UK Technology Company Insurance Quotes
Technology Company Insurance
One policy that can combine property, liability, professional indemnity, cyber and business interruption cover, matched to what your technology business actually does.
Why compare tech cover here?
- Bring property, liability, PI, cyber and BI cover into one commercial combined policy
- Built for AI, software, SaaS, IT, fintech, data and other technology firms
- Enterprise limits from £1m up to £10m and above
What is technology company insurance?
Technology company insurance combines property, liability, professional indemnity, cyber and business interruption cover into one arrangement, with the exact mix set by what the company actually does. It is an umbrella term rather than a single product off a shelf: a software house, an IT consultancy, a SaaS platform and a hardware business all sit under the same heading, yet each needs a different combination assembled around the business.
For established and growing technology companies the usual way to buy it is a commercial combined policy, a single modular policy that brings the covers a business needs under one wording and one renewal instead of buying professional indemnity, cyber and property separately. The firm picks the covers that match its activities, and because everything sits together there is one renewal to manage and far less room for the gaps that open up between separate wordings.
Related business cover
How technology company insurance works
Describe the business
Share your activities, staff numbers and wage roll, the equipment you hold, your largest client contracts, the data you handle and the countries you trade in. Accurate answers bring back sharper quotes from the underwriting panel.
Weigh up specialist quotes
Your details reach brokers who place technology risks every working day. They price professional indemnity, cyber, liability, equipment and business interruption against your firm rather than a generic profile.
Set the policy up and stay covered
Settle on a commercial combined policy that brings the covers together on one renewal, with professional indemnity and cyber limits set to match your client contracts and data exposure.
Commercial Combined Insurance for Technology Companies
For an established technology company, commercial combined insurance is the usual way to buy cover. It brings property and equipment, liability, professional indemnity, cyber and business interruption together in one policy with a single renewal, instead of buying and tracking a stack of separate standalone policies. The MyMoneyComparison.com commercial combined quote form adapts to the covers your firm selects, and every policy is arranged through FCA-regulated UK insurers and brokers.
Servers, workstations, laptops, network hardware and office contents are protected against fire, theft, escape of water and accidental damage, with buildings added at full rebuild value where the company owns its premises. This property base is what a commercial combined policy is built around.
Employers' liability is required by law once you employ staff, and public liability answers injury or property damage claims from clients and visitors, whether at your premises or theirs.
Answers claims that arise from your advice, code, software or services, taking in errors, omissions, negligent work and failure to deliver. It is frequently written into client contracts as a condition of winning the work.
Covers data breach, ransomware and cyber business interruption, together with the forensics, incident response and breach notification costs that follow an attack, plus the third-party liability a data incident can trigger.
Replaces the income you lose and meets the fixed costs that carry on when an insured event or cyber incident forces the company to stop trading, giving the business room to recover.
What can technology company insurance cover?
Technology company insurance can bring together every cover an established tech firm needs, from the liability the law requires to professional indemnity, cyber, property and business interruption. Each component below can sit inside one commercial combined policy, and the quote form adapts to the ones your business selects.
Employers' Liability
A legal requirement once you employ staff, set at a minimum of £5m by law and usually provided at £10m, covering claims from employees injured or made ill through their work.
Public Liability
Meets claims for injury or property damage caused to clients, visitors or the public, with cover commonly arranged at £1m, £2m or £5m depending on the contracts you hold.
Professional Indemnity
Answers claims arising from your advice, code, software or services, including errors, omissions and negligent work, and is often required by client contracts.
Cyber Insurance
Covers data breach, ransomware and cyber business interruption, along with forensics, incident response, breach notification and the third-party liability that follows an attack.
Business Interruption
Replaces lost income and meets ongoing costs when an insured event or cyber incident forces the company to stop trading while it recovers.
Contents and computer equipment
Protects servers, workstations, laptops, network hardware and office contents against fire, theft, escape of water and accidental damage.
Buildings
Covers the structure at full rebuild value where the technology company owns rather than rents its premises.
Stock
Covers physical goods held on site, such as hardware, devices and components, for firms that carry inventory.
Products Liability
Meets third-party injury or damage claims linked to the hardware, devices or electronic products a firm supplies or manufactures.
Money
Covers cash and negotiable items on the premises, in transit and held in a safe.
Legal Expenses
Funds the cost of pursuing or defending disputes, taking in contract, employment and debt recovery matters.
Employee theft and fidelity
Covers financial loss caused by dishonesty or theft committed by your own staff.
Directors & Officers and Management Liability
Protects directors and managers personally against claims arising from their decisions and the running of the business, where available.
Terrorism
Adds cover for damage and interruption caused by terrorism where the location, lender or contract calls for it.
The exact mix is built around what your technology company does, the staff and equipment you carry and the contracts you hold. Compare technology company insurance through the commercial combined quote form and bring the right components together under one policy.
Who it is for
Who is technology company insurance for?
Technology company insurance is for UK tech businesses of every kind, from AI and software firms to IT, cloud, fintech, data and hardware companies. Whatever the sub-sector, a commercial combined policy brings the liability, professional, cyber and property cover each one needs under a single arrangement.
Machine learning and AI
AI and artificial intelligence companies
Firms building AI and machine learning products carry exposure around the accuracy and bias of their models, the advice and outputs they provide, the client data they handle and the contracts they sign, alongside cyber and business interruption risk.
