Professional Liability
Technology E&O covers claims from software errors, system failures, missed deadlines, or negligent IT consulting advice.
Technology & IT Business Insurance for Startups to Enterprise
Technology companies face unique exposures: software errors, data breaches, and IP infringement claims. We compare multiple carriers to find specialized tech business insurance.
Coverage
What does Technology & IT insurance cover?
The right insurance program for your Technology and IT business combines multiple coverage types to protect against the specific risks your industry faces. Here are the key coverages to consider:
Cyber Liability
Covers data breaches, ransomware, network downtime, and regulatory fines — critical for any tech company handling client data.
General Liability
Covers bodily injury at client sites, property damage, and advertising injury claims like copyright infringement.
Business Owners' Policy
Bundles general liability and property coverage for tech companies — covers office equipment, hardware, and furniture.
Workers' Compensation
Required coverage for your developers, engineers, and IT staff for work-related injuries.
Who needs it
Who needs Technology & IT insurance?
If you operate a Technology and IT business, protecting your operations, assets, and clients with proper insurance coverage is essential. This includes:
- Software development companies and SaaS startups — Liable for software failures, data breaches, and service outages that cause client financial losses.
- IT managed service providers (MSPs) — Hold privileged access to client systems, making them liable for breaches, outages, and network failures.
- Technology consultants and freelancers — Provide advice and implementations where errors can cause significant client operational or financial losses.
- Data analytics and companies — Handle sensitive client datasets and deliver outputs where errors or data misuse can generate costly claims.
Why Ashmont Insurance Agency
The smarter way to insure your Technology & IT business
Our platform removes the guesswork from finding the right coverage at the best price.
Instant comparison
Our platform analyzes your Technology and IT business profile and compares policies from multiple carriers in seconds, surfacing the best coverage combinations at prices a traditional broker would take weeks to find.
Multiple top-rated carriers
We work with America's leading commercial insurers including The Hartford, Travelers, Chubb, CNA, Liberty Mutual, and more. More options mean better rates and broader coverage for your business.
Licensed advisors on demand
Our platform handles the research, but licensed commercial insurance advisors are always available to review your Technology and IT coverage, answer questions, and help you make the right decisions for your business.
FAQ
Frequently asked questions about Technology & IT insurance
Have more questions? Our licensed advisors are available by phone, email, or chat.
Technology E&O (professional liability) typically costs $1,500–$5,000 per year for small tech companies, depending on revenue, client contract sizes, and software complexity. SaaS companies and MSPs with large client bases may pay more. Ashmont Insurance Agency compares multiple carriers for competitive rates.
Tech E&O covers financial losses clients suffer due to your software errors, negligent advice, or service failures. Cyber insurance covers losses from data breaches and cyberattacks — to your own business and to third parties whose data you hold. Most tech companies need both.
Yes. Even pre-revenue tech startups may need insurance for client contracts, office leases, or investor requirements. General liability and professional liability are the most commonly required. Cyber liability is strongly recommended for any company storing customer data.
General liability advertising injury coverage includes some IP infringement protection (copyright and trademark). However, for patent infringement or complex IP disputes, you may need specialized media liability or intellectual property insurance.
Yes. Ashmont Insurance Agency lets you compare technology business insurance from multiple carriers online in minutes. We evaluate your software type, revenue, client contracts, and risk profile to find your most competitive options immediately.
Ready to protect your Technology & IT business?
Compare Technology & IT insurance quotes from multiple carriers the same day. No obligations, no phone tag — just smarter coverage for your business.