How Much Is Business Insurance
for Telecommunications / Cabling Installers and Maintenance Professionals?

Whether they're running cable from on top of a ladder, driving to a client's office, or setting up a new network, cabling and telecom professionals face risks. Mistakes, property damage, and accidents can lead to expensive lawsuits. To cover these risks, there's IT Insurance.

The cost of IT Insurance varies from business to business, but it's helpful to look at some ballpark cost estimates as you begin considering your coverage options. Below are insurance cost estimates that are based on the typical annual premiums for cabling small businesses.

HOW MUCH IS
General Liability Insurance?

How Much Does General Liability Insurance Cost?

General Liability Insurance offers vital coverage for network maintenance and installation companies because, among other things, it covers lawsuits over damage you do to client property. If you're installing new cabling and damage a client's building, GL Insurance covers your lawsuit expenses. It also covers lawsuits over personal injuries (e.g., someone trips over your cable), copyright infringement, and reputational damages.

Cabling and telecom General Liability Insurance typically costs $425 in annual premiums.

Median Premiums, Limits and Deductibles on General Liability Insurance for Telecommunications / Cabling Installers and Maintenance Professionals
Name USD

Median policy premium:

$425

Median policy limit:

$2 million

Median policy deductible:

None

To see how the cost of General Liability Insurance for telecommunications professionals compares with other industries, visit Insureon's General Liability Insurance Cost Analysis New browser window icon..

HOW MUCH IS
a Business Owner's Policy?

How Much Does a Business Owner's Policy Cost?

Telecommunications and cabling professionals can get a Business Owner's Policy (BOP), which covers their equipment and physical property and protects them from the cost of some common business lawsuits. That's because BOPs bundle General Liability Insurance (see above) and Property Insurance, offering a lower rate for small businesses. If a fire damages your equipment or a client sues you for damaging their office, a BOP covers your losses.

The typical BOP costs installation and telecom cabling companies $500 to $599 in annual premiums.

Median Premiums, Limits and Deductibles on Business Owner's Policies for Telecommunications / Cabling Installers and Maintenance Professionals
Name USD

Median policy premium:

$500 - $599

Median policy limit:

$2 million

Median policy deductible:

$250

HOW MUCH IS
Commercial Auto?

How Much Does Commercial Auto Insurance Cost?

Cabling and telecom installers frequently travel to a client's office for installations and maintenance, but what happens if they get in an accident? To cover your driving risks, you can purchase Commercial Auto Insurance, which pays for accidents, damages, and can cover your lawsuit risk.

The typical Commercial Auto Insurance for cabling and telecom companies costs $2,127 to $9,428 a year.

Median Premiums, Limits and Deductibles on Commercial Auto Insurance for Telecommunications / Cabling Installers and Maintenance Professionals
Name USD

Median policy premium:

$2,127 - $9,428

Median policy limit:

Varies

Median policy deductible:

None (liability only)

HOW MUCH IS
E & O Insurance?

How Much Does Errors and Omissions Insurance Cost?

Telecom and cabling installers have many professional risks, which can be covered with an Errors and Omissions Insurance (also called Professional Liability Insurance) policy. As the company responsible for maintaining client networks, you can be sued for data breaches, latency, outages, data loss, and other problems with your work. Say a client network goes down does during a peak sales time. You could be sued for their lost revenue.

The typical cabling and telecom E&O policy costs $700 to $1,231 in annual premiums.

Median Premiums, Limits and Deductibles on E&O Insurance for Telecommunications / Cabling Installers and Maintenance Professionals
Name USD

Median policy premium:

$700 - $1,231

Median policy limit:

$1 million

Median policy deductible:

$2,500

To see how the cost of Errors and Omissions Insurance for telecommunications professionals compares with other industries, visit Insureon's Professional Liability Insurance Cost Analysis New browser window icon..

HOW MUCH IS
a Fidelity Bond?

How Much Do Fidelity Bonds Cost?

Fidelity Bonds are insurance policies that protect your clients from losses when one of your employees steals money, property, or data from them. Fidelity Bonds are a common requirement for cable installers who work with financial service firms. If you're installing an office network for an investment firm, you might have to have a Fidelity Bond before you can begin working. If an employee uses their network access to steal money from the firm, your Fidelity Bond covers the damages.

The typical cabling and telecom installation company pays $438 to $1,287 a year for Fidelity Bond coverage.

Median Premiums, Limits and Deductibles on Fidelity Bond Insurance for Telecommunications / Cabling Installers and Maintenance Professionals
Name USD

Median policy premium:

$438 - $1,287

Median policy limit:

Varies

Median policy deductible:

$10,000

HOW MUCH IS
Workers' Comp?

How Much Does Workers' Compensation Insurance Cost?

As a telecom installation and cabling professional, you do physical work, which makes Workers' Compensation Insurance especially important for your business. This policy is usually required by law, and it covers employee medical bills and wages they lose while unable to work after a Workers' Comp illness or injury. If an employee slips off a ladder or strains their back carrying cable, this insurance can protect your from thousands in medical bills.

The typical technology company's Workers' Comp policy costs $478 to $1,034 in annual premiums.

Median Premiums, Limits and Deductibles on Workers' Comp Insurance for Telecommunications / Cabling Installers and Maintenance Professionals
Name USD

Median policy premium:

$478 - $1,034

Median policy limit:

$1 million

Median policy deductible:

None

To learn more about your state Workman's Comp requirements, check our small-business guide to Worker's Comp laws New browser window icon..

To see how the cost of Workers' Compensation Insurance for telecommunications professionals compares with other industries, visit Insureon's Workers' Compensation Insurance Cost Analysis New browser window icon..

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