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Technology Insurance
Technology Insurance
Specialist technology business insurance for UK tech companies, SaaS providers, and IT service firms. From cyber liability insurance and professional indemnity to data protection cover, Taurus arranges comprehensive programmes that keep your operations secure.
Tech Protection
Get a technology insurance quote
Tell us about your tech business, services, and cover requirements so we can prepare a technology insurance quote designed to protect against financial losses from errors. We compare cover from leading UK insurers, including liabilities linked to hardware and software, and aim to respond within 24 hours. Startups and growing technology firms often need optimised cover for digital and operational risks that standard policies may miss.
Risk Assessment
Technology Business Risks
There are many risks across the wider tech sector, with a broad range of exposures that could damage UK technology based businesses. Many technology companies depend on constant innovation and interconnected systems, which can increase exposure when failures occur. That makes business continuity a critical priority and puts focus on the areas most likely to affect operations, contracts, and growth.
Liability can also arise from supply chain failures, missed deadlines, and claims from technology failures that lead to significant liabilities. These generally include liability over professional negligence, cyber risk, management liability, employers liability, damage to assets and resultant financial business interruption.
Cyber attacks and data breaches
Professional negligence claims
System failures and downtime, where cyber incidents can disrupt service delivery and damage customer trust
Intellectual property disputes
Regulatory compliance issues
Third-party liability exposures
Insurance Products
Types of Insurance Cover Technology Businesses Require
Insurance programmes for Tech businesses typically include a combination of the following coverage types, with Professional Indemnity ordinarily being the primary line of insurance.
Professional Indemnity Insurance (PI)
Tech businesses often provide services or advice, and mistakes in delivering technical services or advice, including software development or implementation work, can lead to financial losses for clients.
Cyber Liability Insurance
Comprehensive protection against cyber attacks, data breaches, ransomware attacks, and system failures to protect your digital operations. Covers both first-party costs and third-party liability claims.
Business Assets and Equipment Insurance
Cover for the technology and hardware your business needs to operate, including computers, servers, data centres, and other specialised equipment used in operations.
Management Liability
Directors' and Officers', Crime, and Employment Practices Liability insurance to cover the legal liabilities of the business management team.
Business Interruption
If a cyberattack or system failure halts operations, business interruption cover helps recover lost income after cyberattacks, outages, or other disruptions.
Data Protection Insurance
Specialised coverage for data handling obligations, GDPR compliance, and regulatory fines related to data protection breaches.
Related Insights
Technology Industry Insights
Stay informed with our latest insights, guides, and expert analysis specifically relevant to the technology sector.
Guide
How Much Does Cyber Insurance Cost?
What affects the cost of cyber insurance in the UK: the factors insurers rate, how security controls influence price, and how to get competitive cyber cover.
Guide
Cyber Security Insurance: A UK Guide
Cyber security insurance explained: what it protects against, whether it is the same as cyber insurance, the controls insurers expect, and who needs it.
Guide
Business Cyber Insurance: A UK Guide
Business cyber insurance explained for UK companies: what it covers, why your business needs it, the security insurers expect, and how to choose cover.
Guide
Cyber Liability Insurance: A UK Guide
Cyber liability insurance explained: the third-party side of cyber cover for data breach claims, regulatory costs and GDPR exposure, and who needs it.
Guide
Cyber Insurance and Cyber Liability Insurance: A UK Guide
Cyber insurance explained for UK businesses: what it covers, business interruption, ransomware, extensions, network security requirements, limits and cost.
Guide
IT Contractor Insurance: Professional Indemnity and Liability Cover
A UK guide to IT contractor insurance: professional indemnity, public and employers' liability, why clients require it, and how cover is arranged.
Frequently Asked Questions
Answers to the questions we hear most often. If you want to discuss your cover requirements, our team can guide you through a short quote request form to arrange flexible cover, drawing on our expertise, access, and relationships across the London market.
That process helps us place cover for technology firms with global operations in a fast-moving world, compare policy terms, and recommend specialised solutions where needed.