Insurance for Telecommunication Companies

Telecommunication companies provide a number of different services. Your company may provide services to residential and commercial customers or it may focus on providing goods and services to other companies. Both approaches require detailed attention and time commitment to remain a successful business. Don’t sacrifice the progress you’ve already made by skimping on your commercial insurance coverage.

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General Liability

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Property Coverage

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Auto Insurance

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Tools Coverage

General Liability

General liability insurance protects you from day-to-day hazards, problems and unexpected events. If your telecommunication company operates a retail establishment or allows the public to walk into your offices, than there is always a chance that someone could injure themselves while on your business property. Natural disasters, fire and water leakage can cause damage to your rented premises and the advertisement you provide can in many ways be misleading. All of these are covered under a general liability policy while assuring your company a strong financial protection.

Business Owners Policy (BOP)

business owners insurance policy (BOP) provides general liability and expands to provide you with different types of business property insurance. There are many pieces to a BOP and you can select just the necessary options that match your company’s needs.

  • Equipment Breakdown – When important business equipment breaks down, it can cost your company a lot of money and time. Meanwhile you can lose potential customers due to equipment failures.
  • Buildings and Contents – When a loss strikes, your company structures can become extensively damaged. With the same chance, the business property or content you have inside can be damaged or destroyed. For example, if a water pipe bursts and ruins the sensitive electronics on your telecommunication monitoring equipment, a BOP can help with the cost of repair or replacement.
  • Business Income and Extra Expense – When accidents and unexpected events force you to shut down or temporarily relocate your business operations, a BOP can provide for loss of income and additional expenses.
  • Products and Completed Operations (Included in General Liability) – If your products or services are found faulty in the future, your company could be held legally liable for the harm or damage caused to a customer or their property.
  • Electronic Data – From specialized software to customer and financial records, your company is computerized. Viruses, power outages or surges and other events can corrupt or cause you to lose all your data. Replacing or recovering those files can be quite expensive and time sensitive.
  • Newly Acquired or Constructed Buildings – As your company expands, your BOP coverage will expand to protect new buildings or structures at no additional premium for a stated period of time.
  • Valuable Papers Protection – If you keep critical files and documents, losing them can be costly and damaging for your business.
  • Employee Dishonesty Coverage – Dishonest actions by employees accounts for over $400 billion in lost annual revenues for small businesses like yours.

Business Auto

The more you drive the more likely you are to be involved in an auto accident. Commercial auto insurance can pay for damages to vehicles that are in an accident while being used for business purposes. This can also pay for medical expenses of all parties involved in the accident.

Workers Compensation

In United States, having one or more employees makes it mandatory for the employer to provide workers comp insurance for all individuals. This coverage pays their hospital, doctor, prescription and related medical bills if they are ever injured on the job.

Surety Bond

Some contracts will not be available to your telecommunication company unless you are bonded. A surety bond provides a guarantee to your customers that you will fulfill the obligations of your contract as outlined. Some bonds guarantee a set cost while others guarantee specific completion schedules.