The technology sector is constantly evolving. With new products and developing risks set against a background of increased customer expectation & severe time pressures, businesses in this field need reliable insurance protection.
Information and communication technology companies need insurance that can keep up with the rapid pace of change in their business. For more than 20 years our team of specialists have helped IT companies build portfolios of industry specific insurance solutions. From small start-ups to large multinationals, irrespective of location.
For IT companies, an off-the-shelf insurance solution is not enough. Chubb cover can guard against IT specific risks as well as protecting your property and people. These can be cyber risks, contract exposures and cover for your research and development.
Info tech cover
Our innovative info tech cover may be called a ‘package’ but we do not believe in ‘one size fits all’. The beauty of our solution lies in its flexibility. You are able to tailor a bespoke solution specific to the needs of your company.
Our offering has been designed specifically for info tech companies. It has broader cover than that offered by other insurers. Our solutions include highly bespoke provisions for IT companies.
Liability - Public & products liability
- UK and/or EU jurisdiction
- Worldwide excluding USA/Canada jurisdiction
- Global provision
Professional indemnity
- Errors and omissions – The final acceptance criteria is limited to losses accruing after acceptance of your product/service
- Intellectual property
- Reputational injury
- Virus transmission
Who's it for
We offer a wide range of insurance for technology companies and activities like these:
- Software development
- Unified communication equipment manufacturing
- Information communication technology services
- Internet and unified communication services
- Health informatics technology
- Cloud technology
- Clean technology
- Data centres
- Emerging technologies
- Advanced manufacturing
What it covers
We give you cover tailored for the complex needs of a highly regulated sector:
- Employers liability
- Public and products liability
- Professional indemnity
- 1st and 3rd party cyber
- Legal expenses
Can we insure you?
The information and technology sector covers an enormous array of businesses. All with specific needs and diverse challenges. Here are some examples of ICT companies covered by Chubb.
Under their existing insurance programme this company had a number of gaps including no worldwide cover even though they had worldwide sales and no Errors & Omissions – they thought this was picked up under their general liability policy. We worked closely with the broker to put together a package insurance programme that ensured seamless cover and gave them peace of mind.
We took the time to meet with this client to understand the various revenue streams of their business. With enhanced knowledge we were able to put together a bespoke programme of covers including multinational exposures. Our ability to offer loss control services that complimented the existing risk management work, at no additional charge really demonstrated our value added offering.
At a client meeting this company outlined that their offices in Germany were responsible for Research & Development (R&D) for the European operations and that these offices were insured by another company. It came to light that if a R&D loss had ensued at this location it would affect product development and overall business operations in Europe and it would not have been covered. We were able to provide the necessary R&D cover within the German policy and ensure all European operations were insured with Chubb to guarantee continuity of cover across all territories.