Best Computer Repair Shop Business Insurance

NEXT has the best business insurance for computer repair shops, earning a MoneyGeek score of 4.82 out of 5 with rates starting at $37 monthly. The Hartford ranks second, while Simply Business comes in third. Both are excellent alternatives for computer repair business insurance.

Note: We based all scores on a computer-repair business with two employees across professional liability, general liability, workers' comp and BOP policies.

NEXT offers the cheapest business insurance for computer repair shops at $37 monthly ($441 annually), with the lowest rates for general liability, workers' compensation and business owner's policies (BOP). Computer repair technicians needing professional liability should explore The Hartford, which charges $56 monthly.

NEXT offers computer repair businesses the cheapest general liability insurance at $37 monthly ($447 annually). Computer repair shops save $11 per month compared to the $48 industry average. The Hartford ranks second at $38 monthly, while Thimble charges $39 for computer repair technicians.

Computer repair technicians pay just $23 monthly ($271 annually) for cheapest workers' comp insurance from NEXT, $1 less than the $24 industry average. The Hartford, Thimble and Progressive Commercial match NEXT's $23 rate, giving computer repair businesses multiple affordable options to cover their technicians and employees.

At $56 monthly ($674 annually), The Hartford delivers the cheapest professional liability insurance for computer repair businesses, $7 below the $63 industry average. Computer repair owners and technicians save 11% on errors and omissions coverage with The Hartford, though NEXT at $58 monthly and Thimble at $60 offer competitive rates for computer repair shops.

Computer repair businesses bundle general liability and property coverage for just $28 monthly ($341 annually) with NEXT's cheapest business owner's policy, 58% below the $67 industry average. That's $39 in monthly savings for computer repair shops. Computer technicians comparing alternatives will find The Hartford's $52 rate competitive for bundled coverage.

In general, computer repair shop business insurance costs are the following for the four most popular coverage types:

• General Liability: $48 on average per month ranging from $41 to $56 depending on state
• Workers Comp: $24 on average per month ranging from $21 to $28 depending on state
• Professional Liability (E&O): $63 on average per month ranging from $54 to $73 depending on state
• BOP Insurance: $67 on average per month ranging from $57 to $78 depending on state

The coverage needs of computer repair shops start with workers' compensation if you have employees and commercial auto insurance if you own business vehicles. They’ll also need general liability and professional liability to provide financial protection from common risks like customer injuries and claims from work mistakes, while cyber insurance covers data breaches and tools coverage protects your diagnostic equipment.

• Workers' Compensation Insurance: Computer repair shops with employees must carry workers' comp to comply with state laws. It pays medical bills and lost wages when technicians suffer back injuries from lifting equipment or develop carpal tunnel from repetitive repairs. Requirements vary by state but typically mandate coverage once you hire your first employee.
• Commercial Auto Insurance: Computer technicians using company vehicles for on-site repairs or pickup and delivery services must carry commercial auto insurance. This covers accident damage, medical bills and liability when traveling to client locations. State minimum liability limits apply, though computer repair businesses often choose $500,000 to $1 million for better protection.
• General Liability Insurance: Computer repair businesses need general liability to protect against customer injuries and property damage claims. If a client trips over cables in your shop or a technician accidentally damages a customer's desk during an on-site repair, this coverage pays legal defense costs and settlements. Standard limits are $1 million per occurrence and $2 million aggregate.
• Professional Liability Insurance (Errors & Omissions): Computer technicians face lawsuits from work mistakes like failed repairs, missed deadlines or errors causing client data loss. Professional liability covers claims when your repair causes a client's business downtime or technical errors lead to lost files. Computer repair shops typically carry $1 million in coverage to protect against these professional negligence claims.
• Business Owner's Policy (BOP): Computer repair shops benefit from bundling general liability and commercial property insurance into a BOP at discounted rates. If a customer trips in your shop or a technician damages client property on-site, general liability covers legal costs. The property coverage protects your diagnostic equipment and inventory from fire or theft. Most shops need $50,000 to $100,000 in property coverage.
• Bailee's Coverage: Computer repair shops taking possession of customer devices need bailee's insurance to cover accidental damage to client property in your care. If customer laptops are stolen from your shop or damaged in a fire while awaiting repair, this coverage reimburses clients. Coverage limits typically range from $25,000 to $100,000.
• Cyber Liability Insurance: Computer repair businesses handling customer data need cyber insurance to cover data breach costs, ransomware attacks and client notification expenses. If hackers access client information through your systems or technicians accidentally expose customer passwords, this coverage pays for credit monitoring and legal fees. Coverage limits typically range from $500,000 to $1 million.
• Tools & Equipment Insurance: Computer repair technicians protect expensive diagnostic tools, laptops and specialized equipment with tools and equipment coverage. If your thermal imaging camera, oscilloscope or soldering station is stolen from your vehicle or damaged on a service call, this policy covers replacement costs. Computer repair shops typically need $10,000 to $25,000 in coverage, which costs $10 to $20 monthly as an add-on to general liability.

Our step-by-step guide for getting business insurance lets you find financial protection for your computer repair company without overpaying.

Protecting your computer repair shop means covering the unique risks you face daily, from accidentally damaging client laptops during repairs to data breaches affecting customer information. NEXT earns top ranking with a MoneyGeek score of 4.82 out of 5 and keeps costs reasonable at $37 monthly. You get solid coverage at rates that won't hurt your bottom line.

We answer frequently asked questions about Computer Repair business insurance:

We selected the best business insurer for computer-repair companies based on the following criteria:

• Affordability (50% of score): The lower a company's costs compared to the competition based on our base profile for four core coverage types, the better the company performs.
• Customer service (30% of score): We scored providers on overall customer satisfaction using industry studies, customer review forum ratings and public forum sentiment analysis from sites like Reddit.
• Coverage (15% of score): We scored business insurance providers for this category based on the flexibility, payment and actual coverage options.
• Financial stability (5% of score): Using financial stability industry ratings from companies like AM Best and Moody's, we created an overall rating to judge how likely companies are to pay out claims compared to the competition.

All pricing in this article is based on the following base profile to represent the vast majority of small businesses in all states:

• Three-person business with two employees
• Coverage: $1 million per occurrence and $2 million total per year for all but BOP, which includes the same coverage plus $5,000 of business property coverage
• $150,000 in payroll
• $300,000 annual revenue