D&O Insurance for Technology Companies & Startups
Technology companies often add D&O coverage as ownership, outside investment, boards, fundraising and strategic transactions become more complex.
Match the insurance program to the contracts, technology and growth stage.
Technology companies can create losses that do not look like traditional property or general-liability claims. The right review starts with what you sell, what you promise customers, what data and systems you touch, and how the company is funded and staffed.
Questions worth answering before you go to market.
What information should a technology company prepare for a quote?
Useful information often includes revenue, headcount and payroll, services and products, customer contracts, largest clients, data handled, security controls, claims history, funding and ownership, geographic reach, and current insurance requirements.
Why review customer contracts with insurance?
Contracts can require specific policies, limits and endorsements and can also create indemnification obligations. The insurance program should be compared with those promises rather than reviewed in isolation.
Can cyber and technology E&O overlap?
They can. Some policies combine cyber and technology professional liability, while others separate them. The trigger, exclusions, limits and allocation between coverage parts should be reviewed on the actual form.
Coverage descriptions are general. Actual coverage depends on the specific policy forms, endorsements, limits, exclusions and facts of a claim.
Explore the exposures behind the policy names.
Want a second look at your technology insurance program?
Send us a few basics and we will follow up to learn more about your business, contracts, current program and upcoming renewal.