industry, facing various risks and potential liabilities. That’s why having general liability insurance is essential for protecting your business. This policy covers third-party bodily injury, property damage, and advertising or personal injury claims. General liability insurance typically offers coverage limits ranging from $1 million to $5 million, depending on your specific needs and the size of your business.


Specific Situations Covered

  • Accidental bodily injury to a third party at your premises or job site

  • Damage caused to a client’s property during installation, repair, or maintenance work

  • Personal injury claims arising from libel, slander, or copyright infringement

  • Advertising injury claims related to false advertising or copyright violations

Add-Ons to General Liability Insurance for Telecommunications Companies

  • Product liability insurance–Provides coverage for claims arising from defective products or equipment your telecommunications company sells or distributes

  • Cyber liability insurance–Protects against data breaches, cyberattacks, and other technology-related risks, which are prevalent in the telecommunications industry

Does General Liability Insurance Cover Accidents Involving My Employees?

General liability insurance covers accidents involving third parties, including clients and customers. Suppose an accident occurs on your premises or during work at a client’s location resulting in bodily injury or property damage to a third party. In that case, your general liability insurance can help cover the associated costs.


Professional Liability Insurance for Telecommunications Companies

CoverWallet  NEXT  Thimble (Best) Hiscox The Hartford
Per occurrence limit  $1,000,000 $1,000,000 $1,000,000/$2,000,000 $1,000,000 $1,000,000
Aggregate limit  $2,000,000 $2,000,000 $1,000,000/$2,000,000 $2,000,000 $2,000,000
Name additional insureds? Yes Yes Yes Yes Yes
Waiver of subrogation included? Yes No Yes Yes No
License defense coverage included? No No No No Can be included


Professional liability insurance will protect you if third parties file a claim for negligence, breach of contract, breach of confidentiality, inaccurate advice, and other related offenses. This insurance will help pay for lawyer fees, settlements, and judgments. You purchase professional liability insurance as a claims-made or occurrence policy. 


Product Liability Insurance for Telecommunications Companies

As a telecommunications company, you may develop, manufacture, or distribute products and equipment. Product liability insurance protects you against claims arising from damages or injuries caused by your products. Coverage options range from $1 million to $10 million or more.


Specific Situations Covered

  • Injury or property damage caused by a defective product your company produced or sold

  • Accidents resulting from improper installation or maintenance of telecommunications equipment

  • Claims arising from design defects or manufacturing errors in your products

Do I Need Product Liability Insurance if I Only Distribute Products Others Manufacture?

Yes, even if you solely distribute products manufactured by others, you can still be held responsible for damages or injuries caused by those products. Product liability insurance covers claims related to the products you distribute, regardless of whether you manufactured them. 

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Commercial Property Insurance for Telecommunications Companies

CoverWallet NEXT (Best) Thimble Hiscox The Hartford
Building coverage limit (minimum) $50,000 $25,000 $25,000/$500,000 $25,000 $60,000
Contents coverage limit (minimum) $50,000 $25,000 $25,000/$500,000 $15,000 $60,000
Outdoor signs Excluded $2,500 Excluded Included Excluded
Accounts receivable  Excluded Excluded $5,000/$10,000 Included Excluded
Money and securities Excluded $2,500 $1,000 Included Excluded
Lock and keys  Excluded $2,500 Excluded Included Excluded
Business interruption floater Excluded Included Included Included Excluded
Equipment breakdown floater Excluded Included Excluded Included Excluded
Inland marine insurance floater Excluded Excluded $10,000 Excluded Excluded
Employee dishonesty floater Excluded $5,000 $2,500 Excluded Excluded


Telecommunications companies rely on various physical assets, including office buildings, data centers, equipment, and inventory. This telecom insurance safeguards these valuable assets from risks such as fire, theft, vandalism, and natural disasters.

The coverage limits for commercial property insurance are based on the value of your property and the level of protection required. It typically includes the insured property’s replacement cost or actual cash value.


