How Much Is Insurance For An IT Company In Canada?
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Whether you are wondering how much is insurance for an IT company in Canada or looking for insurance for an IT consultant you came to the right place. The experienced commercial insurance brokers at the Canadian insurance brokerage ALIGNED Insurance have helped numerous others secure the best insurance for their IT company . Regardless of your size, services and scope of operations most people’s first question is how much is insurance for an IT company in Canada or how much is insurance for an IT consultant? Unfortunately there is no simple answer to this question as every organization is different and determining how much is insurance for an IT company in Canada is dependent on many variables like the following:
- Projected annual revenue
- Project annual payroll
- Amount of work subcontracted to others
- Type of services and support offered
- Education and experience of the team
- Industries your clients are in
- Type of coverage purchased
Other Factors That Impact How Much Is Insurance For An IT Company In Canada
In addition to the above factors the type of insurance coverage that an IT company buys has a big impact on the answer to how much is insurance for an IT company in Canada. Insurance for an IT consultant or IT company is really just a number of separate insurance products that have been specially crafted together to address many common areas of risk for IT consultants and IT companies. Most commonly insurance for an IT consultant or IT company includes some or all of the following:
- Professional Liability & Errors and Omission Insurance
- Commercial General Liability Insurance
- Cyber, Data, Privacy Breach
- Commercial Property Insurance
- Employee Theft Insurance For 1st & 3rd Party Property & Data
Ultimately How Much Is Insurance For An IT Company In Canada?
Per the above pricing for insurance for an IT consultant or IT company can differ dramatically, but most packages start around $1,000 per year and our average IT Company’s annual premium is between $2,500 to $5,000.
To Discuss How Much Is Insurance For An IT Company In Canada? Or To Get Insurance For An IT Company In Canada Connect With One Of Our Canadian Business Insurance Brokers Today at 1-866-287-0448
|ALIGNED Across Canada 100% Canadian owned, ALIGNED is a premiere insurance brokerage that serves more than 1,400 clients across the country. ALIGNED’s offices in Toronto, Calgary and Vancouver are supported by a national operations centre in Waterloo, Ontario. Uniquely within the industry, ALIGNED creates, negotiates and delivers the best business insurance and risk management strategies/solutions to organizations like yours.|
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