Whether you’re repairing hardware, managing networks or providing IT consulting, your computer services business keeps Massachusetts connected. Unfortunately, one accident (a server fire, a software installation fail, or a highway collision in a company car) can put your whole business at risk. We believe in your business and want you to have affordable insurance that meets state requirements and protects their equipment, team and income. This guide breaks down:
- Massachusetts' required coverages
- The most recommended protections
- Some typical costs of business insurance
- How to save with fast quotes from top-rated insurance carriers
QUICK SUMMARY (Because we know you're busy debugging)
- Computer services in Massachusetts face specific risks that require customized insurance coverage.
A Business Owner’s Policy for computer businesses saves you money by bundling general liability, property insurance and optional business interruption coverage.
General liability insurance for computer service providers covers injuries and damages caused by your business, as well as advertising-related claims.
- Computer service property insurance helps replace or repair damaged equipment, furnishings and inventory.
- Workers’ compensation for computer services employees is required by Massachusetts and covers staff injuries and lost wages.
- Professional liability (sometimes called errors and omissions) for computer service companies protects against claims of negligence or harm from your services.
- Commercial auto for computer businesses is required in Massachusetts if you use vehicles for business purposes.
- Cyber insurance for computer professionals covers data breaches, including regulatory fines and digital recover costs
- Working with Mylo can help you find the right coverage at the best value.
FIVE BEST INSURANCE COVERAGES FOR MASSACHUSETTS COMPUTER BUSINESSES:
Here are five essential coverages every computer services professional should consider to stay protected and profitable:
1. Business Owner's Policy for computer service providers
A business owner’s policy (BOP) is a smart starting point. It bundles key coverages into one affordable package – ideal for new or growing computer service companies.
Your BOP typically includes:
GENERAL LIABILITY FOR COMPUTER BUSINESSES covers legal and medical costs if a client is injured or their property damaged in your space or while you're performing services. It also protects you from advertising-related claims.
- A client trips over cables in your office and suffers an injury
- You accidentally damage a client's expensive office furniture
- A competitor accuses you of copying their logo or slogan
COMPUTER SERVICE PROPERTY INSURANCE
helps repair or replace your space and equipment if disaster strikes – like fire, theft, or vandalism. Examples:
- A fire damages your servers and networking equipment.
- A break-in results in stolen laptops and tools.
BUSINESS INTERRUPTION INSURANCE
Replaces lost income if you need to temporarily close your salon due to covered property damage.
Computer service professionals in Massachusetts typically pay around $80/mo for general liability insurance. Ready to see if you can save by bundling it with other important coverages in a Business Owner's Policy? CLICK HERE
2. Workers' compensation (required in Massachusetts)
If you have employees, Massachusetts requires workers’ compensation. It covers medical care and lost wages for staff injured on the job – and shields you from most employee lawsuits. Examples:
- A technician develops carpal tunnel syndrome from repetitive tasks.
- An employee trips over a server rack and suffers a fracture.
3. Professional liability for computer service providers
Also known as E&O (errors and omissions) insurance, this coverage protects you from claims of claims of negligence, mistakes or failure to deliver promised services. Examples:
- A customer claims your work damaged their computer system.
- A software installation causes system downtime for a client.
- A data migration error results in lost files.
4. Commercial auto (required in Massachusetts)
If you have company vehicles or use personal vehicles for business purposes, you must carry commercial auto insurance.
It helps pay for:
- Damage or injuries your vehicles cause to others
- Damage to your vehicles (optional physical damage coverage)
5. Cyber insurance for computer service providers
You won't be shocked to learn that Computer-related businesses are prime targets for cyberattacks. Cyber insurance helps cover breach response, regulatory fines, and recovery costs. Examples:
- Hackers steal sensitive client data from your servers.
- A ransomware attack locks your systems until a payment is made.
Get the best computer service insurance in Massachusetts
Your amazing company deserves protection that keeps up with your business. Mylo has been innovating insurance for 10 years. Because we don't sell our insurance, we can give you an objective recommendation and find you the best value in Massachusetts – at no cost to you.
In minutes Mylo will:
- Recommend the right coverage for your Massachusetts company
- Compare quotes from top-rated insurance carriers
- Find you the best combination of coverage and price
- Keep you feeling confident about growing your business!