Welcome to ARC Insurance Brokers - your trusted partner for insurance solutions tailored specifically for IT companies. The brokers in our IT insurance division understand that you face unique risks and challenges that require specialized coverage, and we are here to help you navigate those risks and protect your business from the unexpected.
The ARC Advantage
At ARC Insurance Brokers, we pride ourselves on our expertise in the IT industry. We are partnered with top-rated insurance carriers across Canada, the US, and the UK to ensure that our clients receive the comprehensive coverage at competitive rates. Our goal is to provide you with peace of mind, knowing that your business is protected from unexpected events that could threaten your livelihood.
The experienced team members in our IT insurance division have a deep understanding of unique exposures of IT consultants and Managed Service Providers, and we leverage our knowledge and expertise to provide customized coverage solutions that fit your business. Many of our brokers have strong analytical skills and STEM education backgrounds. They are well-equipped with the tools and expertise to analyze and interpret complex data, which enables them to assess your risk exposure accurately. This, in turn, allows us to find the best pricing for IT insurance options that align with your specific needs, ensuring that you have the right level of protection in place that also fits within your budget.
IT Services Provider Claims Examples
Here are some examples of claims that IT consultants and MSPs need to consider:
Cybersecurity breach If a client experiences a data breach or cyberattack due to a security vulnerability in the MSP’s systems or services (e.g., failing to apply a patch on time resulting in a breach), the IT services provider may be liable for damages and may need to file an insurance claim to cover the costs of the breach investigation, remediation, and potential lawsuits.
Professional liability: If an employee makes an error or omission in their services or advice to a client that results in financial or reputational harm (e.g., client lost data due to a mistake while applying patches), the IT firm may be sued for professional liability. Insurance can cover the costs of legal defense and potential damages.
Property damage: If an IT firm’s equipment or services cause damage to a client’s property, such as a fire or water damage, the firm may be liable for the cost of repairs or replacement. This would typically fall under Comprehensive General Liability.
Business interruption: If an IT firm’s services are disrupted, either due to a fire, cyberattack, or other event, causing a client’s business to suffer financial loss, the firm may be liable for the client’s losses.
These are just a few examples of the types of claims that IT firms need to consider. At ARC Insurance Brokers, we understand that every IT firm is unique, and we are committed to providing customized coverage solutions to fit your specific needs. Every carrier we are partnered with has 24/7 claims emergency triaging to provide emergency response and guidance when you need it most.
Why Choose ARC as Your Insurance Provider?
For the brokers in our Technology Insurance division, the formula to success is simple but comprehensive, and it all revolves around investing time to fully understand the client, the risk, and the market.
We’ll understand you
What the risk exposures that come with the type of clients you work with and the services you provide?
How can insurance address those risks, and what risk management mechanisms are available for risks that cannot be addressed by insurance?
We’ll understand your insurance structure
How are your policies set up at the moment?
What exposures are you most concerned about?
Do you fully understand what’s covered and not covered?
Is there any way to improve the current structure of your policy?
We understand the market
Are there alternative options in the insurance market that can provide improved coverage or pricing compared to your current policy?
Are there possibilities to negotiate better terms with your current provider?
Taking this holistic approach to risk management ensures that we can provide excellent insurance solutions while improving your budget and bottom line.
- The human touch - personalized service with dedicated account managers no matter how big or small your operation is
- A wide range of products, including fleet insurance, commercial liability, professional liability, products liability, and more
- Competitive pricing with access to quotes from multiple top-rated insurance carriers across Canada
- All contracted insurance carriers provide robust claims handling and 24/7 emergency contacts
- Convenient locations throughout Alberta including Edmonton, St. Albert, and Jasper
- Expertise, experience, advocacy, and responsiveness
Our Partners
ARC Insurance Brokers is backed by some the biggest names in the industry.