Specific Situations Covered

  • Damage to your office building or warehouse due to a fire, storm, or other covered perils

  • Theft or vandalism of telecommunications equipment, tools, or inventory

  • Business interruption losses caused by property damage, leading to a temporary shutdown of your operations

Add-Ons to Commercial Property Insurance for Telecommunications Companies

  • Equipment breakdown insurance–Covers the cost of repairing or replacing damaged or malfunctioning equipment, such as servers, routers, or phone systems

  • Flood insurance–Protects against losses caused by flooding, which is not typically covered by standard commercial property insurance policies

Business Owner’s Policy for Telecommunications Companies

CoverWallet NEXT (Best) Hiscox Thimble  The Hartford
General liability aggregate limit  $2,000,000 $500,000/$2,000,000 $300,000/$2,000,000 $1,000,000/$2,000,000 $1,000,000/$2,000,000
Commercial property coverage limit  $50,000 $25,000 $25,000 $25,000/$500,000 $75,000
Optional policies can be added? Yes Yes Yes Yes Yes
Name additional insureds for free? Yes Yes Yes Yes Yes
BOP discount? Yes Yes Yes Yes Yes


A (BOP) combines general liability insurance and commercial property insurance into a comprehensive package tailored to the needs of small to mid-sized telecommunications companies. 

This policy offers convenience, cost savings, and broad coverage for common risks. The coverage limits of a business owner’s policy depend on the specific policy and coverage options selected. It typically includes general liability coverage from $1 million to $5 million and property coverage based on the value of your assets.


Specific Situations Covered

  • Third-party bodily injury or property damage claims, including slip-and-fall accidents at your premises

  • Damage to your office building, equipment, or inventory caused by covered perils

  • Product liability claims resulting from the sale or distribution of defective products

Add-Ons to Business Owner’s Policy for Telecommunications Companies

  • Accounts receivable insurance–This add-on covers the loss of accounts receivable due to physical damage or destruction

  • Business income extension for dependent properties–This add-on extends the coverage of your business owner’s policy to include loss of income resulting from disruptions at the premises of your key suppliers, distributors, or customers. It helps protect your business from financial losses caused by its dependency on external entities

What is the Advantage of Bundling General Liability and Property Insurance in a Business Owner’s Policy?

The bundling offers convenience and potential cost savings. By combining these coverages into a single policy, you can simplify your insurance management, benefit from premium discounts, and ensure comprehensive protection for your business. 


View of communications tower against cloudy sky


Tools and Equipment Insurance for Telecommunications Companies

NEXT (Best) Thimble Hiscox The Hartford
Aggregate limit $3,000/$10,000 $2,500/$5,000 $15,000/$25,000 $5,000-$10,000
Covers hired and borrowed equipment? $3,000/$10,000 $2,500/$5,000 No Yes
Miscellaneous equipment also covered? $5,000/$10,000 No Yes Yes
Offered as an endorsement to general liability insurance? Yes Yes Yes Yes
Deductible $500 $500 $0 $0


Telecommunications companies rely heavily on specialized tools, equipment, and technology to operate efficiently. Tools and equipment insurance covers these essential items’ repair, replacement, or loss.


Specific Situations Covered

  • Accidental damage to tools and equipment during installation, repair, or maintenance work

  • Theft or loss of telecommunications tools or equipment from your premises, job sites, or vehicles

  • Damage caused by fire, vandalism, or other covered perils

Add-Ons to Tools and Equipment Insurance for Telecommunications Companies

  • Inland marine insurance–Provides coverage for equipment and tools while in transit or temporarily stored at locations away from your primary premises

  • Worldwide coverage–If your telecommunications business operates internationally or requires equipment to be used outside of your country, consider adding worldwide coverage to protect your tools and equipment wherever they are used

Can Tools and Equipment Insurance Cover the Loss of a Mobile Device or Laptop Used for Telecommunications Services?

Yes, tools and equipment insurance can cover the loss of mobile devices, laptops, or other equipment used for telecommunications services. It’s essential to review your telecom insurance policy and discuss specific coverage details with your insurance provider to ensure your valuable electronic devices are adequately protected. 


Commercial Auto Insurance for Telecommunications Companies

Telecommunications companies rely on a fleet of vehicles to provide services, transport equipment, and reach customer locations. Commercial auto insurance protects your business against liabilities arising from company-owned vehicle accidents.

The coverage limits for commercial auto insurance depend on the state requirements, your business’s specific needs, and the value of your vehicles. Standard coverage limits range from $250,000 to $1 million per accident.