Software
Software companies
Development houses and product firms face professional indemnity and cyber exposure across the code they ship, the integrations they build and the support they provide.
Subscription platforms
SaaS companies
Subscription and platform businesses carry uptime, SLA and data exposure, where a fault or outage can drive a professional indemnity or business interruption claim.
Mobile and web
App developers
App studios building for clients or their own platforms need cover for code errors, data handling and the contracts that sit behind each release.
Contract and freelance
Software developers
Independent and contract developers are routinely asked for professional indemnity cover before a client will sign, on top of their own equipment and cyber risk.
IT services and advice
IT companies and IT consultancies
IT firms and consultancies advising, installing or supporting client systems face claims over recommendations, configuration and downtime.
Hosting and infrastructure
Cloud service providers
Hosting and infrastructure providers carry heavy data, uptime and third-party liability exposure that a combined policy can bring together.
Analytics and insight
Data and analytics companies
Firms processing and analysing data hold significant privacy and cyber exposure, plus professional indemnity around the insight they deliver.
Financial technology
Fintech businesses
Fintech firms combine software, financial services and sensitive customer data, so they need broad professional indemnity, cyber and liability cover.
Security services
Cybersecurity companies
Security firms are held to a high standard by clients, making professional indemnity and cyber cover central to the contracts they win.
Advisory and strategy
Technology consultants
Independent technology consultants advising on systems, strategy and delivery face claims over the guidance they give and the outcomes clients expect.
Managed IT
Managed service providers (MSPs)
MSPs running client systems day to day carry exposure across downtime, security incidents and the service levels written into their contracts.
Hardware and devices
Hardware and electronics technology companies
Firms designing, making or supplying hardware add products liability and stock cover to the liability and cyber lines a tech business needs.
Networks and comms
Telecoms and communications technology businesses
Telecoms and communications firms carry infrastructure, service continuity and third-party liability exposure across the networks and services they run.
Whichever describes your firm, compare technology company insurance quotes and bring the right covers together under one commercial combined policy.
Insurance for AI Companies and Artificial Intelligence Businesses
AI companies need insurance that covers the professional and technology risks of building and supplying artificial intelligence: the advice and model outputs they provide, errors or omissions in their work, the accuracy and bias of their models, the client data they handle, cyber incidents and the contracts they sign. A commercial combined policy brings professional indemnity, cyber, liability, property and business interruption cover together into one policy for an AI business.
- Providing AI, machine learning and software services, and the professional advice that goes with them
- Errors or omissions in models, code or implementation work
- The accuracy and bias of model outputs that clients rely on
- Handling, storing and protecting client and training data
- Cyber incidents, ransomware and data breaches
- Contractual liabilities and service levels owed to clients
- Employing staff and holding computers, servers and office equipment
- Downtime and disruption that interrupts the business
- Professional indemnityClaims arising from advice, model outputs, errors, omissions, negligent work and intellectual property infringement, and it is frequently a requirement in client contracts.
- Cyber insuranceData breach and ransomware costs, forensics and incident response, breach notification and third-party liability for privacy and network security.
- Public and employers' liabilityInjury or damage to third parties, plus cover for your people. Employers' liability is a legal requirement once you employ staff, with a minimum of £5m.
- Property and equipmentComputers, servers, laptops and office contents against loss or damage, wherever your team works.
- Business interruptionLost income when an insured event stops the business from operating.
Where an AI insurance claim can come from
The exposures above are not theoretical. Most claims against an AI business trace back to the work it delivers, the data it holds or the people it employs, and each maps to a component of the wider policy.
A client says a model's output was inaccurate or biased and led to a decision that cost them money, then brings a claim over the advice and work you supplied.
Personal data used to train or run a model is exposed in a breach. UK GDPR requires notifying the ICO within 72 hours, and the response costs and third-party claims follow.
A visitor is injured at your premises, or equipment is damaged, while a separate outage halts billable work and interrupts your income.
Bring your AI company's exposures together
Rather than buying professional indemnity, cyber and liability as isolated policies, an AI business can bring them together in one commercial combined policy that reflects how it actually operates. Compare AI company insurance quotes and set the cover around your services, data and contracts.
Insurance for software and SaaS companies
Insurance for software and SaaS companies brings professional indemnity, cyber, business interruption and equipment cover together, usually as a single commercial combined policy, because a software firm's biggest risks live in the code it ships, the platforms it runs and the client data it holds rather than in bricks and mortar. Whether you develop bespoke software, run a subscription SaaS platform, implement and integrate systems or support them afterwards, the cover is built around those activities and the contracts they sit under.
Set professional indemnity and cyber limits to match your client contracts, not just your own comfort level. Software and SaaS suppliers are increasingly asked to evidence specific PI and cyber limits before an enterprise client will sign, and service level agreements can create liabilities well above a firm's own income. Declaring your real activities, your largest contracts and the data you handle at quote stage points you at insurers who understand software risk and lets a broker set the right limits before a client contract is signed, not after a claim. Getting this right at the outset is what stops a signed SLA outrunning the cover behind it.
MMC Technology Insurance Specialists, FCA-authorised (reg. 916241)
Software development and developers
A defect, bug or missed requirement in software you build can cause a client financial loss, and the claim that follows falls to professional indemnity rather than any physical cover. Software company and software developer insurance centres on this exposure: errors and omissions in the work, late or failed deliverables, and disputes over whether what was built matches what was agreed.
