TECH COMPANIES

Technology Company Insurance

Protecting innovation, data, and growth

Technology companies operate in a fast-moving environment where innovation, data, and intellectual property drive value. From software development and platform services to data handling and contractual obligations, technology risk extends far beyond physical assets.

A properly structured insurance program supports growth, investor confidence, and long-term scalability.

Key Risks in Technology Operations

Technology companies face exposure related to:

• Errors or failures in software or technology services

• Data breaches and cybersecurity incidents

• Intellectual property and contractual disputes

• Regulatory and privacy compliance requirements

• Rapid scaling and evolving business models

• Management and investor-related claims

Even minor technical issues can lead to significant financial and reputational impact.

Core Coverages for Technology Companies

Technology insurance programs typically include:

Technology Professional Liability (Tech E&O)
Protects against claims alleging failure of technology products, services, or professional services.

Cyber Insurance
Covers data breaches, ransomware, privacy violations, and business interruption caused by cyber events.

General Liability
Protects against third-party bodily injury or property damage not related to technology performance.

Directors & Officers Liability (D&O)
Protects leadership from claims tied to management decisions, fundraising, or investor relations.

Employment Practices Liability (EPLI)
Covers employment-related claims arising from hiring, termination, or workplace conduct.

What’s Commonly Overlooked

Technology insurance programs are often weakened by:

• Incomplete definitions of technology services

• Gaps between contracts and insurance coverage

• Inadequate cyber limits or ransomware sublimits

• Failure to address vendor or third-party risk

• Rapid growth without coverage updates

These issues often surface during client disputes or security incidents.

Real-World Claim Examples

• A software malfunction causes client financial loss

• A cyberattack compromises customer data

• An investor alleges misrepresentation during a funding round

• A former employee files a wrongful termination claim

Technology claims are often complex and expensive to defend.

Why Proper Placement Matters

Technology coverage varies significantly based on:

• Nature of products or services

• Contractual obligations and indemnification language

• Regulatory environment and data privacy laws

• Claims-made policy structure and retroactive dates

Improper placement can leave critical technology risks uninsured.

Our Approach

At Cory Washington & Co., we approach technology insurance with a growth-focused mindset. We align coverage with product offerings, contracts, and scalability — helping protect innovation without slowing momentum.

Innovation deserves protection that moves just as fast.