How Much Is Business Insurance
for Web Hosting Companies?

Web and mobile app hosting companies can get insurance to protect them from the costs of property loss and lawsuits. But how much can you expect to spend on small business insurance for your web hosting company?

The short answer is: it depends. Insurance costs vary based on the size and scope of your business. Though you can get an exact estimate on your insurance costs by applying for a quote, we've put together these sample estimates to give you a ballpark figure.

HOW MUCH IS
General Liability Insurance?

How Much Does General Liability Insurance Cost?

Web hosts and other small-business owners are liable for slip-and-fall accidents on their property. Luckily, General Liability Insurance can address premises liability and more, including lawsuits over property damage (e.g. you break something at a client's office), copyright infringement, libel, and slander.

General Liability coverage for web hosts typically ranges from $425 to $429 in annual premiums.

Median Premiums, Limits and Deductibles on General Liability Insurance for Web Hosting Companies
Name USD

Median policy premium:

$425 - $429

Median policy limit:

$2 million

Median policy deductible:

None

To see how the cost of General Liability Insurance for web hosting companies 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?

A Business Owner's Policy can help eligible web hosts save money on their small business insurance by bundling General Liability and Property Insurance together at a reduced rate. General Liability coverage pays for basic third-party lawsuits, including disputes over copyright infringement, damaged property, and physical injuries. Property coverage insures your physical property against loss or damage.

BOPs usually cost $500 to $576 for web hosting companies.

Median Premiums, Limits and Deductibles on Business Owner's Policies for Web Hosting Companies
Name USD

Median policy premium:

$500 - $576

Median policy limit:

$2 million

Median policy deductible:

$250

HOW MUCH IS
E&O Insurance?

How Much Does Errors and Omissions Insurance Cost?

Errors and Omissions Insurance covers lawsuits over shortfalls in your work. While this insurance addresses disputes over contracts, delivery, and other general business risk, it can also cover specific web hosting liabilities, so long as it has Cyber Liability Insurance included. For example, if your company is sued after a DDoS attack shuts it down, E&O Insurance can cover your legal expenses. If a client sues you over a data breach or data loss, E&O coverage can cover that lawsuit, too.

E&O Insurance typically costs $700 to $1,791 for web and mobile app hosts.

Median Premiums, Limits and Deductibles on E&O Insurance for Web Hosting Companies
Name USD

Median policy premium:

$700 - $1,791

Median policy limit:

$1 million

Median policy deductible:

$2,500

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

HOW MUCH IS
Commercial Auto?

How Much Does Commercial Auto Insurance Cost?

A Commercial Auto Insurance policy protects web-hosting companies from the high cost of auto accidents. Say you're driving to meet with a client. If an uninsured driver crashes into your vehicle, Commercial Auto Insurance can cover your car's repair costs. This policy can also cover lawsuits and medical costs after you've been in an accident.

The typical app hosting company pays $1,213 to $5,207 for their Commercial Auto coverage.

Median Premiums, Limits and Deductibles on Commercial Auto Insurance for Web Hosting Companies
Name USD

Median policy premium:

$1,213 - $5,207

Median policy limit:

Varies

Median policy deductible:

None (liability only)

HOW MUCH IS
a Fidelity Bond?

How Much Do Fidelity Bonds Cost?

Fidelity Bond Insurance covers your clients' losses if one of your employees tries to steal from them or uses their data to commit identity theft. Usually, banks, investment firms, and other clients in the financial services industry will require Fidelity Bonds because they have higher standards for protecting their customers' data.

Fidelity Bonds generally cost $438 to $1,242 for web-hosting firms.

Median Premiums, Limits and Deductibles on Fidelity Bond Insurance for Web Hosting Companies
Name USD

Median policy premium:

$438 - $1,242

Median policy limit:

Varies

Median policy deductible:

$10,000

HOW MUCH IS
Umbrella Insurance?

How Much Does Umbrella Insurance Cost?

Umbrella Insurance (aka Excess Liability Insurance) steps in when certain other liability policies are maxed out and you need to draw on more coverage. Its protection is available in increments of $1 million and can be applied to General Liability, Employers' Liability (part of your Workers' Comp), and Auto Liability Insurance claims.

Umbrella Insurance rates for web hosts typically range from $404 to $808 in annual premiums.

Median Premiums, Limits and Deductibles on Umbrella Insurance for Web Hosting Companies
Name USD

Median policy premium:

$404 - $808

Median policy limit:

Varies

Median policy deductible:

None

To see how the cost of Umbrella Insurance for web hosting companies compares with other industries, visit Insureon's Umbrella Insurance Cost Analysis New browser window icon..

HOW MUCH IS
Workers' Comp?

How Much Does Workers' Compensation Insurance Cost?

Almost every state requires employers to carry Workers' Compensation Insurance (aka "Workers' Comp" or "Workman's Comp"), which pays for a work-injured employee's medical costs, rehabilitation expenses, and lost wages.

Web hosts typically pay $436 to $872 in Workers' Comp premiums.

Median Premiums, Limits and Deductibles on Workers' Comp Insurance for Web Hosting Companies
Name USD

Median policy premium:

$436 - $872

Median policy limit:

$500,000

Median policy deductible:

None

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

Get Free Insurance Quotes

Free Insurance Quotes for Web Hosts and Mobile App Hosts

To get insurance quotes from multiple top-rated providers, submit an online insurance application.

