Application Development Insurance Georgia. Application development insurance protects software developers from any mishaps that might happen while delivering a mobile or internet application to their clients. It doesn't matter whether you are developing for specific devices or every single one, application developers get tangled in a whole host of liability issues.
As the developer you are responsible for ensuring that the application provides the service exactly as described, ensuring that the customers' needs are met and building a product that is robust enough to withstand being hacked into. Application development insurance Georgia is designed specifically to keep you safe from any mishaps that might happen while you try to deliver this service.
Application development insurance Georgia protects your firm from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.
Following are some common risks that a application development insurance Georgia policy protects against.
Application development is a relatively new field however most of the issues that any other company must be insured against still apply. General Liability Insurance will likely to be on the first page of your application development insurance Georgia policy because even though your line of business won't give you much face-time with actual people, you need to be sure that on the odd day that a client does come into the office then slips and falls on wet patch, you won't be out of pocket for his medical bills.
Sometimes you're going to make a mistake. Errors and Omissions Insurance (also known as professional liability) is there to help in the case that you made a mistake in the delivery of the application or if the client insists that you made an error even when you know that you followed the terms in the contract to the letter. As a professional you expect to deliver what your clients want every time however you're still human therefore there's a good chance that you might get something wrong. Don't let a small mistake cripple your business - get the right application development insurance Georgia.
Cyber security is extremely important in the world of software and application development. Many businesses that you work with will require you to set up a payment portal for their clients which holds very sensitive information that hackers would love to get their hands on. In some cases, those hackers are successful even though you followed all of the industry-standard security protocols which means that you'll probably be sued.
Data breach lawsuits are extremely expensive to defend against and if you lose the case then you will be forced to pay the company for loss of income and reputation. Cyber Liability Insurance will help you to pay for all or part of any settlement and your legal fees.
Business Owners' Policies are another class of application development insurance Georgia that every small business should consider. BOPs bundle property, liability and business income along with other coverages. Application developers generally don't have many buildings or assets to protect however in the case of a fire in your server room then you need to know that you will be able to get that vital hardware replaced.
Your employees must be taken care of as well. For this there are two types of application development insurance Georgia that you will need:
Workers Compensation and Employment Practices Liability Insurance (EPLI). GA workers comp is designed to cover any medical or legal bills that might arise from your employees getting injured while working for you, for example if an employee suffers from an electrical shock while running routine maintenance on your servers. EPLI is for a situation that involves sexual harassment in the workplace that leads to your business being sued.
Another application developer protection consideration is a Fidelity Bond. This is designed to protect you and your client in the event that one of your employees runs off with your client's sensitive information or money while designing the application. As much as you would like to believe that your employees are trustworthy, a fidelity bond will keep you from relying on trust alone.
Application development insurance Georgia should be your last resort. It's one of those things that you want to have but never need to use therefore even if you are covered, you should take every precaution to make sure that your business practices do not put you at risk.
Enforce strict security protocols for all of your sensitive data, inform clients of any changes that need to be made to the initially agreed upon design and make sure that your employees know all about the codes of conduct. Such practices are difficult to implement consistently however they will save you a lot of money in the long-run.
App development insurance can help increase your business security, productivity, stability and also allow you to attract more clients.
Have a great idea for a small business and want to setup shop in Georgia? If so, before you start pursuing a commercial property and hiring employees, you want to make sure that the Peach State will support your industry to ensure your success. It's also a wise idea to familiarize yourself with the rules and regulations that the state has in place for business owners, such as the regulations and limits that pertain to commercial insurance. Below, we offer invaluable information about business development in the state of Georgia so that you venture can be as successful as possible.
In the past few years, there has been a definite uptick in job growth in the state of Georgia; however, in recent months, it seems that growth has become stagnant. In fact, according to the Bureau of Labor Statistics, as of May 2019, the unemployment rate in Georgia was 3.8%; 0.2% higher than the national average during the same time, which was 3.6%.
Despite stagnation in job growth and the slightly higher unemployment rate compared to the national average, more people are employed in Georgia in 2019 than were just a few years ago; in fact, in recent years, job growth has been at an all-time high.
