TECHNOLOGY

Protecting businesses in the technology arena. Technology companies are idea companies that focus on innovation. We partner with carriers who understand the unique risks that technology companies face and specialize in providing them with customized insurance solutions.

There are several types of coverage and policies that a technology company may need, depending upon their specific sector. One example is errors and omissions insurance which protects a technology company if a product they developed fails to perform as promised. The right coverage can also help with costs including attorney fees, court costs, settlement costs and other legal expenses. Other policies include cyber, general liability, property, professional liability, fidelity bonds and more.

Because your business is always innovating, you need coverage that can change with you.

Suppose your business develops a software product that causes problems with a client’s internal computer systems, and the client loses money as a result. Technology insurance could help cover the cost of claims related to those losses.

Or let’s say your company is developing a new software product for your client, and that software doesn’t perform as promised. Technology Insurance could help protect you in the event the client files a lawsuit.

And what if a client hires a software developer for a time-sensitive project, and the developer fails to complete the job on time. As a result, the client loses money. Again, technology insurance may help cover costs related to those issues.

These are just a few examples of the types of situations that may be covered by technology insurance.