Why do computer repair and service businesses need insurance?
Your clients trust you with their most sensitive information and devices. Insurance for computer repair businesses can help pay for lawsuits over accidental damage, data breaches, and other risks.
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6 insurance policies every computer repair business should consider
General liability insurance
This policy protects your computer repair service from basic risks that most small businesses face. It's often required in client contracts and commercial property leases.
- Accidental customer injuries
- Accidental damage to a customer's computer
- Libel, defamation, and copyright lawsuits
Technology errors and omissions insurance
Technology E&O insurance can help pay for lawsuits over mistakes made by computer service and repair technicians. Intellectual property (IP) and media liability coverage can often be added.
- Failure to resolve a problem
- Computer repair mistakes
- Accusations of negligence
Cyber liability insurance
This policy helps your business recover from a data breach or cyberattack. It can also pay your legal costs if a client affected by a data breach sues your repair shop.
- Lawsuits from clients affected by a breach
- Notifying affected clients about a breach
- Fraud detection and monitoring
Business owner’s policy
A BOP bundles general liability insurance with commercial property insurance. Many providers offer small computer repair shops a discount if they choose this policy.
- Accidental customer injuries
- Accidental damage to a customer's computer
- Damaged business property
Workers’ comp insurance
State law usually requires that any computer repair business with employees purchase this policy. It helps pay medical costs from work injuries and illnesses.
- Medical bills from employee work injuries
- Partial wages while the employee recovers
- Lawsuits over work injuries
Fidelity bonds
A fidelity bond provides reimbursement if one of your employees steals from a client. It’s also called an employee dishonesty bond.
- Unlawful data access by a technician
- Illegal electronic funds transfer by an employee
- Other employee theft or fraud
Computer repair and service business insurance costs
Average costs come directly from policies purchased by TechInsurance customers.
General liability: $30 per month
Errors and omissions: $59 per month
View more expected costs.
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Protect against common risks
A lawsuit or data breach can devastate your computer repair business. Prevent financial losses with policies tailored for your needs.
