A BOP covers a SaaS company's office, laptops, and servers, but the exposures that actually threaten it sit outside the bundle. Enterprise contracts drive the tech E&O and cyber limits a BOP never touches, so the packaged policy is only the base of the program, not the thing that clears a security review.
Business owners policy for technology companies
Bundles general liability with property cover for your office, laptops, and servers into one packaged policy, usually cheaper than buying the two apart, and built as the first policy an early-stage technology company buys.
Why Coverwatch
- Markets
- Carriers that will bundle liability and property for a software or IT shop, including newer companies and remote-first teams other agents find awkward to place.
- Competition
- 60+ markets put head to head on the property limit for your hardware and the liability floor your lease demands, not just the headline premium.
- Structure
- Coverwatch reads what the bundle leaves out before you bind, then lines up the tech E&O, cyber, and D&O a BOP was never meant to hold, so the floor has a real program built on top of it.
For technology
- What it covers
- Your liability to other people and the property you own, meaning the office space, laptops, and servers a small tech team runs on, in one policy.
- What it doesn't
- The lines that actually carry a software business: E&O for a product failure, cyber for a breach, and D&O once you raise money.
Trusted by 60+ carrier partners
What does a business owners policy cover for a technology company?
A business owners policy for tech companies bundles general liability with property cover for the office, laptops, and servers into one policy, usually cheaper than buying each apart. A business owners policy for technology companies is a practical first bundle for an early-stage team, but it leaves out tech E&O, cyber, and D&O.
Why a business owners policy for technology companies is only a floor
A business owners policy answers for two everyday exposures at once: your liability when you harm someone else, and damage to the property you own.
The bundle beats the parts on price
A carrier discounts a packaged policy against buying liability and property separately, so a founder gets both for less than two standalone bills.
It follows the hardware, not a fixed address
The property side is written around a physical office, but for a distributed team the coverage can extend to company-owned laptops wherever they live.
It is a floor, not the whole program
A BOP is property and general liability only. The claims that actually threaten a software company, a bug that costs a client money, a breach of customer data.
How we get you covered
We take business owners policy for technology to 60+ markets, build it to fit your contracts, and keep your certificates compliant.
Read your risk
We map what could actually go wrong in your operation, where a claim would come from, and who would bring it.
Shop 60+ markets
We take your risk to the carriers that know your class and make them compete on price and terms.
Build the endorsements
We add the endorsement wording that decides whether the policy responds to a claim, beyond the base form.
Keep you compliant
We handle the COIs, additional-insured certs, and renewals, so you are never the one chasing paperwork.
Get a quoteFlat fee, no markup on your premium.
What's covered, and what isn't
In the policy
General liability for third-party claims
The liability half pays when someone outside the company is hurt or their property is damaged by you or on your premises.
Your laptops, servers, and equipment
Business personal property covers the hardware a software or IT team runs on: laptops, monitors, docking stations, on-prem servers, and networking gear.
Company hardware wherever the team works
The property coverage follows your equipment in the ordinary course of business, which matters when the team is distributed.
Improvements to a leased or coworking space
The build-out you paid for in a rented office, the wiring, the meeting rooms, the fixtures, is your business personal property to insure, not the landlord's.
Business income after a covered property loss
When a covered physical loss such as a fire closes your office, the policy replaces the income you would have earned and keeps paying fixed costs during the…
Not in the policy
A product or service that fails a client
If your software has a bug, an implementation slips, or your advice costs a customer money, that financial harm is a professional exposure.
Covered by Technology E&O
A data breach or ransomware event
Breach notification, forensics, ransomware, and the privacy lawsuits that follow are not in a standard BOP.
Covered by Cyber Liability
Claims against your founders and board
Once you raise institutional money, your directors and officers can be sued personally over a down round, a disclosure dispute, or a wrongful-termination claim.
Covered by Directors & Officers
Employee injuries, including remote staff
A BOP does not pay when your own employee is hurt on the job, and a home-office injury for a remote worker still counts.
Covered by Workers Compensation
A liability claim past your limit
A judgment that runs beyond your each-occurrence liability limit leaves the excess unpaid.
Covered by Commercial Umbrella
Get a quoteGet a policy built for technology.
Claims business owners policy pays
The property and liability side of a tech company's BOP gets tested in a handful of predictable ways. These are the claims it actually pays, with the typical range to settle each.
ScenarioHow the claim happensTypical cost
Laptops stolen from a coworking space
A break-in at the shared office clears out several company laptops and a monitor or two overnight.
$5K–$50K
Fire in the office building
A fire in the building damages your space and the equipment inside and forces a temporary closure.
$25K–$500K+
A visitor is injured at your office
A client or a candidate slips on a wet floor or trips over a cable during an on-site meeting and is hurt.
$10K–$100K
Gear stolen from an employee's home
A remote team member's company laptop and monitor are taken in a home burglary.
$2K–$25K
Ranges are typical property and liability bands for these claim types, not a quote. Actual exposure depends on your hardware value, office footprint, and the limits you carry.
Get a quoteGet covered before a claim lands.
What technology buyers are required to carry
The limits contracts and statutes set for this line, and what moves your premium and terms.
