Review Cyber & Professional Indemnity Insurance for Tech Companies
Technology businesses face risks that change faster than traditional insurance policies were ever designed to handle. At Clark Williams, we specialise in insurance solutions for companies operating at the cutting edge of technology, where professional advice, software, hardware, data, and user interaction all intersect.
We work with businesses across the technology spectrum, including software consultancies and designers, hardware designers and manufacturers (including wearables), fintech, health e-tech, and emerging social and digital platforms.
If your business is developing, deploying, or supporting technology, we can provide competitive, specialist insurance designed around how you actually operate.
Need a review of your business insurance?
Email your current policy or requirements to info@clarkewilliams.co.uk or call 01732 252 898 — we’ll assess your exposure and highlight any potential gaps in your cover.
Why choose Clark Williams?
Technology insurance should not be generic. Our approach is built around understanding how modern tech businesses work — and where they are most exposed.
Key benefits of working with Clark Williams include:
- Policy wordings designed for your industry, not adapted from outdated tech packages
- Worldwide cover as standard, supporting international clients and operations
- Evolving, forward-thinking cover, reflecting modern cyber, regulatory, and operational risks
- Active claims support, with insurers experienced in complex technology claims
- Cyber threat monitoring and incident response, built into cover
- Affirmative AI cover, rather than silent or excluded exposure
- Support for overseas subsidiaries, joint ventures, and group structures
In short, we arrange insurance that keeps pace with your technology – not the other way around.
What types of insurance does a technology business need?
We can arrange a fully integrated insurance programme, tailored to your specific activities. Common covers include:
- Professional Indemnity / Errors & Omissions (E&O)
- Cyber and Data Insurance
- Public and Products Liability
- Employers’ Liability
- Contents and machinery including servers, specialist hardware, stock, prototypes and components
- Intellectual Property
Further Reading
- Protecting UK Businesses from the Growing Threat of Cybercrime
- Cyber Insurance – Protecting Your Business from Interruptions Due to Third-Party Services
- Cyber and Data Insurance
- Insurance Solutions for SaaS
What types of technology businesses do we work with?
We regularly arrange insurance for:
• Wearable medical technology companies
• SaaS and Systems-as-a-Service providers
• Semiconductor designers
• Hardware manufacturers
• Components manufacturers and designers
• Security and cyber security consultancies
• E-health and health-tech businesses
• Fintech firms
• Digital platforms and marketplaces
• App developers and technology platforms
• Blockchain and distributed ledger utilities
If your business does not fit neatly into a traditional category, that is usually a good sign we should be speaking.
Professional Indemnity (E&O) Insurance for Technology Businesses
Professional Indemnity Insurance (also known as Errors & Omissions or Professional Liability Insurance) is essential for technology businesses that provide services, advice, software, systems, or designs.
What is a professional service?
A professional service is a specialist activity provided using recognised expertise, skill, or technical knowledge, rather than the sale of a physical product alone.
Examples include:
- Software development and SaaS provision
- IT consultancy and systems design
- Engineering, hardware, or semiconductor design
- Cyber security and technology advisory services
- Fintech, health e-tech, and platform development
If a client relies on your advice, code, system, or design and suffers a financial loss as a result of an error, omission, or failure – a claim may follow.
Why do you need it?
Professional Indemnity Insurance protects your business against allegations of:
- Negligence
- Errors or omissions
- Breach of professional duty
- Failure to deliver contracted services
In a highly litigious and regulated environment, this cover can be the difference between business continuity and serious financial damage.
What level of Insurance cover should you have?
We offer limits ranging from £100,000 to £10,000,000 and above, depending on your size, contracts, and risk profile. Cover can also be combined with cyber, liability, and property insurance to create a cohesive protection strategy.
Cyber Insurance – who needs it?
Any business that collects, stores, processes, or transmits sensitive data should consider Cyber Insurance — and that includes most technology businesses.
Cyber risk is not limited to large organisations. In fact, smaller and growing tech firms are often targeted precisely because security controls may still be evolving.
Cyber Insurance can provide protection against:
- Data breaches and ransomware attacks
- Business interruption following a cyber event
- Regulatory investigations and fines
- Notification, forensic, and legal costs
- Third-party claims arising from data loss
If you store data on devices, servers, or in the cloud – including financial, medical, or confidential business information — cyber cover is no longer optional.
Should Professional Indemnity and Cyber Insurance be combined?
Short answer: yes, wherever possible. In many technology claims, cyber and professional liability are closely linked. A cyber incident may cause system failure, which then prevents your business from meeting contractual obligations – triggering a Professional Indemnity claim.
If these covers sit with different insurers, disputes can arise over where responsibility lies. This can delay claims resolution and increase stress at precisely the wrong moment.
By arranging both covers together:
- Claims handling is faster and clearer
- There is no “grey area” between policies
- Insurers work together, not against each other
For technology businesses, a combined approach is usually the most practical and effective solution.
Cover for modern and emerging technology risks
Traditional tech policies often fail to address today’s exposures. Modern technology businesses face risks that simply did not exist ten years ago, including:
- User-generated content and platform liability
- Vicarious liability arising from how users interact with your technology
- Business interruption linked to cyber events
- Regulatory breaches and associated fines
- Intellectual property and media liability
- The intersection of hardware failure and software error
For businesses combining hardware and software, determining whether a loss arises from a product defect or a professional service failure can be complex. Placing these covers with a single specialist insurer avoids costly disputes and ensures seamless protection.
Speak to a specialist
Technology insurance should reflect innovation, not restrict it. At Clark Williams, we combine specialist market access with practical advice to help technology businesses protect themselves properly — today and as they grow.
If you would like to discuss a tailored insurance solution for your technology business, we would be pleased to help.