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IT Consultants

When you start an IT consulting business in New Jersey, you’ll want to consider insurance to protect your business. Not only will it help your business if an accident or lawsuit occurs, it is required in most work contracts.


Professional Liability Insurance For IT Consultants

Professional Liability insurance for IT consultants is an important product your company can use to prepare and protect itself. Also referred to as errors and omissions insurance, it will safeguard your business if your work is directly related to a financial loss. Defense costs and settlement payments are also provided with professional liability.

This insurance for IT consultants in New Jersey will also protect you from faulty backup, coding problems, and even dissatisfied clients. Your profession is tailoring programs to client needs. A simple error or omission can have disastrous results leading to complete system failures and loss of revenue. No one can predict when accidents will occur, but you can plan for them by having insurance. With the right coverage in place,you can prevent one mistake from closing the doors to your business.

Your programming can go beyond virtual problems if your configuration overloads an electrical supply and causes a fire. Speak with a licensed professional to determine the different risks of your business and the right coverage for you.

Other Insurance Options You Will Want To Consider:


General Liability Insurance

Provides bodily injury and property damage coverage. If your equipment is damaged or stolen it can prevent you from working. General liability property coverage can help pay to fix or replace equipment.

Umbrella Liability

Working with code and integrating systems can affect an entire business operation. Having excess coverage over your underlying policies will ensure that your business continues to run smoothly.

Workers’ Compensation

If you have employees you will need workers’ compensation insurance. This product is essential to provide lost wages and medical benefits if an employee is injured on the job.

3rd Party Fidelity Crime Bond Coverage

If you have independent consultants on a client site this coverage will prevent any losses if a fraudulent act is committed. This insurance policy is usually on a work contract when acting as a contractor or subcontractor.