Technology Insurance
Technology insurance protects tech businesses, like software developers and IT consultants, against risks such as errors, data breaches, cyber liability, and business interruptions. It covers legal and financial losses if products or services fail or cause client harm.
Business Insurance | Technology Insurance
Speciality Broking: Empowering High-Growth Businesses
At Jensten, we rise to the challenge of opportunity and progress. As a specialist insurance broker to technology based firms, we provide tailored, agile insurance solutions that evolve with your ambitions.
Our mission is to be the trusted insurance partner of choice for innovative leaders, supporting you with cover that aligns with your vision, values and growth trajectory, allowing you to focus on developing the business without being held back.
What Sets Us Apart:
- We understand your world, from software to data handling.
- Insurance shaped around your unique operations.
- Turning complex tech risks into clear protection.
- Fast support so you can keep moving forward.
Trusted Advisor
Every Step Of The Way
Proactive Risk Management
Our role is to work alongside you and your panel of advisors.
We don’t just provide insurance; we anticipate risks. By embedding ourselves into your business, we assess your needs offering proactive advice to safeguard your vision.
Cyber Liability
Damages and Defence costs for liabilities arising from failure to handle, manage or store data and unintentional spreading of a computer virus together with costs incurred in notifying individuals involved and public relations management to mitigate loss of reputation.
Employers Liability
Legal liability for damages and legal costs for injury to employees arising out of and in the course of their employment.
Management Liability
- Employers Liability Limit of 10m each and every occurrence Business
- Business Interruption £1m standard
- Seasonal increase – stock sum insured increased by 25% for the months of September, October, November and December
- Tenants Improvements cover (with the first £7000 included free of charge)
- £5000 refrigerated goods (per location)
- Money on premises up to £4,000 during business hours or in a locked safe
- Crisis containment cover
- A rated Insurer
Products Liability
Legal liability for damages and legal costs for accidental injury to third parties or accidental loss of or damage to third party property arising out of a product supplied in connection with the Business.
Professional Indemnity
Professional Indemnity Insurance can help cover your liability for damages and costs in respect of claims arising out of the conduct of the Business for breach of professional duty, or for errors or omissions in the service you provide. Also includes libel and slander claims.
Intellectual Property
Helps protect companies for copyright, trademark or patent infringement claims arising out of the company’s operation. It pays the defence costs and any judgement up to the policy limits.
Employee Benefits
Our Health and Protection team can arrange a suite of benefits designed to protect, reward, and ensure the wellbeing of your employees. Improve your workplace with bespoke solutions, including a range of Private Medical Insurance options:
Group Life Assurance
Also known as death in service, cover can provide financial support to loved ones if an employee dies, alongside bereavement support for those left behind.
Group Income Protection
Life’s unpredictability can affect anyone’s ability to work. Income Protection plans offer financial support during illness or disability, allowing your team to focus on recovery without
financial worries.
Group Critical Illness
International Private Medical Insurance global cover for employees on
assignment overseas or those who travel extensively. As well as being ideal for UK residents looking for broader cover (for example, including private maternity and ongoing cover for chronic conditions).
Arranging this type of cover for your team is often much more cost-effective than if employees were to buy cover personally.
Supporting Your Industry
Industry Expertise
With deep experience in sectors like FinTech, HealthTech, SaaS, Web3, and Sustainability, our team delivers insights and experience to support your growth.
We’re more than brokers—we’re partners. From exclusive events to tailored content, we fuel your expansion with a human, jargon-free approach.
We specialise in high-growth sectors, offering tailored solutions for:
Fintech Insurance
Compliance and cyber protection for payment platforms
and BaaS providers
Medtech Insurance
CProtection for businesses
driving environmental
impact.
SaaS Insurance
Insurance that supports
disruptive software
enterprises
IT Professionals Insurance
Compliance and cyber protection for payment platforms
and BaaS providers
Software Developer Insurance
CProtection for businesses
driving environmental
impact.
Questions?
Ready to protect your scale-up with insurance that matches your ambition? Contact us today to start a conversation. Let’s build a insurance roadmap that powers your growth and reflects your values.
Our Technology Insurance
Technology’s development is closely followed by the legislations that governs its use, the data it utilises, and the penalties associated with breaches of this increased legislation. Many technology companies have also seen an increase in the contractual requirements from their clients, which along with the increased legislation levied on the industry, has only increased the potential for claims to be brought under Technology Insurance and IT professional indemnity insurance.
IT Professionals Insurance is a specialist area of insurance, incorrectly placed policies can lead to gaps in your cover and potentially disastrous costs in case of a claim. For this reason, it’s essential to get cover from a broker who will understand your business and the industry. If you are a digital marketing company with a specialist IT department, contact us to see how a Marketing Insurance policy can be combined with an IT Professionals Insurance policy to offer full coverage for your company.
The software development industry continues to evolve rapidly, with innovation driving everything from mobile applications to enterprise solutions. This pace of technological advancement brings distinct risks that require specialist insurance knowledge and appropriate cover.