How Much Is Business Insurance
for IT Consultants?

As you begin thinking about IT Consultant Insurance, it can be helpful to have a rough cost estimate for your coverage. While the actual cost of IT insurance depends on the specifics of your business (its size, IT specialty, and location), we can provide a ballpark estimate for the typical IT consultant.

We've insured over 5,000 tech consultants, and the numbers listed below show the median cost these consultants have paid for their coverage.

HOW MUCH IS
General Liability Insurance?

How Much Does General Liability Insurance Cost?

IT consultants purchase General Liability Insurance because it protects them against many common business lawsuits. In fact, you might need this policy to sign a lease or business contract, as many third parties require it before they do business with you.

Commercial Liability coverage pays for property damage lawsuits, slip-and-fall accidents, and infringement disputes. If you damage a client's property while working at their office, a GL policy covers your legal expenses and pays damages to the client.

General Liability Insurance can range from $425 to $429 a year for the typical IT consulting firm.

Median Premiums, Limits and Deductibles on _ Insurance for IT Consultants
Name USD

Median policy premium:

$425 - $429

Median policy limit:

$2 million

Median policy deductible:

None

HOW MUCH IS
a BOP?

How Much Does a Business Owner's Policy Cost?

A Business Owner's Policy package contains two insurance policies at a discounted price. BOPs bundle General Liability Insurance (see above) and Property Insurance for small businesses, providing an effective way to get basic business coverage at an affordable price.

Property Insurance helps you repair or replace business property (technology, computers, furnishings, etc.) when it is damaged after a fire, theft, or wind storm.

The typical BOP for IT consultants costs $500 to $571 in annual insurance premiums.

Median Premiums, Limits and Deductibles on _ Insurance for IT Consultants
Name USD

Median policy premium:

$500 - $571

Median policy limit:

$2 million

Median policy deductible:

$250

HOW MUCH IS
Commercial Auto?

How Much Does Commercial Auto Insurance Cost?

The life of the consultant usually means a lot of travel. Commercial Auto Insurance is a smart investment, protecting you from the costs of auto accidents while you travel to work onsite or meet with clients.

Commercial Auto coverage costs the typical IT consultant $1,674 to $2,576 a year.

Median Premiums, Limits and Deductibles on _ Insurance for IT Consultants
Name USD

Median policy premium:

$1,674 - $2,576

Median policy limit:

Varies

Median policy deductible:

None (for liability)

HOW MUCH IS
E&O Insurance?

How Much Does Errors and Omissions Insurance Cost?

In order to sign a consulting agreement, you might need to purchase Technology Errors and Omissions Insurance / Professional Liability Insurance. Consulting E&O Insurance protects you from the cost of client lawsuits over problems with your work or IT recommendations.

Many IT consultants are worried about their cyber liability. Did you know that E&O Insurance also covers data breach lawsuits? If clients sue you over data security issues with their network, mobile apps, or IT solutions, E&O covers your legal expenses.

The typical IT consultant pays between $700 and $1,118 in annual E&O Insurance premiums.

Median Premiums, Limits and Deductibles on _ Insurance for IT Consultants
Name USD

Median policy premium:

$700 - $1,118

Median policy limit:

$1 million

Median policy deductible:

$2,500

HOW MUCH IS
a Fidelity Bond?

How Much Do Fidelity Bonds Cost?

Fidelity Bonds insure you when an employee steals money or commits fraud against a client. Clients that work in finance, banking, or investing often require their IT contractors to have this insurance. Industry regulations require these clients to make sure all their contractors have this coverage.

Say one of your employees or subcontractors uses their administrative privileges to steal data from a client and attempts to wire money from the client's bank account. A Fidelity Bond reimburses your clients for their financial loss.

If a client requires this coverage, the typical IT consultant can expect to pay $877 to $1,468 in annual premiums.

Median Premiums, Limits and Deductibles on _ Insurance for IT Consultants
Name USD

Median policy premium:

$877 - $1,468

Median policy limit:

Varies

Median policy deductible:

$10,000

HOW MUCH IS
Workers' Comp Insurance?

How Much Does Workers' Compensation Insurance Cost?

In order to meet their state requirements, IT consultants often need Workers' Compensation Insurance. If you employ anyone, you might have to purchase this coverage, which pays for employee medical costs and lost wages after a workplace injury or illness.

Small business Workers' Comp premiums usually cost IT consultants $352 to $643 in annual premiums.

Median Premiums, Limits and Deductibles on _ Insurance for IT Consultants
Name USD

Median policy premium:

$352 - $643

Median policy limit:

$1 million

Median policy deductible:

None

Our agents will make sure your coverage fulfills your state requirements, but if you'd like to learn more about your state laws see our guide to small business Worker's Comp laws.

Free Insurance Quotes for IT Consultants

Free Insurance Quotes for IT Consultants

Remember: these numbers are just cost estimates. Though they give you a good idea about the cost of your Tech Insurance coverage, you'll want to get a more accurate (and detailed) insurance quote.

For a free IT Consulting Insurance quotes, submit our online insurance application.

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