Technology Industry Insurance

Protection against cyber threats, including data breaches, ransomware, and hacking. It aids in covering costs related to recovering lost data and notifying affected customers. It's crucial for any business handling sensitive information online.

Covers third-party injuries, property damage, or claims arising from your operations. It includes legal costs if someone sues your business for an accident. This coverage is essential for businesses interacting frequently with the public.

Coverage for IP disputes, including copyright, trademark, and patent. It helps fund legal defenses if someone claims your business infringed on their IP. This support is vital for businesses creating unique products or content.

If you manufacture or sell hardware, this covers injuries or damage caused by defective products. It protects you from lawsuits related to defective items. Ensuring safety and compliance reduces these risks.

Coverage in case your business operations are disrupted due to an insured event, like a cyber-attack or fire. It helps maintain financial stability during recovery. Having a plan eases the process of getting back to normal operations.

Protection for claims related to wrongful termination, discrimination, harassment, and other workplace issues. It helps manage legal expenses if employees sue over workplace conditions. Promoting fair practices minimizes the chance of these claims.

Covers physical damage to your office equipment, servers, or hardware. It also helps replace items after theft or damage from natural disasters. For example, a water leak from a broken pipe floods a room that houses critical equipment and destroys it.

This insurance ensures that leaders can focus on their responsibilities without fearing personal financial loss by covering legal fees and damages if they are sued for decisions made while performing their duties. Coverage protects the personal assets of executives and board members from lawsuits related to the organization's decisions. This coverage is especially important in safeguarding against claims of mismanagement, breach of fiduciary duty, or other allegations of wrongful acts made in the course of their corporate governance roles. For example, an employee is fired and sues the organization for wrongful dismissal.

A specialized policy that helps cover the costs of responding to and managing a data breach, including legal fees and customer notification. It also covers credit monitoring for affected customers. This ensures your business can handle the breach smoothly and maintain trust.

More focused on service-related errors, such as an IT consultant’s failure to implement a system as specified. It covers legal defense and settlement costs if a client sues. This protects your business from the financial impact of mistakes in your services. For example a few bugs were not fixed before installing new software on your client’s computer network and their system fails to perform as expected, leading to lost revenue.