Technology Industry Insurance Guide 2025
Complete guide to business insurance for technology companies, including cyber liability, E&O, and IP protection
Top Risks in Technology
Cyber attacks and data breaches
High impact on technology companies nationwide
Intellectual property disputes
High impact on technology companies nationwide
Professional liability claims
High impact on technology companies nationwide
Business interruption from outages
High impact on technology companies nationwide
Essential Insurance Coverage
Cyber Liability
Protects against data breaches, ransomware, and cyber attacks
Errors & Omissions (E&O)
Covers professional mistakes and negligence claims
General Liability
Basic protection for bodily injury and property damage
Directors & Officers (D&O)
Protects company leadership from personal liability
Total Estimated Cost: $85,000/year for comprehensive coverage
Industry Claims Statistics
Average Claim Size
$275,000
Most Common Claim
Data breach
Average Deductible
$10,000
Claim Frequency
1 in 8 companies/year
Insurance Best Practices for Technology
Review coverage annually
Technology evolves rapidly - ensure your coverage keeps pace
Bundle policies for savings
Save 15-25% by bundling multiple coverages with one carrier
Implement risk management programs
Proactive risk management can reduce premiums by up to 30%
Work with specialized brokers
Technology-focused brokers understand unique risks better
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Get the complete 25-page Technology insurance guide as PDF
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