General Liability For Tech Startups. Do Tech Firms Need GL Coverage?
👨💻 Are you a tech startup grappling with the complexities of insurance coverage? In this video, we talk about the essentials of General Liability and why Tech Businesses need this coverage, even for tech companies working virtually.
What is General Liability Insurance?
General Liability (GL) is the cornerstone for protecting your tech startup from third-party claims of bodily injury and property damage. It’s not just about lawsuits; it’s about securing your company’s financial stability. 🛡️
The Real Costs You Face Without GL:
Without General Liability coverage, your tech business could be exposed to enormous legal fees and settlements. We’re talking about risks from reputational harm, copyright infringements, bodily injury, property damage, and much more.
Incorporation Doesn’t Equal Total Protection:
Think being an LLC or corporation is enough? Think again. General Liability is vital regardless of your business structure. 🏢
👉 Key Takeaways:
Beyond the Basics – What’s Not Covered:
GL doesn’t cover everything. Tech firms must be aware of exclusions and additional policies they may need, like Cyber Liability and Tech E&O coverage.
Why Every Tech Firm Needs General Liability:
✅ It’s affordable and often part of a BOP policy.
✅ Investors and clients expect it.
✅ Accidents happen, even in tech and even virtually.
Cost Factors for Tech Firms:
Pricing for General Liability varies based on your tech niche, location, and other underwriting details.
Smart Purchasing Through Expert Brokers:
Don’t go it alone online. Get the right coverage without gaps or overlaps by partnering with an insurance broker who knows tech.
🎯 Choose Expertise. Choose The Coyle Group.
We’re not just brokers; we’re business insurance experts with a mission to tailor and customize coverage for tech businesses like yours. Our value proposition? Deep expertise, broad market representation, and a commitment to getting your insurance right.
📞 Contact Us
Looking for expert advice on EPLI or other forms of business insurance? Reach out to us! Our contact information is below.
🌐 Website:
📧 Email: gbcoyle@thecoylegroup.com
📞 Phone: 845-474-2924
📅 To book a call with me, click this link:
👇 Don’t forget to LIKE, SHARE, and SUBSCRIBE for more expert insights!
Tags:
#GeneralLiability #TechBusinessInsurance #StartupInsurance #TechStartup #BusinessOwnersPolicy #CyberLiability #ProfessionalLiability #InsuranceBroker #TechSectorInsurance #BusinessInsuranceExpert
Subscribe to our channel for more insights on business insurance solutions and stay informed on how to protect your tech business from unforeseen risks.
✍️ Comment Below: Have you experienced a situation where General Liability insurance could have saved your tech business from a financial crisis?
About The Coyle Group:
Based in New York, and serving tech businesses across the U.S., The Coyle Group focuses on providing comprehensive and customized business insurance solutions. With over 40 years of experience, we’re committed to professional, friendly, and approachable service.
Remember to Like, Share, and Subscribe for more tips on securing your business’s future!
#TheCoyleGroup #BusinessInsurance #TechIndustry #GeneralLiabilityInsurance #RiskManagement
source