Technology companies face evolving business risks tied to software development, data handling, client contracts, and cybersecurity threats.
Mason-McBride supports technology organizations by identifying potential risk areas and reviewing insurance solutions available through multiple carriers, allowing informed decisions based on business model, services provided, and data sensitivity.
Insurance Considerations for Technology Businesses
Technology organizations operate in environments where digital operations, client reliance, and regulatory obligations intersect. Common risk considerations include:
- Cybersecurity incidents – Data breaches, ransomware attacks, and system intrusions
- Professional liability exposure – Errors, omissions, or failure to meet contractual obligations
- Client data responsibility – Handling, storing, or transmitting sensitive or regulated information
- Operational disruption – System outages, vendor failures, or service interruptions
- Third-party claims – Allegations related to privacy violations, intellectual property, or advertising injury
Mason-McBride works with technology businesses to assess how these exposures may affect insurance needs and coverage structure.
Insurance Solutions for Technology Organizations
Below are examples of common policy types technology organizations may consider:
- General Liability Insurance: May assist with third-party claims involving bodily injury, property damage, or advertising injury. Coverage can include legal expenses such as attorney fees and settlements if your company is named in a covered lawsuit.
- Professional Liability Insurance: Provides an added layer of liability protection by increasing coverage limits beyond those of your standard policies, offering support in the event of larger claims.
- Commercial Umbrella Insurance: Commercial umbrella insurance extends the liability limits of your underlying policies, providing additional protection if a claim exceeds your standard policy limits.
- Cyber Liability Insurance: Designed to help your business respond to events such as data breaches, cyber extortion, and system failures. Coverage may include data recovery costs, notification expenses, regulatory compliance, business interruption, and more.
Why Technology Companies Partner With Mason-McBride
Mason-McBride is an independent insurance agency that supports technology businesses through coverage evaluation and carrier comparison. Our approach allows technology organizations to:
- Compare insurance options from multiple carriers
- Align coverage with business operations and cybersecurity posture
- Adapt insurance programs as technology services evolve
We focus on helping technology companies understand available insurance solutions rather than promoting a single provider or predefined package.
Evaluate Insurance Options for Your Technology Business
If your organization is reviewing insurance options related to professional liability, cyber risk, or operational exposure, our team can help you explore coverage considerations based on your services, data use, and contractual requirements.
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