Business Insurance
Insurance for Tech Companies
If you ship code, host data, or build technology for clients, your liability isn't physical. It's professional. A failed deployment, a data breach, a contract dispute over a delayed release: these are the claims that hit tech companies, and they require a different category of policy than a typical commercial GL.
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Who we cover
From two-person SaaS startups to established technology consultancies, the structure of your policy depends on how you sell, what you build, and how much customer data you handle.
- SaaS and B2B software companies
- IT consultancies and digital agencies
- MSPs and managed-service providers
- Hardware and IoT manufacturers
- AI / ML service providers
- Fintech, healthtech, and regulated-vertical software
What's typically included
Tech policies typically combine technology errors & omissions with cyber liability, sometimes called a 'tech E&O / cyber combined' policy. General liability is usually layered in for completeness.
- Technology errors & omissions (E&O)
- Cyber liability (first-party and third-party)
- Network security and privacy liability
- Media liability and IP infringement
- Business interruption from cyber events
- Crime and social engineering fraud
- Directors' & officers' for VC-backed companies
This is an overview. All coverages, limits, and exclusions can only be confirmed by a licensed MyBrokers broker on a quote tailored to your specific policy.
What moves the premium
Underwriters care about what your software does, who your customers are, and how much sensitive data you touch. Healthcare and financial-services clients raise the bar; pure consumer apps usually don't.
- Annual revenue and customer count
- Data sensitivity (health, financial, government)
- Geography of customers (US clients raise rates)
- SOC 2 / ISO 27001 status
- Whether you process payments or store PII
- Past breaches, claims, and incidents
Ready for a quote on insurance for tech companies? Talk to a real broker who specializes in it.
Frequently Asked Questions
Who Needs Insurance for Technology Companies?
Established technology companies need professional and cyber coverage that scales with their customer base, data exposure, and contract requirements. We cover:
- Software Developers
- Website Design & Marketing Agencies
- Ecommerce Brand Owners
- IT Consultants
- Computer Installations or Repairs
How Much Does Insurance for Technology Companies Cost?
Tech company insurance premiums are driven by what your software does, the geography of your customers, and the volume of sensitive data you handle. Cost factors include:
- Projected Revenues
- Types of Products or Services Offered
- The Value of your Assets & Liabilities
What will my Tech Company Insurance cover?
Insurance for technology companies bundles E&O, cyber, and general liability to cover both digital and physical exposures. Coverage typically includes:
- Commercial General Liability Insurance
- Professional Liability Insurance
- Cyber Liability Insurance
This is an overview. All coverages, limits, and exclusions can only be confirmed by a licensed MyBrokers broker on a quote tailored to your specific policy.
Still have questions? We'll quote it, explain it, and let you decide.
Other Insurance We Offer
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