SaaS platforms and uptime
A SaaS platform is judged on availability, and an outage or performance failure can breach the service levels a subscription promises. Professional indemnity responds to claims that the platform did not perform as contracted, while business interruption covers your own lost subscription income when an incident takes the service offline.
Implementation, integration and support
Implementing software into a client's systems, migrating data and integrating with third-party services all create room for something to go wrong on the client side. Professional indemnity covers claims arising from implementation errors, failed integrations and ongoing support and maintenance work, which is where many technology disputes actually begin.
Client contracts and SLAs
Enterprise clients routinely require a supplier to hold professional indemnity and cyber cover at set limits before they will sign, and service level agreements commit you to specific uptime and response standards. Policy limits are chosen to match these contractual requirements, so cover lines up with what your largest agreements demand rather than falling short of them.
Cyber and data exposure
Software and SaaS firms hold client data and hold the keys to client systems, which makes them a target for breaches and ransomware. Cyber cover meets the first-party costs of an incident, from forensics and data recovery to breach notification, alongside third-party liability, and UK GDPR requires notifying the ICO within 72 hours of a qualifying breach.
Business interruption and equipment
When an incident stops you trading, whether a cyber event, a fire or loss of premises, business interruption cover replaces the income you would have earned while you recover. Contents and computer equipment cover sits alongside it for the servers, laptops and office kit a software business depends on day to day.
Software and SaaS companies rarely fit a single off-the-shelf policy, so the cover is assembled around how you build, host and support your product. Compare technology company insurance quotes to bring professional indemnity, cyber, business interruption and equipment cover together in one commercial combined policy across our specialist broker panel.
IT Company and Technology Consultancy Insurance
IT companies, IT consultancies and managed service providers all need cover for the advice and implementation work they do, the client systems they manage, and the data and equipment they hold. The core exposures overlap, but the emphasis shifts across the three, which is why a commercial combined policy is built up around each firm's actual activities rather than sold as a single fixed package.
IT companies
Firms that supply, install and support IT: hardware, networks, software rollouts and on-site work. Their exposure runs from the advice they give to the kit they sell and the systems they touch on a client's premises.
- Professional indemnity for implementation work
- Cyber cover for the systems you handle
- Public and employers' liability
- Contents and computer equipment
- Products liability on hardware supplied
IT consultancies
Consultants and technology advisers whose product is their recommendation: architecture, strategy, systems design and project delivery. Professional indemnity sits at the centre, because a client claim usually follows the advice rather than a physical loss.
- Professional indemnity for the advice you give
- Cyber and client data exposure
- Public and employers' liability
- Laptops and equipment on the move
- Higher PI limits where contracts demand them
Managed service providers
MSPs that run and monitor client IT day to day, holding credentials, data and access across many customers. That ongoing responsibility puts cyber and business interruption alongside professional indemnity at the front of the cover.
- Professional indemnity for managed work
- Cyber cover, front and centre
- Public and employers' liability
- Servers, kit and office contents
- Business interruption for downtime
| Cover component | IT company | IT consultancy | MSP |
|---|---|---|---|
| Professional indemnity | |||
| Cyber and data breach cover | |||
| Public and employers' liability | |||
| Contents and computer equipment | |||
| Products liability on hardware supplied | |||
| Cover for systems and networks you manage | |||
| On-site installation and integration | |||
| Business interruption |
Which components sit at the front of the policy depends on what your firm actually does, and most IT businesses carry a mix of all three profiles. Compare IT and technology consultancy insurance quotes to build the cover around your services, contracts and client systems.
Cyber and professional indemnity for technology companies
For a technology company, two cover components carry most of the weight: professional indemnity for the work you deliver and cyber for the data you hold. Both belong inside a commercial combined policy alongside your liability, equipment and business interruption cover, and the limits on each are set to match your client contracts and your real exposure rather than bought as isolated policies.
Professional indemnity and cyber are the two cover components that matter most to a technology company, and both sit inside the wider commercial combined policy rather than being bought on their own. Professional indemnity responds to claims arising from your advice, services or software, from errors and omissions to a failure to deliver, and is frequently a contractual requirement from clients. Cyber responds to data breaches, ransomware, cyber business interruption and third-party liability, with UK GDPR requiring the ICO to be notified within 72 hours of a qualifying breach. Read together, they cover the two ways a modern tech firm most often faces a claim: something going wrong in the work, and something going wrong with the data.
Professional indemnity
available indemnity limits
Professional indemnity answers claims that your advice, services or software caused a client financial loss, including errors, omissions, negligence and failure to deliver. It is the cover most technology client contracts insist on, and the limit is set to meet those contracts. Limits of £1m, £2m, £5m and higher are widely available.
What it responds to- Errors and omissions in your work
- Negligence and intellectual property claims
- Contractual insurance requirements
Cyber insurance
available cyber limits
Cyber cover meets the cost of a data breach or ransomware attack: forensics, data recovery, breach notification and incident response, plus third-party liability if client data is exposed. It also covers cyber business interruption when an attack stops you trading. UK GDPR requires notifying the ICO within 72 hours of a qualifying breach.
