Business Insurance
Technology Insurance
Not every tech company is a venture-funded SaaS. Solo developers, freelance designers, IT contractors, and small consultancies need the same E&O and cyber coverage, just sized differently. We write policies that start small and grow with you.
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Who we cover
Independent technology professionals and small service-based teams who don't fit the larger SaaS company profile.
- Independent software developers and contractors
- Freelance designers, UX, and product consultants
- IT consultants and technical project managers
- Small IT shops and break-fix providers
- Cybersecurity consultants and penetration testers
- Tech bootcamps and training providers
What's typically included
Smaller tech operations usually get a packaged policy, E&O, cyber, and a small commercial general liability, for a single annual premium that's significantly cheaper than buying the parts separately.
- Professional liability / errors & omissions
- Cyber liability with breach response
- General liability (premises, advertising injury)
- Hired and non-owned auto (for client visits)
- Business equipment coverage (laptops, gear)
- Personal cyber for sole proprietors
This is an overview. All coverages, limits, and exclusions can only be confirmed by a licensed MyBrokers broker on a quote tailored to your specific policy.
What moves the premium
For small tech operations, premiums are usually moderate, driven primarily by what you do, who your clients are, and how exposed you are to a project gone wrong.
- Annual revenue (often < $500K for this category)
- Type of work: development, consulting, audit, training
- Client industry and contract values
- Past claims
- Whether contracts require specific coverage limits
Ready for a quote on technology insurance? Talk to a real broker who specializes in it.
Frequently Asked Questions
Who Needs Technology Insurance?
If you ship code, host data, build software, or sell IT services, you need a policy that covers the professional and digital risks of working in tech. Common audiences include:
- Software Developers
- Website Design & Marketing Agencies
- Ecommerce Brand Owners
- IT Consultants
- Computer Installations or Repairs
How Much Does Technology Insurance Cost?
Technology insurance premiums depend on what your business does, who your clients are, and how much sensitive data you handle. Cost is calculated on:
- Projected Revenues
- Types of Products or Services Offered
- The Value of your Assets & Liabilities
What will my Technology Insurance cover?
Technology Insurance bundles a few core coverages that target the unique exposures of building, hosting, and selling technology services. Typical coverage includes:
- Commercial General Liability Insurance
- Professional Liability Insurance
- Cyber Liability Insurance
This is an overview. All coverages, limits, and exclusions can only be confirmed by a licensed MyBrokers broker on a quote tailored to your specific policy.
Still have questions? We'll quote it, explain it, and let you decide.
Other Insurance We Offer
We're partners with over 120 Canadian insurance providers and cover the full range of personal and commercial insurance. If you need it, we likely write it.
Business Insurance
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