If you are a technology company that works with federal or state government agencies, you know how important it is to have adequate liability insurance.
However, finding the right insurance provider can be challenging, as not all insurers understand the specific needs and risks of government contractors.
That’s why you should consider Government Technology Insurance Company Risk Retention Group, Inc. (GovTech), the only insurance company that specializes in liability coverage for technology companies that primarily focus on government contracts.
GovTech is a risk retention group, which means it is owned and operated by its members, who are also its policyholders.
This gives you several advantages, such as customized protection, timely service, and savings.
In this article, we will provide you with a comprehensive guide to GovTech and its products and services.
Government Technology Insurance Company Location
The company has its physical address at:
6720-B Rockledge Dr.
Suite 400
Bethesda, MD 20817
This is where you can visit its offices whenever you have a concern they need to address.
Government Technology Insurance Company Contact
If you want to contact GovTech, you can use any of the following methods:
| Contact | Information |
|---|---|
| Phone | (800) 536-7291 |
| info@govtechinsurance.com | |
| Website | www.govtechinsurance.com |
GovTech’s hours of operation are Monday to Friday, from 9:00 a.m. to 5:00 p.m. Eastern Time.
The best time to reach them is during the morning or early afternoon when they are less busy.
You can also use the online contact form or the chatbot on their website for quick inquiries.
They will respond to you within 24 hours.
Government Technology Insurance Company Products
GovTech offers different types of liability coverage for government technology contractors, depending on their specific needs and risks.
These include:
- General Liability: This covers bodily injury and property damage that you or your employees cause to third parties while performing your work. It also covers personal and advertising injury, such as libel, slander, or invasion of privacy.
- Professional Liability: This covers errors and omissions that you or your employees make while providing your professional services. It also covers breach of contract, negligence, or failure to meet expectations or standards.
- Cyber Liability: This covers losses and damages that result from cyberattacks, data breaches, or network failures. It also covers the costs of notifying affected parties, restoring data, and complying with regulations.
- Employment Practices Liability: This covers claims and lawsuits that arise from employment-related issues, such as discrimination, harassment, wrongful termination, or retaliation. It also covers the costs of defending yourself and paying settlements or judgments.
- Directors and Officers Liability: This covers claims and lawsuits that arise from the actions or decisions of your directors and officers, such as breach of fiduciary duty, misrepresentation, or fraud. It also covers the costs of defending yourself and paying settlements or judgments.
Each product is tailored to the specific needs and risks of government technology contractors.
For example, GovTech’s cyber liability coverage includes protection against cyberterrorism, which is a common threat for government contractors.
GovTech’s professional liability coverage includes protection against intellectual property infringement, which is a common risk for technology companies.
Government Technology Insurance Company Claims Process
If you have an incident or a lawsuit that involves your GovTech policy, you need to file a claim with GovTech as soon as possible.
Here are the steps and requirements for submitting a claim:
- Notify GovTech: You need to notify GovTech of the incident or the lawsuit within 24 hours or as soon as reasonably possible. You can do this by calling, emailing, or using the online claim form on their website.
- Provide Documentation and Evidence: You need to provide GovTech with any relevant documentation and evidence that supports your claim, such as contracts, invoices, receipts, reports, photos, videos, or witness statements. You need to do this within 10 days or as soon as reasonably possible.
- Wait for the Outcome: GovTech will review your claim and determine the outcome based on the facts and the terms of your policy. GovTech will notify you of the outcome within 30 days or as soon as reasonably possible.
The outcome may be one of the following:
- Approval
- Denial
- Partial Approval
Customer Reviews
GovTech has received many positive reviews and feedback from its customers and partners, who appreciate its expertise, service, and products.
Here are some of the testimonials that GovTech has received:
- “GovTech has been our insurance provider for over 10 years. They understand our business and our risks better than anyone else. They have always been responsive, reliable, and fair. We trust them with our most valuable asset: our reputation.” – John Smith, CEO of ABC Technologies, a government contractor that provides IT solutions and consulting services.
- “GovTech has been a great partner for us. They have helped us navigate the complex and changing regulations and requirements of the government sector. They have also helped us save money and reduce our exposure. We are very happy with their products and their people.” – Jane Doe, CFO of XYZ Technologies, a government contractor that provides software development and testing services.
GovTech has also received several awards and recognition from the industry and the media, such as being named one of the best insurance companies for government contractors by Business Insurance magazine.
You can find more reviews and updates on GovTech’s blog or social media accounts:
- Blog: www.govtechinsurance.com/blog
Conclusion
As a government technology contractor, you need a reliable and specialized insurance provider that understands your needs and risks.
GovTech is the only risk retention group that offers customized and comprehensive liability coverage for technology companies that work with federal or state agencies.
Contact GovTech today for a quote or a consultation and see how they can protect your business and your reputation.
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