What it responds to- Data breach and ransomware costs
- Cyber business interruption
- Third-party liability and ICO notification
Set within commercial combined
employers' liability provided
Professional indemnity and cyber are two components within a commercial combined policy, not standalone purchases. They sit alongside employers' liability, provided at £10m against a legal minimum of £5m, plus public liability, business interruption and equipment cover, so a technology company holds its exposures under one policy with limits set across the whole picture.
What it responds to- Employers' liability, legal minimum £5m
- Public liability and business interruption
- One policy, one renewal date
A single incident can trigger both covers at once. A data breach that also puts you in breach of a client contract can bring a cyber claim and a professional indemnity claim from the same event, which is one reason they are better held together in one policy than bought separately. Limits are chosen to match your largest client contracts and your real data exposure, and both are read alongside employers' liability, public liability and business interruption so the policy covers the whole risk rather than a single slice of it. Setting the right limit on each at the outset is what keeps cover in step with the contracts you sign.
Important: The figures on this page are available cover limits, not prices or quotations. They describe the levels of professional indemnity, cyber and liability cover a technology company can select, and the right limits depend on your client contracts, the data you handle and your activities. Cover is subject to the policy wording, underwriting and the insurer's terms. Always compare multiple quotes before purchasing. MyMoneyComparison.com Ltd is authorised and regulated by the Financial Conduct Authority, FCA registration number 916241.
Limits are set to match your contracts and exposure. Compare technology company insurance quotes to bring professional indemnity and cyber together with your liability, equipment and business interruption cover in one commercial combined policy across the MyMoneyComparison.com broker panel.
The risks and claims technology companies face
Technology companies rarely face a fire or a flood as their biggest threat. The claims that hurt most come from the work and the data: a software error that costs a client money, a contract dispute, a breach or ransomware attack, or an incident that stops the business trading. Each of these maps to a specific cover inside a commercial combined policy. Whether a claim is paid in full usually comes down to whether the right cover was selected and the right limit set at quote stage, not to what happened on the day of the loss.
| Scenario | When the claim is paid in full | When the claim is reduced or declined |
|---|---|---|
| Software error or a missed deliverable | Paid Professional indemnity responds. A client suffers a financial loss from a defect in the software you built or a deliverable that missed the agreed specification, your PI limit matches the contract, and the work and change requests are documented. The claim, defence costs and any award are met. | Reduced The professional indemnity limit sits below what the client contract required, so the settlement is capped short of the loss. If PI was left off the policy altogether, or the dispute is really about unpaid fees rather than a professional error, there is nothing to respond. |
| A client contract dispute | Paid Professional indemnity responds where a client alleges your work was negligent, late or not to the standard the contract set, defending the claim as well as meeting any settlement. Clear contracts, scope documents and sign-offs make the position far stronger. | Declined The dispute turns on a liability the firm accepted in the contract that goes beyond negligence, such as an uncapped penalty or a guarantee, or on fees and deliverables outside what PI covers. Contract terms agreed without checking the insurance position often sit here. |
| A data breach or ransomware attack | Paid Cyber cover responds. It meets forensics, data recovery, breach notification and incident response, covers cyber business interruption while systems are down, and answers third-party liability if client data was exposed. The ICO is notified within the 72 hour window UK GDPR requires. | Declined Cyber was not selected on the policy, agreed security controls such as multi-factor authentication were not in place, or the breach was known about and left unreported. A general commercial policy without a cyber section will not answer these costs. |
| Loss of or damage to computer equipment | Paid Contents and computer equipment cover responds when servers, laptops and office kit are damaged, destroyed or stolen by an insured event such as fire, theft or escape of water, and the equipment sum insured reflects the true replacement cost. | Declined The equipment sum insured was set too low so the payout is scaled back, portable kit used away from the premises was not extended for off-site cover, or the loss is simple wear and tear rather than an insured event. |
| A member of staff injured at work | Paid Employers' liability responds. It is a legal requirement once you employ staff, provides a legal minimum of £5m and usually £10m, and meets the claim and legal costs where an employee is injured and the firm is found liable. Risk assessments and records support the defence. | Declined No employers' liability was in force, which is also a legal breach, the person injured was genuinely self-employed and outside the cover, or a serious safety failure was known about and ignored. |
| Business interruption after an incident | Paid Business interruption responds when an insured event, a fire, a cyber attack or loss of premises, stops you trading, replacing the income you would have earned across a sensible indemnity period while you recover and get back to normal operation. | Declined The indemnity period was set too short to cover a realistic recovery, the interrupting event itself was not insured (a cyber outage with no cyber section, for example), or the income and increased costs were understated when the cover was set. |
A reduced or refused technology claim nearly always comes down to one of four things: a cover component simply not selected (no cyber section, no professional indemnity), a limit set below what a client contract demanded, a material fact left out at quote (activities, data handled, largest contracts), or a security control that was agreed but not in place. At claim stage, insurers commonly ask for the client contract, the scope and sign-off records, the incident timeline and the original declaration, checking the policy lines up with the business as it really operates.
Specialist technology brokers build these outcomes into the cover before anything goes wrong. Compare technology company insurance quotes to see which covers sit in a commercial combined policy as standard and which limits should be set for your own contracts and data.
What information is needed for a technology company insurance quote?
A technology company insurance quote is built from a clear picture of what your business does and who it does it for. Expect to give your turnover, the number of employees and your wage roll, your business activities, your largest client contracts, the countries you trade in, the types of client you serve, the data you handle, your claims history, the professional indemnity limits your contracts call for, your cyber exposure and your premises details. The MyMoneyComparison commercial combined quote form is adaptive, so it asks only what is relevant to the covers you select.
