Insurance Risk Management Solutions for Companies & Homeowners

Insurance Coverage for Prepackaged Software throughout Dallas & Houston, TX

Running a software company is not easy as you have a lot of responsibilities involved. The duties and concerns you have to shoulder are something you could tackle, but what about the risks you could face that leave your company vulnerable to security? Unfortunately, many firms, including prepackaged software providers, do not have enough insurance coverage. But you do not need to worry when you can lean onto Tower Street Insurance & Risk Management company that can make custom-made insurance schemes to suit your requirements precisely. Call us at 972-472-2040 or contact us online if you live in or nearby Addison, Little Elm, Richardson, Heath, and other Texas cities.

Risks Related to Software Development Companies

There are many types of risks a software development company may face. Here are a few of the potential risks you may encounter:

Insurance Coverage for Prepackaged Software throughout Dallas & Houston, TX
  • Dissatisfied Customer- Customers are often highly dependant on the software they buy. While this is beneficial to business, it also exposes software firms to several hazards. For example, any software failure might result in a client losing money and filing a lawsuit demanding damages. 
  • Resentful Ex-Employee- It's common for a fired employee to file a wrongful termination lawsuit against their former employer.
  • Cyberattacks- Cybercrime is becoming more dangerous day by day. Because of the sensitive information that software firms frequently keep, they are an ideal target for hackers. 
  • Damaged Property- The property of your physical office could get affected due to reasons like fire, natural disasters, vandalism, etc. This could result in a severe loss by the company.
  • Theft- Employees have access to both corporate and consumer data. They could penetrate through corporate systems and steal data, money, securities, and other things because of the internet aspect of the software development business.
Types of Prepackaged Software Insurance

Types of Prepackaged Software Insurance

Here are a few types of prepackaged software insurances:

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Let Tower Street Take Care of Insurance Coverage for Your Prepackaged Software

Tower Street ensures that you are financially prepared to tackle work-related problems with our complete insurance protection and services. We provide insurance to companies that trade securities such as prepackaged software. We're always striving to improve customer service, technology, and tools to make your life simpler. When you need it, the insurance professionals at Tower Street can help you get the finest and most affordable software company insurance. Call us at 972-472-2040 to learn more about our services and receive a free quote! Other sectors that we serve include oil and gas businesses, electrical contractors, doctors' offices & medical clinics, legal services, and many more.

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I love Tower Street and receive the best service from them! They are reliable, caring, and always supportive. Can’t recommend them enough!

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Chris is a great insurance advisor. He has extensive knowledge of markets, coverages, and risk. I highly recommend him. I wish I had more business to send him.

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