Technology insurance that keeps up with how fast you ship
Buying your first Tech E&O policy, or staring at a renewal quote that just jumped? We shop 60+ carriers to build a program that fits your stack, your contracts, and your stage.
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Why technology companies switch to Coverwatch
01 - Flat Fee, Not a Cut of Your Premium
01 - Aligned Incentive
Flat Fee, Not a Cut of Your Premium
A funded tech company stacks Tech E&O, cyber, D&O, and EPLI into a six-figure program fast, and a commission broker earns more every time that number climbs. Coverwatch charges a flat fee, so getting you affordable technology insurance never costs us anything.
02 - Carriers That Understand Software Risk
02 - We Shop 60+ Markets
Carriers That Understand Software Risk
Standard carriers get nervous about AI, crypto, and anything touching customer data at scale. Your risk profile goes to 60+ carriers, including E&S markets that write cyber firms and web3 companies most brokers can’t reach, and they compete for the account instead of you chasing one quote at a time.
03 - Coverage That Scales With Your ARR
03 - No Renewal Surprises
Coverage That Scales With Your ARR
A Series A close triggers a D&O requirement. A new enterprise deal demands $5M in Tech E&O and a cyber endorsement. Growth changes your exposure between renewals, and coverage gets adjusted when it happens, not twelve months late at audit time.
Coverage for every kind of tech company.
Different business models and stages carry different risk. The program matches your stack, your contracts, and where you are.
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How we protect your company
Map Your Contracts and Your Stack
Send us your current policies, your customer contracts, and your cap table. Your insurance requirements come from vendor MSAs, enterprise security addenda, investor covenants, and state privacy law, and we flag every gap plus every line you’re double-paying for.
The risks technology companies actually face
Before we shop carriers, we map each exposure to your current policies, flag the gaps, and benchmark your limits and price.
Data breach and ransomware
One stolen credential or one unpatched dependency can expose every customer record you hold. Notification, forensics, and downtime costs pile up quickly, and all 50 states now have their own breach-notification law to comply with.
IBM’s 2024 report put the global average data breach cost at $4.88M, with ransomware incidents averaging $4.91M.
Software-failure E&O claim
A bug in your release corrupts a client’s data or knocks their store offline during peak sales. When your product causes a customer a financial loss, they come after you, and general liability won’t respond.
A billing bug over-charges a SaaS client’s customers for a week. The client demands refunds, credits, and $300K in remediation, then files suit when you push back.
IP infringement claim
A competitor says your feature infringes their patent, or a rights-holder says your model trained on their content. Defense costs run into the hundreds of thousands before a court ever decides who’s right.
A patent-assertion entity sends a demand letter alleging your API infringes a software patent. Even a nuisance settlement plus defense runs past $250K.
Failure to deliver or missed SLA
A six-month implementation slips, an uptime SLA breaks during a critical window, or a fixed-bid project blows past scope. Clients sue for the revenue they lost while waiting on you.
An MSP misses a contractual 99.9% uptime SLA during a client’s fiscal close. The client claims $400K in lost productivity and withholds payment.
D&O exposure at a funded company
Once you raise institutional money, your directors and officers can be sued personally over a down round, a wrongful-termination claim, or a disclosure dispute. Most VC term sheets require D&O in place before the round even closes.
A laid-off executive at a Series B startup sues the board for wrongful termination and misrepresentation. Defense alone runs $500K, paid from the founders’ own pockets without D&O.
Cloud or SaaS vendor outage
Your product runs on someone else’s infrastructure. When a cloud host or security vendor goes down, your revenue stops even though the failure wasn’t yours, and standard property policies don’t treat it as covered.
The July 2024 CrowdStrike update crashed Windows systems worldwide and caused an estimated $5.4B in direct losses to Fortune 500 companies, much of it downstream firms that never used CrowdStrike directly.
The technology companies we cover
Every stage and business model carries a different risk. We price the difference.
B2B SaaS
Your customer contracts, not the law, drive most of your coverage. Enterprise MSAs routinely demand $5M in Tech E&O plus a cyber endorsement naming the customer, and a program built around those clauses is what keeps deals from stalling in security review.
MSPs & Managed IT
You hold the keys to every client’s network, so one bad patch or a breach that spreads through your remote-management tools becomes your liability across the whole book. Tech E&O and cyber written for MSP aggregation risk is a different product than generic IT coverage.
IT Consultants & IT Services
Advice and implementation are the product, which means an errors-and-omissions claim can land even when the hardware works exactly as sold. Project-based work also means COIs on demand for every new engagement.
Fintech
Handling money and financial data pulls you into NYDFS cybersecurity rules and regulatory scrutiny that pure-software companies never see. Underwriters treat a lending or payments API very differently from a to-do app.
Cybersecurity Firms
Selling security means you’re held to the standard you promise, and a client breach on your watch becomes a failure-to-perform claim. Standard markets often decline the class outright, so E&S access is the difference between a quote and a dead end.
Crypto & Web3
Custody, smart-contract bugs, and shifting regulation put crypto and web3 companies in a market most carriers refuse to quote. Coverage usually lives in E&S and specialty programs, and D&O for token issuers is its own conversation.
Funded Startups (Seed to Series C)
A closed round starts the clock: most term sheets require D&O within 60 to 90 days, usually $3M to $5M in limits. Fast hiring adds EPLI exposure, and revenue often outruns the limits written a year earlier.
Enterprise & Late-Stage Tech
Larger programs mean layered limits, tower structures, and dozens of contractual insurance requirements to track across customers and vendors. At this stage the complexity, not the premium, is the hard part.
Coverage built for technology companies
Every line a modern tech company needs, shopped across 60+ carriers.
