Telecom Business Insurance
Putting Telecom Business Insurance in the Spotlight
Telecommunications businesses provide cutting-edge technology solutions in a variety of industries, including cable television, radio, and television broadcasting.
Owners of telecommunications businesses face many unique risks on top of the usual risks small businesses encounter, such as property damage and data loss.
At Baldon Insurance Group, we offer thoughtful telecom business insurance to help protect your business and ensure its continued success.
Business Owner’s Policy for Telecom Small Businesses
Most telecommunications businesses should have a Business Owner’s Policy (BOP) as part of their insurance plan. A BOP helps protect your business much like a homeowners policy helps protect your home. By combining three basic coverages, a BOP can help save you money while safeguarding the communications business you’ve worked so hard to build.
General Liability Insurance
This coverage helps protect you from lawsuits if someone claims your business caused an injury or property damage. It can even help cover certain claims of slander or libel. However, business liability does not cover claims arising from the professional services you provide. A professional liability policy would cover you for those claims.
Commercial Property Insurance
Commercial property coverage helps protect the place where you do business. It also helps protect your tools, including computers and installation equipment. Commercial property insurance applies to your property, whether you own or rent it. For even more protection against theft, you can look into fidelity bonds for your small business. These can help safeguard your business from employee theft, forgery, and robbery.
Business Income Insurance
This coverage can help cover the loss of income if you have to close your business temporarily because of covered property damage. This could include damage from a fire that keeps you from opening for several weeks.
Optional Coverages to Add to a Telecommunications Insurance Policy
- Professional Liability Insurance (E&O)
- Business Income for Off-Premises Utility Services Coverage (OPUS)
- Computers & Media Insurance Coverage
- Data Breach Insurance Coverage
- Hired & Non-Owned Auto Insurance Coverage
Other Important Telecommunications Insurance Options for Businesses
- Workers’ Compensation Insurance
- Commercial Auto Insurance
- Home-Based Business Solutions
