Technology companies face complex risks involving software, data, cybersecurity, professional services, client contracts, and intellectual property.
Mason-McBride helps technology companies evaluate insurance options designed around their operations, services, contractual requirements, and risk exposures.
From software developers and SaaS companies to IT consultants and technology service providers, we work with businesses to build insurance programs that support their operations and growth.
Request a Technology Insurance Review
When Technology Insurance Gets More Complex
Insurance needs can change as a technology company grows, takes on larger clients, develops new products or services, handles more sensitive data, or expands into additional states.
A broader insurance review may be useful when your company has:
- Client contracts with specific insurance requirements
- Significant professional or technology service exposures
- Access to sensitive customer or business data
- Software, platforms, or systems that clients depend on
- Increasing cybersecurity or privacy exposures
- A growing workforce or changing employee roles
- Operations or clients in multiple states
- Higher liability limits or umbrella/excess requirements
Insurance Considerations for Technology Businesses
Every technology business is different, but common insurance considerations include:
General Liability
Coverage for certain claims involving bodily injury, property damage, personal injury, and advertising injury.
Learn More About General Liability Insurance
Professional Liability
Technology companies often provide specialized services, software, consulting, or technical support. Professional liability insurance may help address certain claims involving errors, omissions, or failures in professional services.
Learn More About Professional Liability Insurance
Cyber Liability
Technology companies may store, process, or manage sensitive information and rely heavily on digital systems.
Cyber liability coverage may help address certain costs and liabilities associated with covered events such as data breaches, ransomware, network disruptions, and other cyber incidents.
Learn More About Cyber Liability Insurance
Commercial Property
Technology companies still have physical business assets to protect, including office space, computers, servers, equipment, furniture, and other business property.
Learn More About Commercial Property Insurance
Business Interruption
A technology company may depend on its systems, software platforms, equipment, and digital infrastructure to operate.
A covered loss or interruption can affect revenue, client service, and business operations. Business interruption coverage may help address certain lost income and continuing expenses following a covered loss.
Commercial Umbrella Insurance
Technology companies with significant contracts or liability exposures may consider additional liability protection.
Commercial Umbrella Insurance may provide additional limits above certain underlying policies.
Technology Companies and Client Contracts
Technology businesses frequently work under contracts that include insurance requirements, indemnification provisions, liability limits, and other risk-transfer provisions.
Before entering into a significant client or vendor agreement, it can be useful to review requirements involving:
- General liability
- Professional liability
- Cyber liability
- Umbrella or excess liability
- Additional insured status
- Certificates of insurance
Mason-McBride can help technology businesses evaluate how contractual requirements fit within their existing insurance program.
Employee Benefits for Technology Employers
Attracting and retaining skilled employees is an important consideration for many technology companies.
Mason-McBride helps technology employers evaluate employee benefits options, including:
- Group health insurance
- Dental and vision benefits
- Life insurance
- Disability coverage
- Voluntary benefits
Risk Management for Technology Companies
Insurance is only one part of managing risk for a technology business.
A broader review can also consider contracts, cybersecurity, data security, business continuity, professional services, employee roles, client requirements, and changes in the company's products or operations.