ALL California employers must provide coverage for their California employees
Technology Business Insurance for California's Consulting, Designing and Technology Companies
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Technology Business Insurance
Businesses in the technology industry are involved in one of the most dynamic and pioneering industries in the world! Technology business insurance is so vital considering that Technology is forever changing and evolving which forces your business to constantly change with the times. With this constant evolution, not only are the current liabilities vast but new exposures pop up everywhere you turn. Let JVRC Insurance keep up with changes in your industry and provide you with the most viable and affordable Technology Insurance policies out there for your business.
Whether it’s Cyber Liability/Date Breach insurance, General Liability, Professional Liability, Umbrella Insurance, Workers Comp, Crime Coverage, or any other coverage, JVRC Insurance can provide these policies for you. JVRC Insurance is an insurance brokerage which means we are not just limited to one carrier; we can provide you with any and all programs available for the Technology Industry. In doing so we can move through the good and bad options and find the perfect policy that covers all of your necessary exposures while also providing the most competitive premium! The trick is understanding the unique risks and exposures that come with our clients and we pride ourselves on that!
See below for some classes of business we can provide Technology Insurance for …
- Computer Consulting
- Computer Repair
- Internet Marketing
- SEO/SEM Professionals
- Web Applications
- Website Design
- Cloud computing
- Software Development
- Blog Sites
- IT Staffing
- Social Networking
- Video game/Smart Phone app development
- Data process control
- And much more!
Are you a new venture looking to cover your business from its first exposures? Are you a current business interested in a new type of coverage? Or are you just wondering if your current policies are the best they can be!? Contact us today for a quote! We would love to help out in any way we can. JVRC Insurance just a click or a call away!
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Frequently Asked Questions about Business Insurance
Why is California Workers Comp Insurance so expensive?
Largely because of claims that occur, experience modifications, fraud and payroll amounts statewide
Where do we get the information we post on our blog site?
The Department of Insurance website, The WCIRB, The Insurance Journal and many other trusted sources
What is an experience modification?
It’s a percentage that compares the payroll and loss history of your company to a similar-sized company within the same industry. For example, if a company has a better than average loss record, their experience modification would be less than 100%. If that is the case you would receive a credit on your Workers Comp rates. If that is not the case however it would result in the opposite, an increase in rates. The experience modification can be closely compared to an individual’s credit score.
Why is Workers Compensation Insurance a necessary requirement?
It is illegal in the state of California to not carry it. There will be penalties, fines and many other consequences if a worker is injured and you do not carry it. Furthermore if there is a claim and you do not have California Workers Compensation Insurance at the time the employer is still liable for all costs relating to the injury which can be devastating to any company.
How does your insurance carrier determine what your experience modification number is?
This is calculated based on your payroll, premium paid and by your reported losses for the last three consecutive years
Who regulates and makes California Workers Compensation laws?
The Department of Insurance regulates the laws and the State Senate makes them
What is a Classification or a class code?
It’s a component used determine the price an employer pays for their workers’ comp insurance premium. Classifications are established for each industry and typically include all jobs or operations within a particular business.