If you're thinking about starting a business in Georgia, you're in luck; according to recent research, the state is one of the most attractive among entrepreneurs in the nation. Atlanta was voted the seventh best city in the US to launch a venture. Low living costs, business-friendly laws, and a wealth of easy to access resources have all made the Peach State a prime location for those business-minded individuals.
There are several industries that offer the potential for great success in the state, including:
The Georgia Department of Insurance regulates insurance in Georgia. Like most states, Workers' compensation is also mandated in the state of Georgia; for business that employ three or more employees, you will need to carry this type of coverage.
If you use motor vehicles for business-related purposes, you'll also need to invest in commercial auto insurance coverage to protect your drivers, as well as other drivers on the road.
Learn about small business IT technology insurance policies that help protect IT businesses, consultants & subcontractors from the unique risks that small tech businesses face when they work.
Some the more popular IT businesses do IT contracting or freelancing work. These businesses have specific risks they face, and can have huge exposures to uncommon risks. Even if the business is very careful, a small oversight or mistake can lead to a large and expensive lawsuit.
For information technology companies, like some of the more popular ones listed below, data security is paramount:
Application Development (Mobile & Web), Business Intelligence / Data Mining Businesses, Computer Installation & Repair, Computer Programming, Computer Retail Store, Data Analysts, Architects & Scientists, Database Administrators, Frontend Developers, Hosting, IT Business Consulting, IT Project Management, IT Staffing, IT Training, Information Technology Consulting, Life Sciences & R&D, Network Architects, Network Security Consultants, System & Network Design, Technical Writing and Web Site Development.
The IT business segment has a critical need for professional liability and errors and omissions coverage. If coverage applies, the insurer has several rights and duties such as providing a legal defense against claims and suits brought by parties claiming damages. The insurer is permitted to investigate all claims to determine whether they are covered by the policy and they may choose to litigate, deny or settle claims.
Most policies providing coverage for electronic data liability, computer professional liability, and computer errors and omissions are claims-made contracts.
Minimum recommended small business insurance coverage: Business Personal Property, Business Income with Extra Expense, Equipment Breakdown, Computer Fraud, Employee Dishonesty, Accounts Receivable, Computers, Valuable Papers and Records, General Liability, Employee Benefits Liability, Errors and Omissions Liability, Professional Liability, Umbrella Liability, Hired and Nonowned Auto Liability & Workers Compensation.
Other commercial insurance policies to consider: Building, Earthquake, Flood, Real Property Legal Liability, Forgery, Cyber Liability, Employment-related Practices Liability, Directors and Officers Liability, Business Auto Liability and Physical Damage and Stop Gap Liability.
Request a free Application Development Insurance Georgia quote in Acworth, Albany, Alpharetta, Americus, Athens, Atlanta, Augusta, Bainbridge, Belvedere Park, Brookhaven, Brunswick, Buford, Calhoun, Candler-McAfee, Canton, Carrollton, Cartersville, Chamblee, Clarkston, College Park, Columbus, Conyers, Cordele, Covington, Cusseta, Dallas, Dalton and Hinesville, Decatur, Douglas, Douglasville, Druid Hills, Dublin, Duluth, Dunwoody, East Point, Evans, Fairburn, Fayetteville, Forest Park, Gainesville, Georgetown, Griffin, Grovetown, Holly Springs, Johns Creek, Kennesaw, Kingsland, LaGrange, Lawrenceville, Lilburn, Lithia Springs, Loganville, Mableton, Macon-Bibb County, Marietta, Martinez, McDonough, Milledgeville, Milton, Monroe, Moultrie, Mountain Park CDP, Newnan, Norcross, North Decatur, North Druid Hills, Panthersville, Peachtree City, Peachtree Corners, Perry, Pooler, Powder Springs, Redan, Richmond Hill, Riverdale, Rome, Roswell, Sandy Springs, Savannah, Smyrna, Snellville, St. Marys, St. Simons, Statesboro, Stockbridge, Stonecrest, Sugar Hill, Suwanee, Thomasville, Tifton, Tucker, Union City, Valdosta, Villa Rica, Vinings, Warner Robins, Waycross, Wilmington Island, Winder, Woodstock and all other cities in GA - The Peach State.
Also learn about Georgia small business insurance requirements for general liability, business property, commercial auto & workers compensation including GA business insurance costs. Call us (470) 440-6263.