Technology Services Insurance Minnesota

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Get MN small business insurance quotes and info on costs, coverages, minimum requirements, certificates & more.

Types Of Small Business Insurance

  • Includes medical payments, legal representation, and defense against libel and slander accusations.
  • Bundles general liability insurance and commercial property into one affordable policy.
  • Provides financial protection if an employee has a job-related accident or illness.
  • Pays to repair or replace your business property if it's stolen, damaged, or destroyed in a fire or natural disaster.
  • Covers mistakes or alleged mistakes on your part (errors) & failures or alleged failures to perform a service (omissions).
  • Is liability and physical damage protection for vehicles, such as cars, trucks and vans, that are used for business.
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Frequently Asked Questions About Small Business Insurance


How much does general liability insurance cost?

In 2019, commercial general liability costs can vary widely based on industry. Businesses in higher risk industries pay more. Premiums are also determined by zip code and often payroll and/or gross sales. You can request a free quote to get an exact premium for your business. Read more...

What types of business insurance do I need?

Almost every business needs general liability and commercial property insurance at the very least. If you have any non-owner employees, you'll most likely need workers compensation insurance too as most state require it. It all depends on the risks your business faces. Read more...

How does general liability insurance work?

Having general liability is the basis of any business insurance program. If you can afford only one commercial insurance policy for your small business - then you should get a commercial general liability policy, because it offers protection against a wide range of common but unexpected risks. Read more...

What is a Certificate of Insurance?

A Certificate of Insurance (COI) is proof of coverage. It verifies that you have insurance coverage for your small business, & contains information on types and limits of coverage, insurance company, policy number, named insured, and the effective date of the policy. Read more...
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Technology Services Insurance Minnesota Policy Information

MN Technology Services Insurance

Technology Services Insurance Minnesota. Technology services firms have unique risks. Also, basic insurance comes with various limitations, and there is a need for technology-specific coverage. For example, you could have irreplaceable data, software, and valuable research equipment that are at the core of your technology company and require protection. Technology services insurance Minnesota can help you cover your risks.

This coverage can be tailored to cover specific needs. The policies can beset up to protect your business from the specific risks it faces on a daily basis.

Technology services insurance Minnesota protects your firm from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now.

Technology Services Insurance Options

Following are some coverages that can be included in a technology services insurance Minnesota policy:

General Liability

General liability protects your MN tech company from some lawsuits that allege bodily injury or property damage arising from business operations. For example, you pill coffee on a clients computer and ruin it.

Also, it can protect against damages from lawsuits that emerge from various business activities. Technology services insurance Minnesota will cover these and several other claims of libel and slander against your firm.

What Are The Benefits Of Commercial General Liability?

  1. Provides you with protection against damages resulting from lawsuits due to third party bodily injury or property damage.
  2. Covers you against libel and slander claims

Professional Liability

Also called errors & omissions, technology services insurance Minnesota covers negligence that might occur in your business. E&O is an important coverage for any tech business, regardless of their size or scope.

Commercial Property

A comprehensive technology services insurance Minnesota policy will also protect the building where you operate (if you own it) and/or your computers, furniture and other equipment used to do business. It will also cover both the equipment and tools that you use to fix or upgrade your client's computer hardware and related components, workshop and office furniture, regardless of whether you lease it or own them.

What Are The Benefits Of Business Property?

  1. Protect your building
  2. Cover your computers, equipment and furniture and other business property.

Commercial Umbrella

Umbrella is extra liability insurance. Umbrella coverage is designed to protect your business from claims that exceed the limits of your underlying policies. Umbrella provides additional liability coverage above other coverage limits of either your general liability, workers comp, commercial auto and sometimes other coverage. It is typically contractually required by some clients that will hire you.

Cyber Liability

Since you are a tech company, your clients will expect you protect their sensitive data. Cyber will cover your business liability from data breach against your customers' financial and personal information. Such information includes credit card numbers and social security. Cyber liability coverage helps protect your firm's data which is exposed or even stolen by hackers entering the company's electronic network.

Business Income

The business property section of a technology services insurance Minnesota policy can coves all income losses if you are unable to either run or operate your business. The business income insurance covers loss of revenue when you can't run you technology business due to covered property damage.

MN Technology Services Insurance

Tech service insurance can help increase your business security, productivity, stability and also allow you to attract more customers.

