Insuring Innovation For Technology Companies.
When it comes to technology innovation, the only thing holding technology companies back should be imagination, not insurance. We understand the range of risks technology companies face, and we're ready for what the future may bring.
Travelers is the insurer of choice for a vast range of technology companies because we understand what it means to be in business in the technology sector: always one step ahead of the trends and always innovating.
Cyber Liability, Property Insurance, And More
The best way to determine what type of technology insurance you need is to talk with an agent, but here are some things to consider before you call :
- What type of technology do you have? Many businesses these days are using cloud-based services that may (or may not) have insurance of their own to deal with technical problems related to that software. Other companies are quite content with having a single computer in a back office. Knowing the kinds of technology you use will help your agent pinpoint the best plan.
- How vital is technology to your operations? Some businesses could probably get by without a computer for a few days, while others literally could not do business at all. If the use of technology is important, you should have enough coverage to completely replace the system if something goes catastrophically wrong.
- Are you a creator or a user? Companies that create technology or software can be susceptible to lawsuits over the use of intellectual property, while users have to contend with the possibility of technological services being abruptly limited or shut down.
There's no way to completely avoid risk when you use technology, but you can get insurance that brings these risks down to a manageable level.