Innovate Freely. We’ll Handle the Risk.
Protecting innovation, data, and digital operations
Technology companies face complex risks involving professional services, data security, intellectual property, and contractual obligations. Whether developing software, providing IT services, managing networks, or operating online platforms, even a small error, system failure, or cyber incident can result in major financial loss. Technology businesses often carry higher exposure due to reliance on data, uptime, and performance guarantees.
Properly structured insurance helps protect revenue, client relationships, and the long-term stability of technology-driven operations.
Key Risks in Technology Operations
Technology companies face exposure related to:
Software errors or system failures
Data breaches and cyber attacks
Failure to meet performance obligations
Intellectual property disputes
Contractual liability claims
Loss of client data
Business interruption due to outages
Claims can arise even when services are performed correctly.
Core Coverages for Technology Companies
Technology insurance programs typically include:
Professional Liability / Technology E&O — Protects against claims alleging errors, omissions, or failure of technology services or products.
Cyber Liability — Covers data breaches, ransomware, privacy violations, and network security incidents.
General Liability — Protects against bodily injury and property damage claims involving third parties.
Commercial Property — Covers office equipment, servers, and business contents against covered physical loss.
Employment Practices Liability — Protects against claims involving wrongful termination, discrimination, or workplace issues.
Crime / Social Engineering Coverage — Covers fraud, funds transfer loss, and certain types of cyber-related theft.
Umbrella / Excess Liability — Provides additional limits for high-severity claims.
What’s Commonly Overlooked
Technology insurance programs are often weakened by:
Incorrect description of services performed
Missing cyber or privacy coverage
Inadequate E&O limits
Failure to cover subcontractors or developers
Gaps between cyber and professional liability
Contract requirements not reflected in the policy
These problems often appear only after a claim occurs.
Real-World Claim Examples
Software failure causes a client financial loss
A cyber attack exposes customer data
A missed specification leads to a contract dispute
A network outage interrupts client operations
A client alleges negligence in IT services
Even small mistakes can lead to large claims in technology fields.
Why Proper Placement Matters
Technology coverage varies significantly based on:
Type of services or products provided
Contract and indemnification terms
Data security exposure
Revenue size and client type
Claims-made policy structure
Industry-specific exclusions
Improper placement can leave critical risks uninsured.
Our Approach
At Cory Washington & Co., we structure technology insurance around the actual services you provide, the contracts you sign, and the data you handle. We coordinate E&O, cyber, liability, and crime coverage to ensure protection aligns with the real risks technology companies face.
Innovative businesses require insurance that keeps up with innovation.
Not sure your coverage is complete? Run the Technology Company Coverage Self-Review Checklist — tick what you can confirm, and walk into your next policy review informed.
Frequently Asked Questions
How do I get technology company insurance through Cory Washington & Co.?
Request a quote or contact our team. We start with a short conversation about your operations, analyze your exposures, then negotiate technology company insurance across multiple carriers that compete for your account and present options with the trade-offs explained. Cory Washington & Co. LLC is licensed in all 50 states.
How much does technology company insurance cost?
It depends on your exposure. Technology company insurance is priced on factors like your industry, size, prior claims, and the limits and deductibles you select — so two businesses rarely pay the same. We shop your account across competing carriers and present the trade-offs in plain English.
Who needs technology company insurance?
Requirements vary. Technology company insurance may be mandated by statute, or required under your contracts, leases, or loan agreements — and in many cases it is simply prudent given the risks involved. We look at your specific obligations and exposures, then recommend the coverage and limits that fit.
What if another agency has already declined or non-renewed my coverage?
Difficult, specialty, and previously-declined placements are a core part of our work. We access excess & surplus (E&S) and specialty markets that many generalist agencies cannot, and we explain the trade-offs clearly so you can decide with confidence.
Available in all 50 states. See how requirements differ in California, Texas, Florida, New York, or choose your state.