Minnesota Economic Data And Business Insurance Regulations

Made In Minnesota

If you're an entrepreneur who is thinking about starting a business or expanding your company by opening a division in a new location, you know that there are a number of factors you have to consider. One of the most crucial elements business owners must take into consideration is the conditions of the location they are interested in; the area needs to offer conditions that are favorable for the business in order for the operation to thrive. A suitable target demographic and a healthy labor market are just some of the elements that indicate whether or not a business will thrive.

For business owners who have Minnesota in mind as their base, below, we've highlighted key details that suggest whether or not the Land of 10,000 Lakes offers favorable conditions for business owners. We also discuss the forms of commercial insurance that businesses are required to carry in the state.

Economic Trends For Business Owners in Minnesota

The unemployment rate of a state is a good indication of whether or not a state is suitable for business operations, as it provides insight into the labor market. According to the Bureau of Labor Statistics, as of May 2019, the rate of unemployment in The Gopher State was 3.3 percent, while the national average was 3.6 percent. While there has been a slight increase from 2018 (0.5 percent from June 2018 to May of 2019), the rate still indicates that the labor market in the state is favorable, which is a good sign for entrepreneurs.

Anywhere throughout the North State offers suitable conditions for businesses; however, there are some areas that are particularly ideal. These areas either large cities or areas that surround the state's largest cities, including:

  • Alexandria
  • Eden Prairie
  • Edina
  • Golden Valley
  • Little Canada
  • Mendota Heights
  • Minneapolis
  • Minnetonka
  • Roseville
  • St. Paul
  • Thief River Falls

Certain industries do better than others in MN, and businesses that are centered on these industries have a greater chance of achieving success. The leading industries within the state include:

  • Agriculture and forestry
  • Bioscience
  • Hospitality and tourism
  • Information technology
  • Manufacturing
  • Sustainable energy (specifically wind power)
  • Transportation
Commercial Insurance Regulations For Businesses In Minnesota

The Minnesota Department of Commerce regulates insurance in Minnesota. Commercial insurance is designed to provide business owners and the individuals they associate with (employees, customers, and vendors) from a multitude of risks. To ensure proper protection for all, companies are required to carry the following commercial insurance policies in The North Star State:

  • Workers' compensation insurance, which provides coverage for work-related injuries and illnesses that employees may sustain.

Business that use vehicles for business-related purposes over a certain weight, must also carry commercial auto insurance, and any company that sells or otherwise distributes alcohol must carry liquor liability coverage.

Additional Resources For Information Technology & Internet Insurance

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.


Information Technology And Internet Insurance

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 Technology Services Insurance Minnesota quote in Albert Lea, Alexandria, Andover, Anoka, Apple Valley, Arden Hills, Austin, Bemidji, Big Lake city, Blaine, Bloomington, Brainerd, Brooklyn Center, Brooklyn Park, Buffalo, Burnsville, Champlin, Chanhassen, Chaska, Cloquet, Columbia Heights, Coon Rapids, Cottage Grove, Crystal, Duluth, Eagan, East Bethel, Eden Prairie, Edina, Elk River, Fairmont, Faribault, Farmington, Fergus Falls, Forest Lake, Fridley, Golden Valley, Grand Rapids, Ham Lake, Hastings, Hermantown, Hibbing, Hopkins, Hugo, Hutchinson, Inver Grove Heights, Lakeville, Lino Lakes, Little Canada, Mankato, Maple Grove, Maplewood, Marshall, Mendota Heights, Minneapolis, Minnetonka, Monticello, Moorhead, Mound, Mounds View, New Brighton, New Hope, New Ulm, North Branch, North Mankato, North St. Paul, Northfield, Oakdale, Otsego, Owatonna, Plymouth, Prior Lake, Ramsey, Red Wing, Richfield, Robbinsdale, Rochester, Rogers, Rosemount, Roseville, Sartell, Sauk Rapids, Savage, Shakopee, Shoreview, South St. Paul, St. Cloud, St. Louis Park, St. Michael, St. Paul, St. Peter, Stillwater, Vadnais Heights, Waconia, West St. Paul, White Bear Lake, Willmar, Winona, Woodbury, Worthington and all other cities in MN - The North Star State.

Also learn about Minnesota small business insurance requirements for general liability, business property, commercial auto & workers compensation including MN business insurance costs. Call us (612) 808-9866.

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