TIRA 2015: Tech Industry Risk Assessment
Part 1: IT Snapshot: Who Are the Owners of Small IT Businesses?

Got a glamorous gig working for Google? That's great. Enjoy your nap pod. But you probably won't need to apply for insurance through insureon. But if you're a consultant, independent contractor, freelancer, or small-business owner in an IT field, we've got some policies for you. And even though we only serve the smallest of the nation's technology businesses, there's plenty of variety among our customers. The image below shows the most common ways our applicants describe the work they do.

Insureon Applicants' Self-Descriptions, Top 100 Terms

Word cloud.

Look familiar? This word cloud comes from the 100 most common words included in the "description of operations" section of our application. Your specialty is probably somewhere in there. And even if it's not, there's still a good chance that insureon has worked with a small business in your field.

A 5-Point Portrait of Small IT Businesses and Contractors

Illustration: Man leaning on desk.

Before we get into some of the nitty-gritty about the tech businesses that come to insureon for coverage, let's get a quick snapshot of who they are.

The typical insureon IT customer is a sole proprietor (64 percent) who works from home (75 percent). While most of our applicants have no fulltime employees, nearly a quarter (24 percent) subcontract at least some work to others. Our applicants have been working in IT for an average of 15 years and they typically bring in between $60,000 and $220,000 in revenue.

Sound like you? If not, don't worry — these are just averages (remember when the "average American" had 2.4 children?). Anyway, the really juicy stuff is what's in the next section. Read on to find out what business owners like you should be worried about when it comes to risk management — and what steps you can take to fend off the biggest threats to your security.

Next: Part 2: Seven Areas to Focus on for Better IT Security and Risk Management

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