IT/Technology Insurance
Reliable Protection for Developers, Engineers & Digital Service Providers
What Is IT/Technology Insurance?
IT & Technology Insurance is specialized coverage designed for businesses and professionals who develop, support, or manage technology systems, software, and digital services. This includes IT consultants, software developers, cybersecurity firms, managed service providers (MSPs), web designers, tech support teams, SaaS companies, data specialists, and hardware technicians.
This insurance protects your business from risks such as coding errors, service failures, cyberattacks, data breaches, equipment damage, and client claims related to technology performance or security. Whether you work remotely, onsite, or in a tech office, this coverage keeps your operations protected in a fast-moving digital world.
Why Do You Need It?
Tech companies and IT professionals face unique risks—from system crashes and coding mistakes to cyber threats and data loss. A small software bug or configuration error can cause significant financial losses for a client, potentially leading to lawsuits or contract disputes. Meanwhile, cyberattacks and ransomware incidents continue to rise, putting sensitive client and company data at risk.
IT & Technology Insurance protects your business by covering liability claims, data breaches, legal costs, equipment damage, and lost income due to outages or downtime. With the right coverage, you can innovate confidently while maintaining trust, compliance, and financial security.
Types of IT/Technology Insurance
Technology Errors & Omissions (Tech E&O) – Covers claims of software bugs, system failures, coding mistakes, or professional errors that cause client losses.
Cyber Liability Insurance – Protects against cyberattacks, data breaches, ransomware, and compromised digital assets.
General Liability Insurance – Covers third-party injuries or property damage that occur at your office or during onsite service calls.
Commercial Property Insurance – Protects servers, hardware, office equipment, and workspaces from fire, theft, or vandalism.
Business Interruption Insurance – Helps replace lost income if operations are disrupted by a covered event, outage, or disaster.
Workers’ Compensation – Covers employee injuries that may occur in office environments or during onsite tech work.
Employment Practices Liability Insurance (EPLI) – Protects against claims related to hiring, workplace conduct, or wrongful termination.
Equipment Breakdown Coverage – Covers essential technology equipment like servers, networking devices, and specialized hardware.
Commercial Auto Insurance – Provides coverage for vehicles used for onsite IT support or equipment transport.
Intellectual Property (IP) Insurance – Protects against disputes involving patents, trademarks, proprietary code, or software designs.