PageID: specialisms-technology

Technology Insurance

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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.

    Technology insurance cyber liability professional indemnity IT business protection
    Tech Protection
    Risk Assessment

    Technology Business Risks

    There are many risks that could damage UK Technology based businesses. 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

    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 or failures in delivering services can lead to financial losses for clients. Essential protection against professional negligence claims.

    Cyber Liability Insurance

    Comprehensive protection against cyber attacks, data breaches, and system failures. Covers both first-party costs and third-party liability claims.

    Business Assets and Equipment Insurance

    Cover for the technology and equipment that your business needs to operate, such as computers, servers, and other specialised office equipment.

    Management Liability

    Directors & 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, this insurance covers lost revenue during downtime, ensuring business continuity.

    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.

    Cyber Security Insurance: A UK Guide
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    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.

    How Much Does Cyber Insurance Cost?
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    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.

    Cyber Liability Insurance: A UK Guide
    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.

    Business Cyber Insurance: A UK Guide
    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.

    Cyber Insurance and Cyber Liability Insurance: A UK Guide
    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.

    IT Contractor Insurance: Professional Indemnity and Liability Cover
    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.

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    27 Reviews
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    27 Reviews
    Camilla
    Verified Customer
    Chris was a pleasure to deal with. He was very responsive, provided an excellent service and was professional. I would recommend Taurus who are reliable and efficient, and get you the best deal.
    Raj
    Verified Customer
    Very professional took time to listen and set my cover accordingly pleaseure to deal with. Thank you!
    Imran
    Verified Customer
    I found Taurus online last year and this is my second year I am using Taurus for my Insurance renewal. Chris and Billy have both been very good to me and our relationship is not just about me asking for a insurance policy but we have a general chat which makes a huge difference when deciding should I shop around or actually Taurus take care of me so why should I have to look elsewhere. The pricing is competitive and I receive good advice. I am happy I have found an excellent organisation
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    Verified Customer
    Had a very competitive quote from Chris Foster - multi property, including rent cover. Gone ahead with the policy, and hope the underwriters will be a good solution, should anything occur.
    Jonathon
    Verified Customer
    Tom and Billy of Taurus Risk Management provide a highly personalised and commercially focused service. They take the time to ensure that clients fully understand their insurance policies and that cover arrangements are aligned with their specific requirements. Their approach is centred on understanding each client's budget, objectives, and any operational constraints, enabling them to source the most suitable and competitive insurance solutions available. Combined with their professional, approachable, and responsive manner, they instil confidence throughout the process and make it clear that you are working with a trusted and knowledgeable team. I would have no hesitation in recommending Taurus Risk Management to individuals and businesses seeking expert insurance advice and exceptional client service.
    Suzie
    Verified Customer
    Quick and easy process, Chris was very helpful in ensuring we get the right cover for a reasonable price. Would highly recommend.
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    Verified Customer
    Chris helped me secure buildings insurance for a group of 6 residential buildings - a mix HMO and flats, he obtained several quotes for me to consider and the price was very competitive. The service was brilliant and I would definitely use Taurus risk management again.
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    Verified Customer
    I recently purchased house and travel insurance through Taurus Risk and had an excellent experience. From the initial communication to their prompt and efficient responses, the team demonstrated a high level of professionalism throughout. They addressed all of my questions quickly and provided clear, valuable advice. I would highly recommend Taurus Risk to anyone seeking a reliable and knowledgeable insurance broker.
    Warren
    Verified Customer
    It was an absolute pleasure working with Taurus. From the beginning it felt like the team had a genuine interest in my priorities and what was most important. Looking forward to our partnership together.
    Meg
    Verified Customer
    Team Taurus did a great job - providing fantastic client service. We are very happy with our insurance coverage.
    Henry
    Verified Customer
    I have worked with Taurus and Tom over the last two years and always found them to provide an excellent service. They provide competitive quotes whilst always ensuring the optimal cover for each client. I would not hesitate in recommending them to our clients.
    Alex
    Verified Customer
    Great customer service and response times, with a very knowledgeable team. I would highly recommend Taurus
    Jolyon
    Verified Customer
    Competitive, fast respone(s), with excellent service levels and most importantly a broad understanding of our various insurance needs as a compay - we started with one of our polcies and we are now moving everything to Taurus RM. - Investeq Limited
    Tim
    Verified Customer
    Excellent bunch. Responded very quickly when asked and very good quote for policy. Would definitely recommend.
    Max
    Verified Customer
    Fast and professional service. We have switched all of our insurance needs to Taurus Risk Management.