Specific Situations Covered

  • Bodily injury or property damage caused by an accident involving your company-owned vehicles

  • Medical expenses for injuries your employees or other parties sustained in a covered accident

  • Damage caused by uninsured or underinsured motorists

Components of Commercial Auto Insurance for Telecommunications Companies

  • Liability coverage–Protects against claims for bodily injury and property damage caused by your company-owned vehicles

  • Collision coverage–This covers the cost of repairs or replacement if your vehicles are damaged in a collision, regardless of fault

  • Comprehensive coverage–Covers vehicle damage due to fire, theft, vandalism, and other covered perils

  • Uninsured/underinsured motorist coverage–Covers damages if you are involved in an accident with an uninsured or underinsured driver

Add-Ons to Commercial Auto Insurance for Telecommunications Companies

  • Hired and non-owned auto coverage–This add-on extends coverage to vehicles your company rents or hires and vehicles owned by employees for business purposes. It helps protect your company against liability claims and property damage arising from accidents involving these vehicles

  • Rental reimbursement coverage–Adding this endorsement helps cover the cost of renting a replacement vehicle if one of your company vehicles is damaged or out of service due to a covered loss. It ensures your business operations can continue smoothly, even during vehicle repairs

  • Roadside assistance coverage–This add-on provides assistance and support in case of breakdowns, flat tires, or other roadside emergencies. It offers towing, fuel delivery, battery jump-starts, and lockout assistance for your company vehicles

Can I Cover Personal Vehicles Used for Business Purposes Under Commercial Auto Insurance?

Commercial auto insurance generally covers vehicles owned or leased by your telecommunications company. Personal vehicles used for business purposes may require a separate policy or endorsement, depending on the insurer and the specific circumstances. Discussing your coverage needs with your telecommunications insurance provider to ensure adequate protection is important. 


Workers Compensation Insurance for Telecommunications Companies

Workers compensation insurance for telecommunications companies covers medical expenses, lost wages, and rehabilitation costs for employees who sustain work-related injuries or illnesses. In the telecommunications industry, where employees may face physical risks or exposure to hazardous conditions, this coverage is crucial.


Add-Ons to Workers Compensation Insurance for Telecommunications Companies

  • Medical provider network (MPN)–An MPN is a network of healthcare providers authorized by the insurance company to treat injured employees. By utilizing an MPN, you can ensure that your employees have access to quality medical care from approved providers, which can help facilitate timely and effective treatment

  • Legal expense coverage–This coverage helps protect your business by providing legal defense and coverage for legal expenses in case of a dispute or lawsuit related to workers’ compensation claims. It can help cover attorney fees, court costs, and settlement or judgment amounts

What Should I Do if an Employee is Injured on the Job?

If an employee is injured on the job, it’s important to take immediate action to ensure their well-being and comply with necessary protocols. Provide immediate medical assistance, secure the area, and gather information about the incident. 

Notify the employee’s supervisor or manager promptly and complete an incident report, documenting all relevant details. Contact your telecom insurance provider to report the injury and initiate the claims process. 


Cyber Liability Insurance for Telecommunications Companies

Cyber liability insurance grants protection if a security error or cyber-attack results in a data breach. This policy covers the cost of lawsuits that affected customers file. You can also use this to pay for customer notification, data ransom, and data recovery. Some insurance companies offer cyber liability insurance as an add-on to general liability insurance. 

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Telecommunications Insurance Cost

Cost per Month Cost per Year Deductible
General liability insurance $40 $480 $0-$500
Professional liability insurance $56 $672 $500-$1,000
Cyber liability insurance $80 $960 $1,000-$2,000
Commercial property insurance $78 $936 $1,000-$2,000
Business owner’s policy $107 $1,284 $1,500
Tools and equipment insurance $43 $516 $500-$1,000
Commercial auto insurance $58 $696 $500-$1,000
Workers compensation insurance $94 $1,128 $2,500-$5,000


The average telecommunications insurance cost is $40 per month or $480 per year for a $1 million general liability policy. Factors that affect premiums are claims history, business history, policy limits, deductibles, and number of employees. Here’s a table showing the cost of a $1 million general liability coverage from the best telecommunications insurance companies:

  • Type of coverage–The specific type of insurance coverage you need, such as general liability insurance, product liability insurance, commercial property insurance, business owner’s policy, tools and equipment insurance, commercial auto insurance, or workers’ compensation insurance

  • Size of the company–The size of your telecommunications company, including factors such as annual revenue, number of employees, and the scope of operations

  • Value of equipment and property–The value of your telecommunications equipment, property, and assets that need to be insured

  • Location–The geographical location of your business can affect insurance costs, as different regions may have varying levels of risk and insurance market conditions

  • Claims history–Your company’s past claims history, including the frequency and severity of previous insurance claims, can impact the cost of insurance premiums

  • Coverage limits and deductibles–The coverage limits and deductibles you choose for your insurance policies will affect the premium cost. Higher coverage limits and lower deductibles typically result in higher telecommunications insurance premiums

  • Industry risk factors–The inherent risks associated with the telecommunications industry, such as working at heights, exposure to electrical hazards, potential damage to equipment, and othe risks, can influence insurance costs

