Technology and software

Technology businesses face unique risks and need specialist insurance. Whether you’re an app, software or games developer, or a hosting or platform provider, your insurance needs will be different and should be tailored to your business.

Technology is the fastest-growing sector in the UK and is estimated to be worth more than £180 billion to the UK economy. In fact, growth in tech is outperforming every other sector. But can your insurance portfolio keep up with this rapid pace?

Read our blog

Technology and software

Read our blog

Risks to Consider

Professional indemnity

This protects against action brought as a result of the advice given or faults in the design of software. Software is sometimes treated as a product – which changes the claim.

Cyber liability

This protects you against third-party liability claims. Liability would cover you for legal liability for failure to handle, manage, store and destroy data and the associated costs.

Extortion by threat of cyber attack

This covers the costs of dealing with extortion by threat of cyber-attack.

Intellectual property

This covers infringement of copyright or patent.

We work with a wide range of technology companies in the region and have a strong understanding of the risks you face. Our sector knowledge combined with our focus on the ‘small print’, means we can advise at a deeper level than most brokers. For example, we recognise that your customers and suppliers are likely to be inside and outside of the UK. We can advise on any contractual clauses that might jeopardise your insurance.