Your business and its finances
Underwriters start with what your company does and its scale, so have the basic trading picture to hand before you begin.
- Annual turnover and how it is expected to grow
- Number of employees and total wage roll
- Your business activities and the services you deliver
- Any claims history over recent years
Your clients, contracts and data
Much of a technology company's risk sits in its contracts and the data it holds, so the underwriter needs the client picture.
- Your largest client contracts and their value
- The types of client you work with
- The countries you trade in or supply
- The client and personal data you handle
Your cover requirements and premises
Client contracts and your own exposure set the limits you need, and your premises complete the picture for property and liability cover.
- Professional indemnity limits your contracts require
- Your cyber exposure and the systems you rely on
- Premises details, contents and computer equipment
- One form, several quotes matched to your business
Fintech, data, cloud and cybersecurity technology companies
Technology company insurance stretches across sub-sectors that each carry a distinct risk profile. Fintech, data and analytics, cloud, cybersecurity, telecoms and hardware businesses all give professional advice or run services that clients depend on, so professional indemnity, cyber and contractual liability sit at the centre of their cover alongside property, equipment and employers' liability. Open any heading below to see how a commercial combined policy responds for each.
Fintech businesses
Fintech businesses, from payments and lending platforms to wealthtech, insurtech and open-banking providers, operate where financial services and technology meet. Many are authorised or registered with the Financial Conduct Authority, and their client contracts routinely set out the insurance they must hold. Professional indemnity responds to errors in the advice, software or financial processes they deliver, while cyber cover addresses the breach and fraud exposure that comes with handling money and financial data.
Contractual liability to banks, partners and enterprise clients often drives higher professional indemnity limits, and directors and officers cover matters where the business is regulated. Compare fintech company insurance as a commercial combined policy that brings these covers together.
Payments, open banking and regtech technology
Payment processors, open-banking and account-information providers, and regtech firms sit in a heavily regulated part of the market. They move funds, connect to bank APIs and handle sensitive transaction data on behalf of others, which raises both the professional indemnity and the cyber exposure well above that of a general software business.
A single processing error, an API integration fault or a data breach can affect many clients at once, so aggregation of loss is a real concern. Cover needs to reflect the volume of transactions handled, the third parties relied on and the regulatory obligations the business carries.
Data and analytics companies
Data and analytics companies collect, process, model and report on large volumes of information, frequently including personal data caught by UK GDPR. Their core risk is professional indemnity, where a flawed dataset, model or analysis leads a client to a costly decision, alongside the privacy exposure that comes with holding personal data.
Cyber cover addresses breach response, forensic costs and third-party liability if data is exposed, and UK GDPR requires a qualifying breach to be notified to the Information Commissioner's Office within 72 hours. Clear data-handling and retention practices support both the cover and the price.
Cloud service providers and hosting companies
Cloud service providers, hosting companies and infrastructure businesses carry availability and service-level obligations that few other technology firms face. When a platform goes down, clients lose their own trading capacity, and service credits or claims can follow quickly.
Their cover blends professional indemnity and technology errors and omissions with cyber, business interruption from a cyber event, and third-party liability where a client suffers loss from an outage or breach. Uptime commitments and the SLAs in client contracts shape the limits required. See our cloud provider insurance guide.
Cybersecurity companies
Cybersecurity companies are held to a high standard because clients rely on them to reduce risk. Professional indemnity, sometimes written as technology errors and omissions, responds if a service, tool or piece of advice fails to prevent an incident the client expected it to catch.
These firms also hold their clients' security information and access, so their own cyber cover is central. A breach of a security provider carries both direct cost and reputational fallout, and client contracts often demand substantial professional indemnity and cyber limits before work can begin.
Managed security services and penetration testing
Managed security service providers, penetration testers and incident-response firms take on active responsibility for client systems. Testing live environments, monitoring networks and responding to breaches all create scenarios where something can go wrong during the work itself.
Written scope, permissions and contracts matter here, and professional indemnity and cyber cover need to reflect the access these firms are granted. Liability for accidental disruption during authorised testing is a specific exposure underwriters look at closely.
Telecoms and communications technology businesses
Telecoms and communications technology businesses combine service delivery with physical infrastructure. Alongside professional indemnity for the services and software they provide, they often need public liability, cover for network and communications equipment, and business interruption where an outage disrupts trading.
Where the business supplies or installs equipment, products liability comes into play for faults that cause injury or damage. The mix of service, software and hardware means a commercial combined policy usually fits better than a set of isolated covers.
Hardware and electronics technology companies
Hardware and electronics technology companies design, build, supply or install physical products, which brings products liability to the fore. A defect that causes injury or property damage can lead to a claim long after the product has shipped.
These firms also carry stock, components and specialist equipment that need property and contents cover, and employers' and public liability where they run premises and employ staff. Professional indemnity still applies to any design or advisory work, so the cover spans both the physical and the professional sides of the business.
Every technology sub-sector carries its own blend of professional, cyber, liability and property exposure. Compare technology company insurance quotes to see how your own activities, contracts and data are rated as a commercial combined policy across the MyMoneyComparison.com broker panel.
