Technology

Specialist cover that ticks all your tech boxes

Being at the forefront of innovation can expose technology companies to risks that aren’t covered by standard insurance policies. With Technology Business Insurance you can tailor the policy to your business – giving you the protection you need and ensuring you meet your contractual obligations.

What is Technology Business Insurance?

Technology Business Insurance provides specialist cover for anyone in the technology industry, from software, app and game developers to hosting and platform providers. Your policy can include professional indemnity, cyber liability and privacy liability. You can also add cover for public and employer’s liability, IT equipment, general office contents – and anything else you’d like to protect.

How it protects you

  • Professional indemnity – you’re covered for claims made against your company for breach of contract, infringement of intellectual property rights, defamation (libel or slander) and general errors or omissions
  • First party cyber liability – Technology Business Insurance covers your costs to retrieve, restore or replace data after a cyber attack, along with any financial losses as a result of online theft or business interruption
  • Third party cyber liability – your policy also protects you against third party claims for financial losses or the loss or theft of data caused by a hacker attack or virus that came from or passed through your system
  • Privacy liability – covers claims for a breach of individual privacy rights or confidentiality, along with the costs incurred as a result of a service provider error, say for information stored in the cloud

Why you should consider it

  • Given today’s compensation culture, claims for breach of contract, data loss or infringement of intellectual property rights are increasingly likely – and the consequences can be disastrous.
  • Some contracts aren’t covered by standard insurance policies. For example, if you’re signing up to contractual terms that are subject to a US court of law, you need to ensure your policy reflects this.
  • When your company depends heavily on technology, a hacker attack or virus can be very damaging to your reputation and your profit.

To discuss your Technology Business Insurance options, or to obtain a quote, call us now on 0118 916 5480 or email us.

Alternatively, to discover how we can help provide a tailored solution, visit our new Technology Insurance Challenges page.

“With Macbeth we get expert advice supported by a prompt and friendly professional service. They helped by specifically tailoring our insurance policies to meet with our US contractual terms and our business needs. I highly recommend Macbeth to take away any confusion and potential delay in arranging appropriate business insurance.”

Steve Black, Co-founder & COO,
Move Guides Ltd

Get in touch:   Reading: 0118 916 5480   London: 020 7036 8767   info@macbeths.co.uk