Technology Insurance
First hire. First enterprise contract. First raise. Every stage of building a tech company comes with an insurance moment — and a policy stack that should grow with you, not ahead of you. From day-one startups to scaled SaaS, we build it in the right order.
Talk to a technology insurance specialist
The Challenges
Risks unique to technology companies.
Cyber Threats
Data breaches, ransomware, and system outages can devastate a tech company overnight.
Client Contracts
Enterprise clients demand specific coverage limits and certificates of insurance.
IP Exposure
Patent trolls and IP disputes are increasingly targeting growing tech companies.
Rapid Scaling
Coverage needs change fast — your policy should keep up with your growth.
26%
Annual increase in Canadian ransomware incidents (2021-2024)
1 in 3
Global cyber incidents targeted North America in 2025
72%
Of organizations lost up to 5% of profits to AI-driven scams
Who We Insure
Tech isn't one risk profile. We insure each sub-segment differently.
A B2B SaaS company and an AI model developer share an industry label but almost nothing else about their exposure. Each program starts with which technology company you actually are.
SaaS
B2B software, vertical SaaS, developer tools, API-first products
- Tech E&O for outages, data loss, and failed integrations your MSAs make you own
- Cyber limits sized to enterprise contract requirements — often $5M+ before procurement signs off
- Contractual liability review so limitation-of-liability wording actually holds
Marketplaces & Platforms
Two-sided marketplaces, booking platforms, gig platforms, e-commerce infrastructure
- E&O for failed transactions and disputes between buyers and sellers you sit between
- Media liability for user-generated content, listings, and reviews
- Crime and social-engineering coverage where payments flow through your platform
AI & Machine Learning
AI products, model developers, ML infrastructure, AI-enabled services
- E&O for model errors, hallucinated outputs, and automated decisions your clients act on
- IP and training-data exposure — copyright claims most standard tech policies exclude
- Wording that doesn’t exclude AI: many legacy tech E&O forms now carve out exactly what you do
Dev Shops & IT Services
Custom development agencies, IT consultancies, managed service providers
- Professional liability for missed specs, project overruns, and client system failures
- Cyber liability that follows you into client environments you access and manage
- Coverage that satisfies the insurance clauses in enterprise services agreements
The Founder's Stack
Your first policy stack, in the right order.
You don't need every policy on day one — you need the right policy at the right milestone. This is the sequence we build with most tech founders.
At incorporation
Tech E&O + General Liability
Your foundation. Tech E&O covers what your product does; GL covers offices, events, and the bodily-injury basics every landlord and venue asks for.
First enterprise contract
Cyber Liability
Enterprise procurement will ask for it before they sign. Cyber covers breach response, customer data liability, and business interruption — with limits that match your MSA, not a generic minimum.
First hire
Employment Practices + Benefits
The moment you have employees, you have employment exposure — and a hiring tool. EPL protects against claims; a benefits plan helps you compete for talent against bigger companies.
First raise
Directors & Officers (D&O)
Most term sheets require it. D&O protects founders and board members personally — and sophisticated investors will check it exists before wiring funds.
Specialty Carriers We Place Technology With
Specialty Carriers We Place Technology With
Market Access
Three routes to market. One submission.
Technology risks that don't fit a direct carrier's appetite don't get abandoned — they get re-routed. Summit places technology programs through direct specialty carriers, wholesale markets, and Lloyd's-backed specialty capacity.
Direct Specialty Carriers
Established relationships with CFC, Beazley, Berkley, and HDI — carriers with real technology appetite, not generalists stretching to fit.
Wholesale & MGA Markets
For hard-to-place risks — AI/ML exposures, post-incident, or novel products — we access managing general agents and wholesale markets that direct-only brokers can't reach.
Lloyd's-Backed Specialty Capacity
Summit Commercial Solutions is a Lloyd's coverholder, giving us direct access to Lloyd's-backed specialty capacity for non-standard technology risks and higher limits.
The Submission Package
What a strong technology submission looks like.
Most declines are a presentation problem, not a risk problem. This is what we prepare with you before your risk ever reaches an underwriter's desk.
Completed application and loss runs
Or a clean no-loss letter for first-time buyers — either way, underwriters want the history in writing.
Security posture summary
SOC 2 status, MFA coverage, backup and recovery procedures, and incident response plan.
Sample client contract / MSA
Limitation-of-liability and indemnity wording — the single biggest driver of tech E&O pricing.
Revenue split and client concentration
ARR vs. services revenue, geographic mix, and your largest client as a share of revenue.
Product and architecture overview
What your product does, what data it touches, and which third-party services it depends on. For AI companies: model sources and training-data provenance.
Funding stage and cap table summary
For D&O — investor composition, board structure, and any planned raises.
Common Questions
Technology insurance FAQs.
I just incorporated. What insurance do I actually need on day one?+
Do I need cyber insurance if I use cloud services?+
What is Tech E&O and how is it different from general liability?+
How much cyber coverage do I need?+
Can I get coverage as an early-stage startup?+
Are AI companies harder to insure?+
Building in fintech or proptech?
If your product touches money movement or the built environment, we have dedicated programs for those verticals.