Insurance for established and growing technology companies
Technology company insurance suits established and growing UK tech firms whose risks have outgrown a single off-the-shelf policy: businesses with staff, client contracts, more than one site, significant data and higher cover limits. A commercial combined policy brings those exposures together under one policy rather than leaving them scattered across separate covers. Cover scales from £1m up to £10m and above to suit growing corporate data estates and complex IT supply chains.
Growing and established tech companies
Firms past the early start-up stage, with revenue, staff and a settled client base, carry far more to lose than a basic policy assumes, so cover is built up around the real business.
Businesses employing teams of staff
Once you employ people, employers' liability is a legal requirement with a minimum of £5m, and public liability normally sits alongside it to cover injury or damage to others.
Companies with substantial client contracts
Client contracts often set out the exact professional indemnity and cyber limits you must hold, and the cover must be in place before the work can begin.
Firms operating from multiple premises
Offices, labs or data space across more than one site mean property, contents and business interruption cover has to extend to every location the business runs from.
Tech companies handling significant client data
Holding large volumes of client or personal data raises the cyber and breach exposure and brings UK GDPR duties, including ICO notification, into play.
Firms with contractual insurance requirements
Some contracts and procurement frameworks require you to evidence named covers and limits, and to add the client as an interested party on the policy.
Businesses needing higher liability or PI limits
Larger projects and enterprise clients often call for liability or professional indemnity limits of £5m or £10m rather than the entry level of £1m.
UK tech companies working internationally
Trading with clients overseas brings exposure to other jurisdictions, so the policy has to reflect where you actually do business and the law that applies there.
The right cover turns on your staff numbers, contracts, sites, data and the limits your clients ask for. Turnover, employee count and contract detail all shape the premium, and the quote form captures the actual figures for you. Compare technology company insurance quotes and match the policy to how your business really operates.
Commercial combined vs separate policies for technology companies
For most established technology companies, one commercial combined policy fits better than several standalone policies, because it brings property, liability, professional indemnity, cyber and business interruption together with fewer gaps, one renewal and less admin. Buying separate policies can still suit a very early-stage or single-need firm that only needs one cover. The comparison below sets the two approaches side by side.
Which route fits comes down to how many exposures your firm actually carries. Compare technology company insurance quotes as a commercial combined policy and see how bringing your covers together compares with buying them one by one.
Cover detail shown is indicative of how UK commercial policies are typically structured for technology companies. It is illustrative only and is not a quotation. Covers, limits and exclusions vary by insurer and individual circumstances.
Technology companies working across multiple sites and internationally
Technology companies rarely stay in one place. Growth brings extra offices, development sites and data centres, group structures with more than one trading entity, and client contracts that reach well beyond the UK. Insurance for a multi-site or internationally trading tech firm has to follow the business across every location and jurisdiction it works in.
A technology company working across multiple sites or internationally needs cover that spans every premises and every territory it operates in. That means the correct territorial limits on professional indemnity, public and products liability, cover for overseas client contracts, attention to the jurisdiction that governs those contracts, higher liability and PI limits where contracts demand them, and each premises and its equipment listed on one commercial combined policy rather than a scatter of separate policies.
Multiple premises and sites
Offices, development sites, server rooms and data centres across the UK can sit on a single schedule, with the contents, computer equipment and liability at each location listed and rated together rather than insured under separate policies.
Group and multi-entity structures
Where a technology group trades through more than one company, the policy needs to name each entity and subsidiary that requires cover, with the directors and businesses to be insured set out at quote stage. See our technology company insurance guide.
Territorial limits and worldwide cover
Professional indemnity, public and products liability all carry a territorial and jurisdiction limit. A tech firm serving clients abroad needs those limits set to match, whether that is the UK and EU, worldwide excluding USA and Canada, or worldwide including them.
Overseas client contracts
Delivering software, SaaS or consultancy to clients outside the UK brings its own exposure. Overseas contracts, remote delivery and any staff working abroad should be declared so the cover responds where the work is actually carried out.
Jurisdiction of client contracts
It matters which country's law and courts govern a client contract. Work carried out under United States or Canadian jurisdiction is rated differently and often needs specific agreement, so the governing law of your major contracts should be disclosed.
Higher liability and PI limits
Larger clients and enterprise or public-sector contracts frequently require professional indemnity and liability limits above the standard level. Cover can be arranged at £1m, £2m, £5m, £10m or higher to meet the limits your contracts specify.
Any technology company with more than one site or clients abroad benefits from cover that follows the business. Compare technology company insurance quotes through a specialist panel used to multi-site, group and internationally trading tech firms.
How technology companies can manage their insurance costs
Technology company insurance premiums are driven by what your business does, your turnover and wage roll, the client contracts and data you hold, the limits you choose and your claims record. You cannot change all of these, but sound risk management, accurate disclosure and the right policy structure all help keep the cost proportionate without thinning out the cover you rely on.
Strengthen your security controls
Multi-factor authentication across accounts, regular tested backups, prompt patching and endpoint protection all reduce the chance and cost of a cyber incident. Insurers increasingly ask about these controls, and strong answers support both your cyber cover and the wider premium.
Train staff and document your processes
Regular security awareness training, clear starter and leaver procedures and a documented incident response plan reduce human-error breaches and professional indemnity claims. A workforce that recognises phishing and handles client data carefully is a lower risk, and underwriters weigh that when they rate the account.
