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IAMCP Special Insurance Offering - Application Process

IAMCP members are able to obtain business insurance at special rates due to the buying power of our collective members. 

Step 1 - Review information:

(Click on image to enlarge rate table.)


Step 2- Submit Application / Apply for Insurance

Scan or Fax your completed applications to:

Email: e-contact@techrisks.com

Fax: 267-371-5180

If you have any questions or need additional information, please contact TechRisks.com at:

Phone: 267-803-1371

Toll Free (U.S.): 1-866-355-7475

Program availability for the terms and conditions are largely limited to most U.S. locations and insureds. If you are a non-US member, please email: e-contact@techrisks.com for additional information and availability.

The basic rating template is as follows:

Insurance Carrier: Lloyd's of London – Beazley Syndicate

Coverage: Professional or General Liability or COMBO option

Limits selected: $x,000,000 per occurrence / $x,000,000 in the aggregate

Effective Date: XX August, 2010 – 2011 (dates can be amended if need be)

Prior Acts Date: XX August, 20XX (please confirm date needed)

Payment Method: monthly or yearly options

Base Premium: $xx.00 per month / $xxxx.00 per year

Software Development surcharge not applicable

Prior Acts Surcharge: 10% if one year is needed, 15% for two years or more.

Final Premium: $xx.00 per month / $xxxx.00 per year

Taxes / Fees: $xx.00 due in month one only

The below information is very important!
The professional liability covers alleged negligent acts, errors and omissions related to your products and services. It also covers copyright / trademark infringement, the number one claim in this sector, network security for hacks, viruses, loss service or unauthorized access and ID Theft as well as website / content media for libel, slander, invasion of privacy and other personal / advertising injuries. If a client or third party sues you for your products and services, this policy cover responds. We strongly recommend all tech firms and members of IAMCP have this professional errors and omissions liability. The General Liability only covers bodily injury and property damage caused by your firm directly related to your technology products and services.

It does not include:

  • Property insurance to cover your property, computers, etc. Pricing generally starts around $290-350
  • Business owners package that includes property, coverage for your office space, general liability that is broader than IAMCP - Lloyd’s, business interruption insurance, (hired and non-owned) auto. Pricing starts around $500
  • Workers comp. If you have employees or want coverage, this is based of payroll and class code (employee descriptions)
  • If your business owns automobiles, please let us know of that along with you have other insurance needs.
  • If you want a quote for property, workers comp, auto or other insurance, please fax / scan back the noted application.

To find out more about why you need business insurance and what TechRisks.com can provide, click here.

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