The flagship policy for tech. Responds when your product or service causes a customer financial harm: a software defect, a failed implementation, a missed deadline, or negligent professional advice. General liability covers none of it. Most policies bundle third-party cyber and can extend to media and IP, and nearly every enterprise contract requires it before you can sign.
- Regulatory notes
- Not legally mandated, but standard in B2B tech contracts and enterprise vendor onboarding. Written claims-made, so the retroactive date and continuous coverage matter.
- Typical cost
- $1,500–$10,000/yr early-stage; $25,000+ for larger firms with enterprise contracts
Covers the first-party cost of a breach (forensics, customer notification, credit monitoring, ransomware, business interruption) and the third-party lawsuits that follow. For any company holding customer data, it isn’t optional. Many policies now include contingent business interruption for cloud and SaaS vendor outages, though carriers are tightening those sub-limits after CrowdStrike.
- Regulatory notes
- All 50 states have breach-notification laws. The NY SHIELD Act and MA 201 CMR 17.00 require written security safeguards regardless of where you’re based.
- Typical cost
- $1,000–$7,500/yr for SMB tech; scales with records held and revenue
Covers the personal liability of your directors and officers for decisions they make running the company: investor disputes, regulatory inquiries, and management-related claims. Once you take venture money it’s rarely optional, because the investor putting a partner on your board wants that seat protected. Most term sheets require it before the round closes.
- Regulatory notes
- Typically required by Series A term sheets, commonly $3M–$5M in limits within 60–90 days of closing. Not government-mandated.
- Typical cost
- $5,000–$25,000/yr depending on funding stage and limits
Covers claims brought by employees: wrongful termination, discrimination, harassment, and retaliation. Fast-scaling headcount and the layoffs that often follow a raise or a miss are exactly what drives these suits. Defense costs alone can reach six figures before any settlement.
- Regulatory notes
- No mandate, but exposure rises sharply above 15 employees (federal anti-discrimination thresholds) and in CA and NY. Often bundled with D&O in a management-liability package.
- Typical cost
- $1,500–$10,000/yr depending on headcount and state
Covers third-party bodily injury and property damage: a visitor hurt at your office, damage you cause at a client site. Tech companies see low GL frequency, but landlords, coworking spaces, and clients require it as a baseline. It’s usually the cheapest line in the program.
- Regulatory notes
- Not legally required, but standard in commercial leases and vendor agreements. Often the first COI a landlord or client asks for.
- Typical cost
- $500–$3,000/yr for most tech firms
Combines general liability with property coverage for your office space, laptops, servers, and equipment into one policy, usually cheaper than buying them separately. For a distributed team it can cover company-owned hardware wherever it lives. A practical starting point for early-stage companies.
- Regulatory notes
- Not required by law. Commercial leases typically dictate minimum property and liability limits.
- Typical cost
- $750–$4,000/yr depending on office footprint and equipment value
Pays medical bills and lost wages when an employee is injured on the job, including remote workers hurt in a home office. Even a low-hazard software team needs it once there are employees. Rates for clerical tech classifications are among the lowest of any industry.
- Regulatory notes
- Mandatory in nearly every state once you have employees (Texas is the main exception). Remote staff are generally covered in their state of residence, which multiplies compliance across states.
- Typical cost
- $300–$1,000/yr per employee for clerical and software classes
Responds to claims that your website, marketing, product, or training data infringes someone’s copyright, trademark, or other intellectual property. It matters most for adtech, martech, media platforms, and AI companies whose product touches third-party content. Sometimes an endorsement on Tech E&O, sometimes a standalone policy.
- Regulatory notes
- Not mandated. Rising sharply as a concern for generative-AI companies facing training-data copyright suits.
- Typical cost
- Often included in Tech E&O; standalone $2,500–$15,000/yr for content-heavy firms
Not sure which lines your contracts and stage actually require? Let's talk through your program.
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Adjust it as you grow.
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Common questions about
technology insurance
Most tech companies start with Technology E&O (professional liability), cyber liability, and general liability. Once you have employees, add workers’ comp and usually EPLI. Once you raise institutional funding, investors will require D&O. The exact mix depends on your contracts, the data you hold, your headcount, and your funding stage, which is what the free coverage review sorts out.
An early-stage software company might pay $3,000 to $10,000 a year for a Tech E&O plus cyber plus general liability bundle. A funded startup adding D&O and EPLI can run $25,000 to $75,000+ across the full stack. Price is driven by revenue, the data you hold, your funding stage, and the limits your contracts require. We give you a line-by-line breakdown, no guesswork.
Tech E&O covers financial loss your product or service causes a client: a bug, an outage, a missed deliverable, negligent advice. Cyber covers the fallout of a data breach or attack: notification, forensics, ransomware, business interruption, and privacy lawsuits. They overlap, and many policies bundle both, but relying on one to do the other’s job is a common and expensive gap.
Usually yes, from Series A onward. Most institutional term sheets require the company to buy a D&O policy before or shortly after closing, commonly $3M to $5M in limits within 60 to 90 days. Because a VC is putting a partner on your board, they want that director protected before any votes happen. We can place D&O quickly enough to keep a closing on schedule.
We charge a flat fee instead of a percentage of your premium, so we’re not paid more when your costs go up. We shop 60+ carriers, including E&S and specialty tech markets that write AI, fintech, crypto, and cyber firms, instead of placing you with one or two. And we adjust your coverage when you close a round or sign a big contract, not just once a year at renewal.
Often, yes. Those classes usually sit in the excess and surplus (E&S) market, where standard carriers won’t go. We work with specialty programs that underwrite web3, digital-asset, AI, and security firms, and we know how to package the risk so it gets a real quote instead of an automatic decline.