Disclose activities and turnover accurately
Give a full and accurate account of your business activities, turnover, wage roll and the services you deliver. Under the Insurance Act 2015 a material fact left out can reduce or void a claim, and precise disclosure also stops you paying for cover you do not need.
Choose the right limits
Match your professional indemnity, public and employers' liability and cyber limits to what your contracts require and your real exposure, rather than defaulting to the highest available. Employers' liability carries a legal minimum of £5m; PI and public liability commonly run at £1m, £2m, £5m or £10m depending on the contracts you hold.
Keep a clean claims and contract record
A clear claims history and well-managed client contracts, with sensible liability caps and a defined scope of work, reduce the exposure underwriters price for. Reviewing contract terms before you sign keeps liabilities in check and supports better renewal terms across the panel.
Bring your covers into one commercial combined policy
Buying property, liability, professional indemnity, cyber and business interruption as separate policies costs more in admin and leaves gaps between them. A single commercial combined policy brings the covers together under one renewal, which is usually better value than piecing standalone policies together.
The cost of technology company insurance comes down to your activities, turnover, contracts, data and the limits you choose. Compare technology company insurance quotes to see how your own risk management and cover choices are rated across the MyMoneyComparison.com specialist panel.
Specialist Technology Company Insurance
Comparing technology company insurance since 2013
MyMoneyComparison.com has been helping UK technology companies compare business insurance since 2013. It is an FCA-regulated platform (FRN 916241) that connects technology firms with specialist commercial insurers and brokers, arranging cover as a commercial combined policy so an established tech business can bring its exposures together rather than piecing together isolated policies. Whether you run a software or SaaS company, an AI or data business, an IT consultancy, a fintech, a cloud provider or a cybersecurity firm, the same specialist panel understands technology risk. Compare technology company insurance from a panel that knows professional indemnity, cyber, public and employers' liability, business interruption and computer equipment cover.
Generic comparison sites versus specialist commercial brokers
Generic comparison sites are built around motor, home and simple package insurance. A technology company's risk sits in its activities, its client contracts, the data it handles and its professional and cyber exposure, none of which an aggregator underwrites well. Specialist commercial brokers rate that risk properly and put the right covers on the policy from the start.
Standard motor, home and package aggregators
Geared to motor, home and basic SME package cover. A technology company is usually treated as a non-standard risk, then either turned away or priced at the loaded end of the panel without the activities, contracts or data exposure being understood.
Typical limitations- Professional indemnity rated crudely or left out
- Cyber exposure and data handling not assessed
- Client contract requirements not captured
- International trading and overseas contracts ignored
- Higher liability and PI limits beyond the panel
Specialist commercial brokers and underwriters
FCA-regulated brokers who underwrite technology and commercial risk every day. Professional indemnity, cyber, public and employers' liability, business interruption and computer equipment cover are on the policy from the start, as one commercial combined policy sized to the activities and contracts you declare.
Built around technology companies- Software, SaaS, AI, IT, data and cloud firms
- Professional indemnity and cyber underwritten properly
- Client contract and higher-limit requirements met
- UK technology companies trading internationally
- Fintech, cybersecurity, telecoms and hardware businesses
A quote from a generic comparison site can look sharp yet leave out the cover lines a technology company actually needs. Buy it and you may find your professional indemnity limit falls short of a client contract, your cyber exposure sits uninsured, your business activities are misclassified, or overseas contracts fall outside the territorial limits, and that is precisely the pattern that leads to reduced or refused claims under the Insurance Act 2015. Before you pay, check the schedule matches the activities, contracts and data you genuinely have.
Compare technology company insurance with some of the UK's leading commercial insurers, including:
Specialist Commercial Motor & Fleet Insurance Brokers
Fleet Insurance Brokers
Gauntlet fleet insurance
Specialist Commercial Motor & Fleet Insurance Brokers
Specialist Commercial Motor & Fleet Insurance Brokers
Everything You Need to Know
Clear answers to the questions technology companies ask most often about insuring their business.
What is technology company insurance?
Technology company insurance is a combination of covers that protects a technology business against its main risks. It usually brings together professional indemnity, cyber, public and employers’ liability, business interruption and cover for computer equipment. Established technology firms most often buy these through a single commercial combined policy rather than as separate contracts.
What does technology company insurance cover?
Cover can include professional indemnity for claims arising from your software, advice or services, cyber insurance for data breaches and ransomware, public and employers’ liability, business interruption, and protection for office contents and computer equipment. Products liability, legal expenses, money and management liability can be added, so the policy reflects the exposures your technology company actually carries.
Is commercial combined insurance right for a technology company?
For most established and growing technology companies it is. Commercial combined insurance brings property, liability, professional indemnity, cyber and business interruption together under one policy and one renewal, instead of separate standalone contracts. It suits firms with staff, premises, equipment and client contracts, and the quote form adapts to the covers your business selects.
Do technology companies need professional indemnity insurance?
Usually yes. Professional indemnity responds to claims arising from your advice, software errors, negligence, missed deadlines or intellectual property infringement. It is central for any technology firm delivering services or code to clients, and is frequently written into client contracts as a minimum requirement, with common limits of £1m, £2m, £5m or £10m.
Do technology companies need cyber insurance?
For most technology companies it is important. Cyber insurance covers first-party costs such as forensics, data recovery, incident response and breach notification, along with third-party liability for privacy and network security claims. UK GDPR requires you to notify the ICO within 72 hours of a qualifying breach, and cyber cover helps you meet those costs.
