Technology & IT Company Insurance

Core coverages in this program

• •Technology Errors & Omissions
• •Cyber Liability & Breach Response
• •General Liability / Business Owner's Policy
• •Workers' Compensation
• •Hired & Non-Owned Auto
• •Employment Practices Liability

Tech E&O and cyber belong on the same policy

A single incident usually triggers both coverages: your code fails, client data is exposed, and the client sues for the business interruption while regulators ask about notification. Buying tech E&O from one carrier and cyber from another creates a coverage argument at the worst possible moment. Combined forms from carriers like Coalition, At-Bay, Beazley, and Chubb put both under one limit with one claims contact.

What technology insurance costs

Rating is driven by revenue, the sensitivity of data handled, contract limits, and your security controls. Multi-factor authentication, tested backups, and EDR now materially change pricing — several carriers decline accounts without MFA on email and remote access.

Why MSPs are rated differently than software companies

An MSP holds privileged access into every client environment, so one compromised RMM tool can cascade into dozens of claims. Underwriters ask specifically about privileged access management, separation of the RMM from production email, immutable backups, and whether you resell security tooling. Expect a supplemental application; expect better pricing when you can answer it cleanly.

Contract language technology vendors get asked for

Enterprise procurement and SOC 2 auditors look for evidence, not intentions. Common requirements before a signature:

• •$1M–$5M technology E&O including cyber and network security liability
• •$1M/$2M general liability with additional insured status
• •Cyber limits that match the contractual liability cap
• •Waiver of subrogation and primary & noncontributory endorsements
• •Workers' comp with employers liability at $1M/$1M/$1M