What buyers require
- Office lease / landlord
- $1M / occ + additional insured
- Coworking membership
- GL often required
- Enterprise customer / vendor MSA
- Higher GL + separate tech lines
A commercial office lease typically requires one million per occurrence in general liability and names the landlord as additional insured before you take possession.
Many coworking and shared-office operators require members to carry general liability and to name the operator as an additional insured as a condition of the membership.
An enterprise master service agreement often lifts the general liability floor and, separately, demands tech E&O and cyber limits the BOP does not include at all.
What sets your cost and terms
- What drives a business owners policy for tech companies
- Underwriters price a tech BOP to the value of the hardware you insure, the size and type of office you keep, your headcount, and your class of work.
- The property value you carry
- The more you insure, the more you pay.
- Your office footprint and location
- A leased suite adds both property and liability exposure a fully remote company does not carry.
- Where your team actually works
- A distributed team spreads company hardware across many homes and shared spaces, which shifts the terms an underwriter attaches to off-premises property.
How this changes by technology segment
The policy is the same product; the exposure, the limit, and the exclusions to watch shift by segment.
MSPs and managed IT
An IT services shop leans on the property side more than most, because it runs servers and carries field hardware a pure-software team does not. The aggregation risk that defines an MSP, where one bad patch reaches every client, pushes tech E&O and cyber well beyond anything the BOP's liability and property grants can answer.
IT consultants
A consulting firm is often laptop-only with no fixed office, so the off-premises property sublimit matters more than the headline property limit. The real value of the BOP here is a fast general liability certificate naming the client, while the advice-and-implementation exposure routes to professional liability.
Endorsements that close the gaps
The base form is the start. These add-ons are where the policy gets built to fit technology.
Cyber liability
Adds breach notification, ransomware, and the privacy claims that follow a data incident, the gap a standard BOP leaves wide open.
Employment practices liability (EPLI)
Covers wrongful termination, discrimination, and harassment claims from staff.
Equipment breakdown
Pays for sudden mechanical or electrical failure of on-prem servers, HVAC, and other systems, including the data-restoration and downtime that follows.
Hired and non-owned auto
Extends liability to rented vehicles and to employees driving their own cars on company errands.
By the numbers
The form numbers, eligibility caps, and notification rules that surface when an early-stage tech company is quoted for a business owners policy, and that show where the bundle stops.
- Base form behind a BOP
- ISO BP 00 03
- BOP eligibility ceiling
- 35,000 sq ft / $6M sales
- Why cyber sits outside a BOP
- 50 states + DC
- A BOP as a small firm's first policy
- Property + liability, one contract
The standard businessowners coverage form, ISO BP 00 03, packages Section I property and Section II liability into a single contract for eligible smaller, lower-hazard risks such as a software or IT office.
ISO businessowners eligibility is designed to reach up to roughly a 35,000 square foot floor area and 6 million dollars in annual sales per location, which is why a scaling tech company eventually moves from a BOP to a commercial package policy.
Every US state plus the District of Columbia requires a company to notify affected residents after a data breach, a duty a property-and-liability BOP does not fund. That notification cost is one reason cyber is added rather than assumed.
Federal small-business guidance describes a businessowners policy as a common starting bundle that combines property and liability coverage for a small company, which mirrors how most early-stage tech teams buy their first policy.
Common questions
about business owners policy for technology insurance
A BOP bundles two coverages a small tech company uses every day. The first is general liability, which pays third-party injury and property-damage claims plus your defense. The second is commercial property, covering your laptops, servers, equipment, and the fit-out of a leased office, along with the income you lose if a covered physical loss shuts the office down. It is priced below buying the two apart.
No. A BOP is property and general liability only, and neither answers when your product or service costs a client money. A bug that corrupts data, a missed implementation, or negligent advice is a professional exposure covered by technology errors and omissions, not a BOP. Because almost every enterprise contract requires tech E&O, it is the line most software companies add alongside the bundle.
No. Breach notification, forensics, ransomware, and the privacy lawsuits that follow a data incident sit outside a standard BOP. That gap is filled by cyber liability, which for any company holding customer data is the single most important add-on. The bundle protects your building and your gear, but the cost of responding to one breach can exceed everything a BOP covers, so cyber is not optional for a tech company.
It can, but check the off-premises limit. A BOP's property coverage is written around a physical office, and it usually extends to company-owned equipment away from the premises up to a sublimit. For a distributed team whose laptops live in homes and coworking spaces, that off-premises sublimit, not the headline property limit, is the number a real theft claim pays against, so confirm it fits your footprint.
No. A BOP is a floor, not the whole program. It handles your office, your hardware, and basic liability, but the exposures that actually threaten a funded software company sit outside it: a product failure needs tech E&O, a data breach needs cyber, and investors will require directors and officers cover. A funded SaaS company relying on a BOP alone is badly underinsured against the claims most likely to hit it.
Price tracks your hardware value, office footprint, headcount, and class, and a lean software team is a low-hazard risk that prices toward the low end. Most companies start at a general liability limit of one million per occurrence and two million aggregate, which is what leases and contracts usually require. On the property side, insure your laptops, servers, and fit-out to full replacement cost, and add an umbrella when a landlord or customer pushes the liability floor higher.
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