We understand that technology is a broad spectrum and the possibilities are endless. So, you may feel that insurance can be a little generic and miss the mark relating to your business. Rest assured we make it our mission to tailor a policy and leave no gaps in cover. We see technology as the umbrella in which thousands of businesses operate each with a different product each operating differently with different unique selling points.
What Is Technology Insurance?
Technology insurance is the most diverse sector that you can imagine. At one end you may have people manufacturing components for computers at the other it can be cutting edge technology for space shuttles. Obviously, with the diversity in the sector, we need to show the same approach to the way we build an insurance policy. It is important that we can fully understand your business in order to provide the correct covers for the business.
We have access to the market-leading insurers for the industry. This allows us to obtain the best quality insurance to protect businesses in the sector. Not only this but our relationship with them means that we are able to achieve better outcomes for all parties.
How Does Our Process work?
Understanding the way we operate and the process we go through will help you to understand what we require from you. Initially, we will contact you in order to find out more about your business and get a general idea of the risks you face as a business. Next, we may require additional information or a proposal form completing upon request of the insurer. We will then approach insurers in order to obtain options and broker quotes on your behalf. We will then come back to discuss your options with you and advise where we can.
Types of Insurance for Technology Businesses
The types of insurances required by different technology businesses can be at different ends of the spectrum. But we pride ourselves on having the ability to identify and protect all risks to the business.
Typical Technology Insurances in the Industry Include;
- Public liability
- Product liability
- Employers liability
- Business interruption
- Machinery breakdown
More Complex Tech Insurance Requirements Include;
- Cyber liability and data protection
- Professional indemnity
- Management risks (directors and officers liability insurance, entity defence)
- Employment law protection
All of which we can tailor for you to cover and protect all your business needs. It can often be a mix and match process; you may decide that you have a greater risk in one area than another. All of which will be discussed with you during the process of obtaining quotes for the business.