Insurance for Technology Companies

information technology technician at work

Products & Services

At Chubb, we help technology companies of all types and sizes protect against risk so that they can keep innovating and growing — from small startups to large multinationals, private venture-backed companies to public corporations. For more than 40 years, we've insured technology companies against property and business income, general liability, and professional liability risks. 

Errors & omissions (E&O) insurance
In an increasingly litigious society, it’s critical to have insurance protection against liabilities impacting professionals, the services they provide, and their company’s financial reputation.
Cyber insurance
Our cyber enterprise risk management insurance covers business interruption loss due to a network failure or attack, as well as investigation costs, legal costs, and other expenses.
Multinational insurance
U.S.-based companies with global operations want their insurance programs to be consistent across their sites and operations. Chubb’s tailored multinational coverage can help smooth that process.
Workers' compensation insurance
Companies of all sizes can get customized coverage with features like proactive managed care to speed return-to-work timeframes, fraud detection and prevention, and litigation and recovery management.
Umbrella & excess casualty insurance
Our robust, feature-rich policies offer insurance protection over and above your underlying policy limits and coverage options for your organization’s unique exposures.
Commercial auto insurance
Protect against vehicle operation exposures with our expert solutions — including enhanced policy features, driver training programs, and digital tools to assess, manage, and mitigate your risks.
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Case Studies

B2B Cloud-based technology software provider

In collaboration with Chubb’s incident response managers and trusted cyber vendors, the online retailer was able to minimize the impact of attack. The Chubb risk engineering team also helped the client build a business continuity plan so that critical IT functions would continue if there was another incident in the future.

Technology consultant firm

A client positioning itself as a total solution provider by offering bundled services to large corporations needed to protect their balance sheet with E&O insurance. This would enable them to respond to third-party claims alleging financial or economic injury. We were able to add this coverage as a supplement to their general liability insurance policy, and further to integrate with cyber insurance to reduce any gaps in their program.

Frequently Asked Questions

We insure a wide variety of clients — small startups and multinationals, private companies, and public corporations — including:

 

Software and Services companies

  • Prepackaged software
  • Value added resellers
  • Custom software developers
  • System integration services

 

Technology manufacturing

  • Hardware and electronic components (personal computers, mobile devices, servers)
  • Computer peripherals (printers, monitors)
  • Communications equipment
  • Semiconductors and related equipment

 

Technology services and consulting

  • Computer systems design
  • Computer programming
  • Systems integration
  • IT consulting, outsourcing, training, technical support

 

Communications and network service providers

  • Telecommunications services
  • Communications hardware maintenance
  • Data security services

At Chubb, we tailor your insurance solutions based on the specific needs and exposures of your company, informed by our broad and deep expertise in the technology insurance practice area.

 

That expertise and our extensive portfolio of technology clients — as well as our access to up-to-date industry data — allow us to benchmark the types of risks and losses technology companies face, as well as the coverage limits that are most prudent for your type and size of business. 

Technology companies are somewhat unique in the combination of risks to which they’re susceptible. Like many other companies, tech companies have tangible physical assets — like manufacturing facilities or consultancy office spaces. In tech, there are also amplified risks related to digital exposures that sometimes seem less tangible but are no less treacherous.

 

For example, if you manufacture or sell — or if your consultancy service recommends — software for a hospital system and that software has a vulnerability that exposes patient data, you can be liable for financial loss, privacy breaches, and more. Chubb understands and expertly underwrites these complex, multifaceted technology coverages.

Resources

Insights and expertise

We keep you informed – and your business protected – with these helpful articles.
colorful circuit board
Cyber
Cyber security terms you need to know
Keeping your company running smoothly online can be a challenge—our glossary of key cyber terms can help.
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How to improve cyber security for your small business
Just because you run a small business, doesn’t mean you’re beyond a hacker’s notice.
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Making data management a business priority
As more and more companies turn to big data and the cloud, business data management is going to become a key pillar of success.
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Protect your retail business from cyber crime
In today’s retail landscape, technologies create business efficiencies and the ability to easily transact sales around the globe—but they can also make retail stores vulnerable to cyber risks.
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Don’t play cyber risk "dominos" with your business
Cybersecurity risks are critically challenging for businesses, with the potential to cause severe business disruption and financial impact.
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How to protect your business from cyber threats when employees work from home
Operating your business with a remote workforce creates added cyber risks. Taking key steps will strengthen your cyber security.

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