  • Loss control measures–The presence of effective loss control measures, such as safety protocols, risk management practices, and employee training programs, can help reduce insurance costs by mitigating potential risks

In connection, here’s a table showing the cost of a $1 million general liability policy from the best telecommunications insurance companies:

Cost per Month Cost per Year Best for
NEXT $21 $252 Businesses looking for comprehensive coverage options at affordable prices
CoverWallet $24 $288 Comparing telecommunications insurance quotes online
The Hartford $25 $300 Established telecommunications companies looking for reliable coverage and exceptional customer service
Tivly $28 $336 Comparing telecommunications insurance quotes over the phone
Thimble $30 $360 Telecommunications companies in need of short-term or project-specific coverage
Hiscox $35 $420 Telecommunications insurance with automatic renewal

Compare Cheap Telecommunications Insurance Quotes Online

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Best Telecommunications Insurance Companies

Here are the best telecommunications insurance companies. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability policy. 


NEXT Telecommunications Insurance

Pros

  • Best overall

  • Issues an online proof of insurance instantly

  • Fastest general liability insurance

  • 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 is an online insurance company established in 2016, providing comprehensive insurance options for small businesses. The company’s focus on digitalization and technology has made buying insurance simple and convenient for business owners.

Best for: Best overall; Fastest general liability insurance for telecommunications companies

Average cost: $21 per month.

Our rating: 10/10


CoverWallet Telecommunications Insurance

Pros

  • Wide range of coverage options for telecommunications companies

  • Easy-to-use online platform for managing policies and obtaining quotes

  • No hidden charges

  • Compare quotes online 

Cons

  • Not an insurance company but an insurance broker

CoverWallet is a leading digital insurance broker specializing in providing insurance solutions for small and medium-sized businesses. They offer a streamlined online platform that allows businesses to compare and purchase insurance policies from multiple carriers.

Best for: Comparing telecommunications insurance quotes online 

Average cost: $24 per month

Our rating: 10/10


The Hartford Telecommunications Insurance

Pros

  • Extensive experience and expertise in the insurance industry

  • Strong financial stability

  • Excellent customer service and claims handling

Cons

  • Limited add-ons to general liability insurance

The Hartford is a well-established insurance company with a strong reputation in the industry. They offer a range of insurance products tailored to the needs of businesses, including telecommunications companies.

Best for: Established telecommunications companies looking for reliable coverage and exceptional customer service

Average cost: $25 per month

Our rating: 10/10


Tivly Telecommunications Insurance

Pros

  • Specialized coverage designed for telecommunications companies

  • In-depth knowledge of the industry’s risks and insurance needs

  • Customizable policies to match specific business requirements

  • Takes you to partners if it can’t provide coverage

Cons

  • You need to talk to a representative to get a quote

Tivly is a specialized insurance provider offering coverage specifically for telecommunications businesses. They understand the industry’s unique risks and provide tailored solutions. Call now to compare quotes over the phone. 

Best for: Comparing telecommunications insurance quotes over the phone

Average cost: $28 per month

Our rating: 9/10


Thimble Telecommunications Insurance

Pros

  • On-demand coverage for flexible insurance needs

  • Simple and convenient online purchasing process

  • Affordable premiums with pay-as-you-go options

  • Quick policy issuance

Cons

  • You can’t reach customer service by calling

Thimble is an innovative insurance provider that offers flexible, on-demand coverage for small businesses, including telecommunications companies. They specialize in providing short-term, event-based, and project-specific insurance solutions.

Best for: Telecommunications companies in need of short-term or project-specific coverage

Average cost: $30 per month

Our rating: 9/10


Hiscox Telecommunications Insurance

Pros

  • A 14-day refund policy is in place, ensuring that customers can receive a full refund if they are unsatisfied with their purchase within that timeframe

  • Online quotes are swiftly generated within seconds of submitting a request, allowing customers to assess their insurance options quickly

  • The convenience of purchasing an insurance policy online is offered, eliminating the need for time-consuming paperwork or in-person visits

  • Policyholders who bundle two or more policies together can benefit from discounts of up to 5%, providing potential cost savings and added value

Cons

  • Some policies are sourced from partners

Hiscox is a well-known insurance company offering various insurance solutions for businesses, including telecommunications companies. With its focus on tailored coverage and industry expertise, Hiscox has become a trusted choice for many businesses.

Best for: Telecommunications insurance with automatic renewal

Average cost: $35 per month

Our rating: 9/10

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