COMMERCIAL INSURANCE
Technology Insurance
Coverage for SaaS, IT services, MSPs, software developers, and hardware companies. Tech errors and omissions, cyber, general liability, and property in one program.
Get My Quote Call 833-776-4671- Specialty Insurance
- Technology Insurance
Quick Answer: Technology insurance protects software, SaaS, IT services, and hardware companies from professional and cyber claims, lawsuits, and property loss. The core policy is technology errors and omissions combined with cyber liability, often packaged with general liability and property. Most small tech firms pay 1,500 to 6,000 dollars per year, with tech E and O and cyber driving the cost.
Technology companies carry a risk profile no standard business policy covers well: a software bug that costs a client money, a data breach across systems you host, a missed SLA, or an intellectual property claim. The two policies that matter most, technology errors and omissions and cyber liability, are specialty lines, and they are increasingly required by your own client contracts. We write tech companies across the United States, shopping 20-plus carriers including specialty technology markets.
What Technology Insurance Covers
Technology E&O / Professional Liability
Claims that your software, platform, or services failed to perform, caused a client financial loss, or missed a contractual obligation. The core tech coverage.
Cyber Liability
Data breach response, ransomware, business email compromise, and third-party claims after an incident on systems you operate or host.
General Liability
Third-party bodily injury and property damage, plus the coverage client contracts and office leases require.
Media and IP Liability
Claims of copyright or trademark infringement, defamation, or content issues from your site, app, or marketing.
Property and Equipment
Servers, laptops, and office equipment covered to replacement value, with options for gear in transit and at home offices.
Business Income
Replaces lost revenue and keeps payroll and rent paid when a covered loss or cyber event suspends operations.
Technology Businesses We Insure
From two-person dev shops to funded SaaS platforms. See related commercial coverage:
What Technology Insurance Costs in 2026
| Company Profile | Typical Range | Key Cost Drivers |
|---|---|---|
| Solo / freelance developer or consultant | $1,500 to $3,000 | Revenue, services, contracts |
| Small SaaS or IT services firm | $3,000 to $7,500 | Data held, revenue, client contracts |
| MSP / managed services provider | $5,000 to $15,000 | Client systems managed, cyber exposure |
| Funded / mid-size tech company | $10,000 to $50,000+ | Revenue, headcount, data, contracts |
Ranges are illustrative. Your actual premium depends on your specific profile and the carriers we shop. Request a quote for a firm number.
What Our Clients Say
Why Choose Pro Insurance Group
We Shop 20+ Carriers
Independent means we compare the whole market for your industry, not one carrier's rate.
Same-Day COIs
Certificates and additional insured endorsements delivered fast so you never miss a contract deadline.
Specialty Expertise
We place hard-to-write risks in the specialty markets built for them.
One Point of Contact
A dedicated advisor who knows your business, not a call center.
Technology Insurance FAQ
What does technology insurance cover?
It combines technology errors and omissions (claims your product or service failed or caused a client loss), cyber liability (breach and ransomware), general liability, media and IP liability, property for your equipment, and business income. Most tech firms package tech E and O with cyber as the core.
How much does technology insurance cost?
Solo developers and consultants typically pay 1,500 to 3,000 dollars per year, small SaaS and IT firms 3,000 to 7,500 dollars, MSPs 5,000 to 15,000 dollars, and funded mid-size companies 10,000 to 50,000 dollars or more. Revenue, data held, and client contract requirements drive the premium.
What is technology errors and omissions insurance?
Tech E and O, also called technology professional liability, covers claims that your software, platform, or services failed to perform as promised and caused a client a financial loss, including missed SLAs, bugs, and integration failures. It is the foundation policy for any technology company.
Do technology companies need cyber insurance?
Yes. Tech firms both hold sensitive data and operate systems other businesses rely on, so a breach creates first-party and third-party exposure at once. Most modern tech policies pair cyber liability with tech E and O, and client contracts increasingly require both.
Does my client contract require tech E&O and cyber limits?
Very often, yes. Enterprise and government clients routinely require specific tech E and O and cyber limits, plus additional insured status, before they sign. We read your contracts and match the limits and wording exactly.
Can you issue a certificate of insurance for a client contract?
Yes. Once your policy is active we issue certificates of insurance, including additional insured endorsements, the same day, so you can close the deal without waiting.
Get Your Technology Insurance Quote
One broker, 20-plus carriers including specialty tech markets. Tell us about your company and we will build the right program.
Get My Quote Call 833-776-4671Reviewed by Neal Fusco, VP Commercial Lines
Neal leads commercial and specialty coverage at Pro Insurance Group, helping businesses across Illinois and 40-plus states secure the right protection at competitive rates.