At Jensten, our dedicated Technology, Media and Cyber (TMC) team understands the specific challenges facing software developers, whether you’re a freelance programmer, a growing technology startup, or an established development agency. From errors in code that could impact client operations to data breaches that affect customer information, the risks you face require specialist cover arrangements.
Our TMC team has extensive experience working with technology sector businesses and can arrange various insurance solutions through our carefully selected panel of specialist insurers.
At Jensten, our specialist Tech Media & Cyber (TMC) team understands the unique challenges facing SAAS companies. We arrange a wide range of insurance solutions through our carefully selected panel of insurers, recognising that your business faces risks that extend beyond traditional commercial concerns – from data breaches affecting multiple users to software errors that could disrupt client operations.
The technology landscape evolves rapidly, and your insurance protection needs to adapt accordingly. Our TMC team works with SAAS businesses of all sizes, from emerging startups and SAAS developers building the next generation of solutions, to established enterprise platforms serving thousands of users. As your broker, talk to us and we can arrange tailored cover that we can scale with your growth and adapt your evolving service offerings.
Our approach combines decades of technology sector experience with access to specialist insurers who understand innovation risks. Whether you’re navigating regulatory compliance, meeting client contractual requirements, or addressing cyber security threats, we can arrange appropriate protection that allows you to focus on development and growth.
Our Technology, Media & Cyber (TMC) team arranges a wide range of insurance cover designed specifically for FinTech businesses across the UK and internationally. With decades of experience in the technology and financial services sectors, we understand that traditional insurance solutions don’t always suit innovative companies. We work with insurers who provide dedicated policy wordings for your trade.
FinTech companies face unique challenges where financial services regulation meets technological innovation. From FCA compliance requirements to the evolving threats of cyber crime and social engineering, your business operates in a complex risk environment. Algorithm failures, payment processing errors, and data breaches can lead to significant claims, while rapid growth brings additional exposures around intellectual property, employment practices, and management liability.
Our TMC team works with FinTech businesses at every stage – from startups seeking their first regulatory permissions to established platforms processing millions of transactions. This extensive experience enables us to arrange insurance solutions that provide appropriate protection while adapting to your evolving business model.
There are fewer industries with more stringent regulations than those in place for medical technologies, meaning that the right advice and policy cover are critical.
We can help provide policies for a range of medical technology companies, from X-Ray scanning machines to operating theatre consumables.
The work you do is essential for your end user, meaning that issues within the supply chain, logistics and even cybercrime are just some of the areas that you may wish to consider accounting for within your programme.
What Our Clients Say...
How we make it possible
We listen, we understand and we advise.
As one of the UK’s fastest growing insurance brokers, Jensten Insurance Brokers, is an award-winning broker with specialist advisers across multiple classes of insurance cover and sectors. Our track record of delivering for clients makes us a leading choice.
We also strive to be an employer of choice, giving our clients access to passionate, talented advisers, and our people an enjoyable and rewarding career.
Technology News & Insights
Technology Insurance FAQs
This is one of the more complex insurance areas, so to help you get the protection you need, here is our Data & Technology Insurance frequently asked questions. We hope they will help, but if you’d like some independent advice, please call us on 01903 444 951, and the team will be happy to help.
There is no one-size-fits-all when it comes to insurance, and a lot of it is down to the type of work you do, who it’s for and the kind and volume of data you are storing.
For a non-exhaustive list of insurance products, we can help to arrange cover for:
- Professional Indemnity Insurance
- Product Liability Insurance
- Business Interruption
- Directors and Officers Insurance
- Management Liability Insurance
- Cyber Insurance
- Office Insurance
- Public and Employer’s Liability Insurance
- Business Property and Contents
- Fidelity Insurance
- Fleet Insurance
- Trustee Liability
- Business Travel and Personal Accident
- Tech Combined for startup enterprises
Technology Insurance is a term used by insurance brokers and technology firms to describe the insurance programmes that are arranged to provide protection for a technology business.
The main cover is Professional Indemnity Insurance, which can help pay claimants should a claim arise out of an error or omission or negligent act, the failure of the product to perform its intended function, or contractual issues.
Technology Insurance coverage is designed to protect against the significant risk of economic loss related to intellectual property, network liability and network and cyber property security.
Your day to day job will consist of installing equipment, solving technological problems, designing and developing solutions, and handling confidential client data, but what happens if, for example, a client isn’t happy with your work? Or one of your employees is injured therefore causing disruptions to business?
This is why the correct Technology Insurance is important. Our brokers will be here to support you when required, allowing you to focus on growing and managing your business.
Some of the main exposures a business in the technology industry will face includes:
- Privacy and Data Breaches
- Errors and Omissions
- Cyber Liability
- PCI (Payment Card Industry Association) Compliant Wordings
- Intellectual Property Issues
- Product Efficacy
- Cyber Crime
- Loss of equipment
- Product Manufacturing
Talk to our specialists
FAQs
Get the answers to frequently asked questions.