Home About Us Available Coverages Resources Apply Now Contact Us  
a division of TRT & Associates, Inc. 
Technology Insurance
Loss Scenarios for IT Firms
  Jury award for compensatory damages.
When a software solutions provider fails to live up to performance commitments made via a contract for a new software system, a local jury awards the plaintiff in excess of $2 million in compensatory damages.
Indemnity Paid: $2,400,000
Defense Cost Paid: $345,000

What’s special about InsureCast?

  • You work directly with principals and receive personal attention
  • Well-established company, in business since 1895, not a fly-by-night company
  • Experience in handling the special needs of technology companies (network security, hacker protection, viruses)
  • InsureCast represents virtually every A-Rated carrier with specialty products for technology businesses so we can market your account aggressively and secure the best pricing available

Who is InsureCast?

InsureCast is a division of TRT, Inc., a NY based insurance agency tracing its roots through 4 generations of family, and incorporated in 1895.

Our customers range from start-ups to public companies. We serve about four thousand clients nationally and throughout the world. InsureCast's marketing territory is national in scope, and we hold property-casualty and life-health licenses in all states except Alaska, Hawaii, Iowa, North Dakota, Oklahoma, and West Virginia. We are dedicated to giving excellent service to all our clients and continue our 117 years of providing business and professional liability insurance. More...


Professional Liability Insurance for Tech, Software, Internet, IT and Biotech Firms

Today, even the most cautious business owner may be subject to an errors and omissions lawsuit at some point. Mistakes Happen. Every company is at risk at some point. That’s why choosing the proper insurance coverage — from the right professional liability insurance company — is the most important decision you will make to protect your business and your professional reputation. InsureCast, a division of TRT, Inc. provides a wide range of professional liability insurance products to the technology and IT industry:
Professional Liability Insurance (E&O)
Cyber Internet Liability Insurance
Media Liability Insurance
Network Security Insurance
Directors & Officers Insurance
Employment Practices Liability Insurance
Fidelity Crime Insurance
Fiduciary Liability Insurance
Group Personal Excess Liability Insurance
Intellectual Property Insurance
Kidnap/Ransom Insurance
Workplace Violance Insurance

We Write Professional Liability Insurance for Medium and Large Companies Only

If your projected revenues are between $1,000,000 and $100,000,000, and a minimum of 10 employees, then we want talk to you. We have found that we are really competitive in this segment and larger companies appreciate the value added service, as well as our experience in the technology sector.

Price Indemnity and Contingency Insurance: What They Are and Why You Need Them

To 'insure' is to protect someone against a possible lost. As humans are naturally territorial, we have a tendency to protect what's ours. This is possibly one reason why a lot of people sign up for a wide array of insurance packages. The most common insurance packages that we know are those that cater to individual needs like the Auto Insurance, Health Insurance, Life Insurance, and Property Insurance. However, insurance companies do not only limit themselves to personal coverages. They also have a wide array of Business Insurances that you are probably not aware of.

Businesses, unlike most individuals, tend to hold bigger funds, assets, and liabilities, thus the need to also insure them. Every business needs protection and security to possible damages or lost. The bigger your company is, the more you need to be ready with the unpredictable nature of the industry. There are a lot of insurance products that cater to all types of companies--whether a budding business or an established one.

Prize Indemnity Insurance

Have you ever tried joining raffles, events, or contests? Have you ever wondered how companies who host sporting events manage their funds for prizes? We are often amazed by the cash prizes we see on television and events. We even join contests or raffles whenever the prizes seem so inviting. But how do companies manage their loss whenever these contests, raffles, or sports events do not get their target income? What if the event gets cancelled or postponed? What happens if sponsors don't pay what they are supposed to sponsor?

Prize Indemnity Insurance insures a company's lost whenever they host contests or raffles that cost a car, house, or a major prize. Through these Prize Indemnity Insurance Companies, the host company of such events will be able to guarantee a prize without having to pay for it. This type of Insurance is also called as Hole-in-one Insurance. It was named after Hole-in-one golf tournaments. For you to obtain a prize, you need to secure a shot thru hole-in-one. It is quite impossible to win that shot, thus making lower stakes for the prize.

Prize Indemnity Insurance requires companies to pay out a premium, usually starting at 3% and depends on the stakes of winning. If ever there is a winner for the event hosted by a company, the Prize Indemnity Insurance will pay for the prize. But if ever no one wins the event, the Prize Indemnity Insurance will earn with the premium payed by the company.

Contingency Insurance

Contingency Insurance, on the other hand, provides a big coverage for companies hosting events. When we say 'contingent', nothing is sure. In other words, Contingency Insurance pays for what isn't sure. Whenever something goes beyond the expected, the Contingency Insurance will cover it. It is also a way of risk management for companies in case their plans go wrong. There are unavoidable circumstances that can cause a company to postpone, interrupt, or even cancel events and by these, contingency insurance will be a convenient help.


Being insured is being protected. Since you cannot predict everything, you should be ready to face the unexpected. Insurance companies will help you recover in such situations.


The insurance industry is reeling from 9/11, and tech companies are reeling from a sour economy.

You should know that there are some dramatic insurance changes in the works. First, for business insurance in general, coverages are decreasing and rates are increasing in the wake of 9/11. If your broker has not been in touch with you about how to best manage your professional liability insurance in this market, you can be left in a financially disastrous situation.

Secondly, most brokers who jumped on the technology bandwagon are no longer focused on technology business or have gone out of business. And if you are using a “general” agency, this means you probably aren’t benefiting from specialized knowledge and coverage technology companies need. We provide all forms professional liability insurance including E&O, D&O, and EPLI to technology companies.


Significantly Expand Coverage While Maintaining or Reducing Premium Costs

You might be surprised to hear that over 70% of the time we’ve been able to significantly expand professional liability insurance coverage while maintaining or reducing premium costs – we clearly have a pretty good mouse trap. How about investing 30 minutes to see if your company falls in that 70 % and could in fact do better? Please go to our online CoverageCoach questionnaire to get a free no obligation professional liability insurance quote.
News & Articles
Multiple Places, Multiple Policies
Insurance Is Our Native Language
No Policy Covers Everything
Reality of Lawsuits
New Public Company Rules Hit Private Firms
But I Want to Fight, Not Settle Out of Court!
Professional liability insurance for IT Staffing Firms
Terrorism Insurance Finally Arrives
Business Risk Management Tips
Are You an Equal Opportunity Employer?
Lawsuit Costs
Privacy Disclosure Rules
Expanding Exclusions and Limitations
Is Your PR Hurting Your E and O?
Is Professional Liability Insurance needed?
Sufficient Limits Are Key
Overview and Current D and O Market Trends
Insurance Market Overview
Directors and Officers/EPL Market
Why IT Firms need EO?
If Disaster Strikes (PDF)
Why Private Firms should have D and O? (PDF)
Insurance Solutions for Private Companies (PDF)
© 2012 InsureCast -      All Rights Reserved.         Customer Service  Apply Now Contents