Insurance Noodle has announced a new, blended package of commercial insurance coverage designed to provide essential coverage to technology professions, including programmers, web developers, software designers, mobile app developers, IT consultants, and IT staffing firms.
The centerpiece of the package is cyber liability coverage, which can be integrated into Business Owner’s Policies (BOPs) as well as General Liability and Professional Liability policies. Each coverage may be purchased separately or bundled as a package.
"Insurance coverage tailored to the technology sector is increasingly important as risks evolve at warp speed," said Ted Devine, Insurance Noodle CEO. "Insurance Noodle now offers small IT businesses total protection, including Errors and Omissions, Cyber Liability, and Intellectual Property policies." He added that the new products are invaluable to agents looking to find adequate coverage for IT professional clients.
The computer systems design and related services industry is one of the fastest-growing employment sectors in the United States. Insurance Noodle’s new integrated technology facility capabilities, made possible by an expansion of the company’s portfolio to include two more carriers rated "A" by A.M. Best, enable its agents to better serve this sector.
That service is crucial: while most tech businesses recognize that cyber liability is one of the greatest threats they face, the majority of businesses remain uninsured. This is partly because many IT professionals work as freelancers or contractors and may not realize that they are at risk. The cyber products Insurance Noodle has added will enable businesses to recover quickly after a hack or data loss, rather than shutting their doors.
"Going without the right insurance is a risk no small business has to take," said Ralph Blust, President of Insurance Noodle. "We lead the small technology business segment in providing solutions to agents for their clients, with speed and expertise that no other market access provider can match."
Solutions are delivered via Insurance Noodle’s proprietary quoting platform, which returns multiple real quotes to the agent through a single integrated application.