Insurance for technology companies: the risks of selling software, services and expertise
Software and SaaS companies, tech consultancies, integrators and startups. Your clients require insurance in contracts, your investors ask for D&O, and your main assets are data and talent. We design the programme you need at each stage.
A tech error doesn't break anything, but it can cost a lot
Most claims against a technology company are not for physical damage but for financial loss: an implementation that paralyses the client, a software bug, a service outage or a data breach.
These risks are covered by professional liability and cyber insurance, not by the general liability cover many companies have. And contracts with large clients usually require specific limits for both.
Worth knowing
Review the insurance your contracts require before signing them: limits, additional insureds and waivers of subrogation. They are often negotiable.
The insurance programme for a technology company
Tech professional liability
Errors, omissions and failures in the software or service that cause financial loss to your clients.
LiabilityCyber risks
Data breaches, attacks, service outages and liability to clients and users.
Cyber risksD&O
Protection for founders and board members, which investors usually require after a funding round.
D&OFunding rounds and acquisitions
Warranty and indemnity insurance when the company is sold or a significant investor comes in.
M&A insuranceElectronic equipment
Servers, equipment and laptops against damage, theft and breakdown, including data restoration.
Property damageTalent
Health insurance and flexible remuneration to attract and retain the most sought-after profiles.
Employee benefitsWhat we review in a technology company
We compare the insurers specialising in technology and review policies with your contracts in front of us, so that what you sign with your clients is actually covered.
- Business description. The policy should reflect what you actually do: development, SaaS, consulting, integration or maintenance.
- Contractual requirements. Limits, additional insureds and clauses your clients ask for.
- Liability and cyber coordination. No gaps between the two policies in a data incident.
- Territorial scope. Clients and users outside Spain, especially in the United States.
- Growth. Policies that keep pace with funding rounds, new investors and international expansion.
Measure your cyber exposure in two minutes
Check for free how well your email is protected against spoofing, the security of your website and the services you have exposed online, or calculate what a day without systems would cost you.
What clients usually ask us
Do I need professional liability if I already have general liability?
Yes, if you sell software or technology services. General liability covers personal injury and property damage; financial loss caused by an error in your service is covered by professional liability.
Why do investors ask me for D&O?
Because the board members they appoint take on personal liability for running the company. Shareholders' agreements commonly require it after the round.
Does cyber insurance cover an outage of my platform?
Depending on the policy, it can cover your own loss of profits and liability to clients. An outage caused by an internal failure without an attack is not always included; it is one of the points we review.
I'm a startup. What insurance do I need to begin with?
Usually professional liability and cyber, and D&O once investors come in. We help you prioritise according to your stage and your contracts.
We will review your technology company's insurance
Tell us who you are and what you do. One of our specialists will contact you to review your policies and the insurance your contracts require.
- Comparison across more than 40 insurers
- A review of your current policy, if you have one
- A single point of contact who also supports you with claims
Request your review
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