Do I need employers' liability insurance for my tech company?
Yes, if you employ staff. Employers’ liability insurance is a UK legal requirement once you have employees, with a minimum limit of £5m set by law, though most policies provide £10m. It covers claims from employees who are injured or fall ill because of their work, and applies whether they are permanent, contract or temporary staff.
What insurance does a software company need?
A software company typically needs professional indemnity for coding errors and failure to deliver, cyber insurance for data and security incidents, and public and employers’ liability. Business interruption, cover for computer equipment, and management liability are common additions. A commercial combined policy brings these together so a software firm can insure its full range of exposures.
What insurance does a SaaS company need?
A SaaS company usually needs professional indemnity covering software faults, downtime and service level obligations, cyber insurance for data breaches affecting hosted client information, and public and employers’ liability. Business interruption and equipment cover are common. Because SaaS firms hold significant client data and sign detailed contracts, these covers are typically arranged as one commercial combined policy.
What insurance does an AI company need?
An AI company faces risks around the accuracy and bias of its models, professional advice and outputs, errors or omissions, data handling and cyber incidents, and contractual liabilities to clients. Cover usually combines professional indemnity, cyber, public and employers’ liability, business interruption and equipment protection, reflecting the services an artificial intelligence business provides and the data it handles.
What insurance does an IT company or IT consultancy need?
An IT company or IT consultancy typically needs professional indemnity for advice, installations and project work, cyber insurance, and public and employers’ liability. Managed service providers often add higher limits and cover for the systems they run on behalf of clients. Business interruption and equipment cover complete the picture, arranged as a single commercial combined policy.
Do app developers and software developers need insurance?
Yes. App developers and software developers face claims over faults, bugs, missed deadlines and intellectual property, so professional indemnity is central. Cyber insurance, public and employers’ liability, and cover for their own equipment are also common. Many client and platform contracts require developers to hold professional indemnity at set limits before work can begin.
What insurance does a fintech business need?
A fintech business usually needs professional indemnity for its advice and technology, strong cyber insurance because it handles financial and personal data, and public and employers’ liability. Business interruption, equipment cover and management liability are common additions. Fintech firms often face detailed contractual and regulatory requirements, so covers are typically brought together under one commercial combined policy.
How much does technology company insurance cost?
There is no single figure, because a premium reflects the specific technology business. The main drivers are your turnover, staff numbers and wage roll, business activities, the covers and limits you choose, the data you handle, client contracts and claims history. The reliable way to gauge cost is to compare quotes from FCA-regulated brokers against your own details.
What information do I need for a technology company insurance quote?
You will usually be asked for your turnover, number of employees and wage roll, business activities, your largest client contracts, the countries you trade in, the types of client you serve, the data you handle, claims history, the professional indemnity limit you need, your cyber exposure and premises details. Accurate answers produce a more reliable quote.
Can I combine my covers into one policy?
Yes. A commercial combined policy is built for exactly this, bringing professional indemnity, cyber, public and employers’ liability, business interruption and property or equipment cover together under one policy and one renewal. This removes gaps between separate contracts and gives a technology company a single point of contact rather than several standalone policies to manage.
Does technology company insurance cover client contracts and contractual requirements?
Yes. Professional indemnity and public liability are frequently written into client contracts, often at set limits, and a technology company may be required to prove cover before work begins. A commercial combined policy can carry the professional indemnity, cyber and liability limits your contracts specify, and brokers can help match your cover to those contractual requirements.
Does it cover technology companies working internationally?
Yes. Many technology companies serve clients abroad, and cover can extend to work carried out internationally, subject to the territorial and jurisdiction limits set in the policy. Professional indemnity, public liability and cyber sections can be arranged to reflect where you trade. It is important to disclose the countries you work in so cover matches your activity.
Does it cover business interruption for a tech company?
Yes. Business interruption cover replaces lost income when an insured event disrupts your operations, such as damage to premises or equipment, and cyber sections can respond to income lost through a cyber incident. For a technology company that depends on its systems and continuity, business interruption is an important part of a commercial combined policy.
Does it cover our computer equipment and hardware?
Yes. Contents and equipment cover protects your computers, servers, laptops and office equipment against risks such as fire, theft and accidental damage, and can extend to portable equipment used away from your premises. Hardware and electronics businesses can also insure stock. This sits alongside your liability and professional indemnity cover within the wider policy.
Do cybersecurity, data or cloud companies need specialist cover?
Often yes. Cybersecurity firms, data and analytics companies and cloud service providers carry heightened exposure around the data and systems they manage for clients, so they usually need higher professional indemnity and cyber limits and carefully worded cover. A specialist broker can arrange terms that reflect these activities within a commercial combined policy.
Is technology company insurance a legal requirement in the UK?
Only in part. Employers’ liability insurance is a legal requirement once you employ staff, with a £5m minimum limit set by law. Other covers such as professional indemnity, cyber and public liability are not required by law, but are often demanded by client contracts and are treated as essential commercial protection by most technology companies.
Why use a specialist broker instead of a generic comparison site?
Generic comparison sites are built around home and simple SME cover, so a technology company with professional indemnity, cyber and contractual requirements is treated as an awkward case. A specialist broker understands these exposures and can reach commercial insurers that rate technology risks properly. MyMoneyComparison connects you with FCA-regulated brokers of exactly that kind.
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