Insurance for the Technology Sector
Protecting the tech sector with advanced covers
Technology firms are driven to innovate to the limits of their imagination, not the limits of insurance covers. At Travelers, we understand that having freedom is critical to competing in the technology sector. With a 40-year history of insuring companies in the fast-paced tech industry, we’ve insured IT products, applications, programming services, computer hardware and emerging medical technology products.
Explore technology subsectors
Electronics & manufacturing assembly
From assembling electronic components to manufacturing innovative bespoke hardware, and research and development of cutting edge technology products, we tailor insurance solutions to allow the business to focus on its own growth.
IT & communications
Bespoke solutions for IT Consultants to software providers to global data centres. Innovate insurance solutions for innovative business.
MedTech & life sciences
Travelers has extensive expertise in insuring medical technology businesses. We work with companies of all sizes and specialities, offering industry-specific coverages and services that span the lifecycle of product development.
Spotlight video: Technology insurance
Discover the key highlights of our technology insurance in less than four minutes. Watch Jon Preston, Practice Lead for Technology, as he gives an overview of who our cover is designed for and what sets Travelers apart.
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TEXT: Spotlight on Technology Cover
Overview of Travelers Technology Insurance.
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JON PRESTON: Travelers is a specialist insurer in the technology sector
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TEXT: We focus on two key areas: IT & communications and electronics manufacturing & assembly.
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with a real focus on two key areas: IT & Communications and Electronics Manufacturing & Assembly.
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TEXT: Jon Preston, Practice Leader, Technology, Travelers.
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Our team of technology insurance experts works with brokers to understand each client, ensuring we provide tailored insurance solutions and policy terms. Our experts also include in-house risk professionals
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TEXT: Risk professionals ready to provide advice.
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who provide proactive risk mitigation advice to our insureds, for both traditional and cyber risks. So, whether a business is a computer manufacturer or an internet service provider, we offer a full range of products with specialist wordings, that can be bought in isolation or as a package. In fact, our tailored packaged policy eliminates gaps in cover for our clients, providing greater certainty should things go wrong.
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TEXT: Why does a business need this insurance?
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Technology is such a fast-moving sector, where the risks faced today will almost certainly be different tomorrow. Having strong insurance coverage, from a stable insurer like Travelers means technology firms can focus on their own business, knowing that they can depend on us, in their times of need. We provide bespoke, comprehensive cover for clients, tailored around their unique business risks.
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TEXT: Tailored cover designed with your client in mind.
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Whether it’s business interruption cover for research and development activities or hardware failure, or professional indemnity for products and services, we have a wide range of specialist insurance solutions for tech businesses.
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TEXT: Who is the Travelers Technology product for?
Cover for: Startups, scale-ups, listed companies, multinationals.
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We cover a broad spectrum of businesses, from start-ups and scale-ups, through to listed companies and multinationals. Our tailored, comprehensive solutions adjust with, and support, tech companies to grow. We have a broad appetite in both of our product lines. Our electronics manufacturing and assembly product is aimed at companies that assemble electronic components, such as printed circuit boards; manufacture innovative bespoke hardware, such as remote assistance devices; and are also involved in the research & development of cutting-edge technology products.
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TEXT: Appetite sweet spots: Hardware & electronics companies, software & IT companies, research & data companies.
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Within the IT & communications sector, we have a strong appetite for IT consultants, software developers, internet service providers and data analytics businesses.
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TEXT: Why should a business choose Travelers for Technology insurance?
Rated AA by S&P Global Ratings, A++ by AM Best.
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Travelers is a strong and reliable insurer. Not simply in financial terms, but importantly through our approach, our mindset and our values. With our US parentage
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TEXT: Automatic US jurisdiction provided.
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we have the confidence and expertise to provide Automatic US jurisdiction, which is a real benefit for companies who operate globally. Our teams are based throughout the UK and Ireland meaning that we can provide a true local presence, whilst also being part of a global company, with global reach. We’re more than just a team of expert underwriters. We are technology enthusiasts, who invest time getting to know your clients face to face, asking the right questions to help build cover around real exposures, rather than a generic template. All this means your clients feel seen, understood and confident in their protection.
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TEXT: This video is for informational purposes only. It does not, and is not intended to, provide legal, technical or other professional advice, nor does it amend, or otherwise affect, the provisions or coverages of any insurance policy issued by Travelers. Travelers operates through several underwriting entities in the UK and Europe. Please consult your policy documentation or visit the websites below for full information. travelers.co.uk travelers.ie
Travelers advantage
In a dynamic world, things don’t always go to plan. Travelers offers expertise you can count on to address diverse risks.
- Financial strength. Financial strength and stability with international reach.
- Superior claims service. Expert Claims teams focused on delivering superior service.
- Multinational reach. Tailored coverage and support in more than 150 countries.
- Dedicated risk managers & consultants. Access to risk consulting from trusted experts.
- Criminal Protection Response. 24/7/365 support for threat and hostage situations.
- Safety Academy. Access to Institute of Occupational Safety and Health Managing Safety classroom courses.
- HCL Technologies services. Pre-breach services/coaches; training; free one-hour consultation.
Advantage spotlight
You’ll be keen to know about the following.
Travelers is an established leader in the technology sector
We have a highly experienced tech underwriting team in the UK and Ireland. The European tech practice was established more than 40 years ago, closely aligned with the market leading tech practice in the US, headquartered in St Paul, MN. Our specialist practice protects the operations, reputations and futures of many of the brightest technology start-ups, scale-ups, unicorns and listed companies.
We are where you are
Our in-market expertise covers the globe. From specialist teams on the ground to strategic alliances in more than 150 countries, we support global operations and the ambitions of all our customers. And with specialist technology underwriters across several UK offices, we offer:
- Expertise sourced from the world’s leading centres of innovation
- The assurance of local-market compliance
- UK-based underwriting, claims handling and support
Covers are tailored to fit your needs
Travelers can deliver bespoke solutions for many sectors across varied scales of technology firms. We offer a full range of product lines with specialist wordings that can be bought in isolation or as a package.
Warranty-free approach
We offer the benefit of including cover warranty and condition precedent free. This flexible approach allows for an all-in-one package policy with no gaps.
Let’s start the right conversation
For business
Find a broker
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Need to call us directly? Contact us.
Cyber insurance
Be cyber confident. Pre. Post. Always.
Cyber risks are a top concern for most businesses. Travelers’ covers are designed to provide reassurance and resilience in a threat-filled landscape.
Related services
Risk services
Businesses aren’t all alike. That’s why Travelers provides superior risk management services tailored to a company’s specific needs.
Claims services
When claims happen, our best-in-class service helps to resolve them quickly and effectively, so clients can get back to business.
Insights & industry knowledge
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