Technology

Workers' Comp Coverage for I.T. Businesses

We’ve been helping professional technology business owners find easy and affordable coverage for over 15 years. Our Experts understand the underwriting requirements from the insurance companies. We know how to negotiate the lowest price. That’s why we’ve developed programs designed to help you get the best rates and most flexible payment options.
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Improve cashflow and reduce the potential for big audit bills.

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Get quotes from multiple insurance companies to ensure the lowest rates.

Claims Management

Our carriers have experienced claim managers to close claims quickly.

Workers' Compensation Class Codes Related to Computer I.T.

Employees are grouped into classification codes based on what they do for their job. The National Council on Compensation Insurance (NCCI) currently utilizes nearly 800 class codes to help insurance companies categorize employees. Insurance companies create a manual rate for each class code in order to price a policy.

Properly classifying workers is an important part of the quote process. Mis-classified employers may end up paying too much for coverage or owing too much after an audit.

Technology Insurance Workers' Compensation

Class Code 5191
Computer- Installation, Service & Repair

Companies engaged in providing computer related services at their customers' locations. Employees may troubleshoot software of hardware related problems as well as install computer various computer related components. Work on printers and related hardware is included under this class code.

Class Code 8810
Computer Programming- No Travel

Class Code 5191 | Computer- Installation, Service & Repair Companies engaged in providing computer related services at their customers' locations. Employees may troubleshoot software of hardware related problems as well as install computer various computer related components. Work on printers and related hardware is included under this class code. Class Code 8810 | Computer Programming- No Travel Technology is a broad industry. A meaningful difference in the classification of employees often centers around where the employees work. I.T staff that work from a central office, and do not travel as part of their normal work, may belong under class code 8810. I.T. consultants who travel to customers locations may need to be classified under class code 5191.

Tech businesses are primarily engaged in computer hardware or computer software endeavors. Companies that manage the installation, adjustment, inspection or repair of hardware are more likely to be classed under code 5191. This code typically includes any associated cabling and networking within a building. Programmers and computer system designers that work from a single location often fall under class code 8810.

Companies involved in computer data hosting and computer processing services may need to utilize an alternative class code- 8803. These I.T businesses provide specialized hosting, streaming or cloud application hosting.

Alternative State Class Codes for Technology:

Sometimes a state will deviate from the industry class code recommended by NCCI. Instead of the NCCI code, they may require the utilization of a state specific class code for certain business segments.

Synonyms: computer consulting, I.T. consulting, programming website designers, web design, computer repair, data analyst

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Cennairus Coverage

licensed throughout the United States

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How Does Workers' Comp Work?

Workers' comp coverage protects employees when injured. It makes good financial sense for both parties.

Injuries and accidents happen. A workers’ comp policy is a no-fault system that pays for these accidents and claims. It’s required by law in most states.
  • Loss of income for employees unable to perform job duties
  • Medical expenses for employees injured on the job
  • Retraining expenses for employees unable to return
  • Permanent injury or disability for lasting injuries
  • Survivor benefits if employees are killed on the job

Coverage does not protect employers from everything. Sometimes employees and employers can be negligent.

In some instances, workers’ compensation coverage will not protect employers or employees from the legal liability resulting from a workplace injury.
  • Injuries resulting from a violation of the law
  • Incidents resulting from employees' use fo drugs or alcohol
  • Injuries that did not occur in connection with the job
  • Clear company policy violations
  • Injuries that did not occur in connection with the job
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How Much Does Tech Insurance Cost?

The average rate our customers pay for workers’ compensation under the tech class code is around $0.39 cents per $100 of payroll. The average cost for a general liability insurance policy is about $500.00. Technology E&O insurance costs will vary by state and industry.

  • Work Comp is priced based on payroll
  • Your state and Emod will affect your cost
  • The type of I.T work can modify rates
  • Premium discounts and policy credits may apply
  • GL rates for I.T. are based on sales (rated per $1000)
  • Gross revenue may affect pricing
  • The type of work done matters to underwriters
  • Prior clams and years in business affect pricing
  • Office SIC codes vary by industry

How do I get started?

Here's what we need from you

  • Business details, locations, FEIN or SSN
  • Estimated annual payroll and job duties- class codes
  • Claims info or loss history- if applicable

What Happens Next?

We go find for your best price

  • Our software matches you with top-rated carriers
  • Our agents apply and negotiate your lowest rates
  • We present and recommend your best options

We've developed affordable insurance programs for Technology.

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