Technology
Technology Insurance
At Mallory Agency, we can develop a comprehensive insurance solution for your tech start-up or web-based company – reducing costs and maximizing coverage.
Do you own a tech start-up or operate a web-based company? Insurance coverage may help cover your assets in the event of an unforeseen incident, data breach, or system malfunction. Because many tech businesses do most of their work online, they sometimes neglect the importance of an insurance policy to cover their daily operations.
The insurance professionals at Mallory Agency have worked with numerous companies in the IT industry, mitigating risk and ensuring their continued success. We work with dozens of national insurance carriers and we’ve done so for decades. We know how to negotiate a cost-effective policy for any of our clients, especially those that work in the tech industry.
Coverage Options for Your Tech Business
Mallory Agency can create a broad insurance policy as part of Technology Professional Liability. This type of insurance package includes traditional insurance options like general liability, professional liability, and workers’ compensation. Any tech company should take advantage of a few other insurance options that are truly unique to the industry.
Cyber Liability (or Data Breach) insurance is one type of coverage that will protect your business if private client data is exposed. Your IT business may be found financially liable if client information is accidentally or intentionally exposed on the web or over company servers. Your business could be hit with huge compensation costs if client-sensitive data is ever exposed, but Cyber Liability insurance can help reduce these costs in the event of:
- Unauthorized access to client data
- Tampering with client information
- Lost or stolen computers that could reveal personal data
- Denial of service (DoS) attacks
- Malicious computer viruses
What Types of Tech Businesses Do We Cover?
Mallory Agency has worked with a variety of companies in the tech industry. To survive as a tech start-up, your business has to satisfy a unique market and therefore no two insurance policies are the same.
Our insurance professionals
will examine your IT business to see what types of coverage are most appropriate for your daily operations and employees. Some of the types of tech business we insure are:
- Network security consultants
- Computer repair centers
- SEO companies
- Mobile app/software developers
- Website development teams
- Web hosting services
- Robotic engineering companies
- Physical technology engineers
- Other IT consultants
Data Breach Coverage
Data Breach insurance is growing in popularity because more and more businesses conduct operations online. A simple mistake or breach in client data could costs a small IT company millions to fix the problem. It is much easier and cost-effective to have a policy that covers your assets before such an incident might arise.
Our carriers offer several other types of coverage for businesses based in the technology industry.
Some types of insurance policies include coverage for:
- Internet Liability
- Errors and Omissions liability
- Intellectual Property Protection
- Valuable Papers and Records
- Electronic Data Processing Equipment
