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INSURANCE FOR THE TECHNOLOGY INDUSTRY

3D printer

Technology Industry

Technology hardware, software and service providers operate at the cutting edge of the digital frontier, providing products that businesses in all industries need to become more productive and efficient while enabling the development of new ideas and innovations in many other industries. Technology insurance products and services are designed to respond to the particular risk management needs of computer hardware, software and service providers such as consulting, hosting and managed IT services.

In addition, technology companies share elevated cyber risk due to the nature of their businesses. Cyber insurance can help protect both the end product and the integrity and trustworthiness of the product being integrated by technology users.

Why Zurich?

Zurich’s technology industry team delivers the experience, tools and resources needed to help hardware, software and service providers better understand risks and develop effective, forward-looking strategies to mitigate them. We provide insurance for technology companies that addresses the risks they face today and anticipates the risks they may face tomorrow.

 

 

38K fires each year
at industrial and manufacturing properties cause an estimated $1.2B in property damage1


2.5X more injuries
office workers face in workplace falls than in other occupations2


923M connected devices
(IoT) projected in manufacturing environments by 20203


Technology insurance solutions

Zurich’s commitment to innovation within our own organization aligns with our focus on providing technology customers with insurance products and risk management services that are designed to respond to the unique needs of this critical industry.

  • Hardware manufacturers
  • Software and programming services

Technology-related manufacturers and service providers

Zurich technology industry professionals understand that the risks facing hardware, original equipment manufacturers (OEMs) and electronic manufacturers, to name a few, are evolving literally as fast as the hardware products they make. To mitigate those risks, Zurich specialists tailor insurance for computer equipment manufacturers and other technology customers to meet the special needs of manufacturers who design and build the hardware critical to the world’s digital infrastructure.

Insurance coverages

Commercial Property insurance
Coverage for business interruption, sprinkler leakage due to earthquakes, equipment breakdown, and Research & Development and Original Information coverage

Technology Errors & Omissions insurance (E&O)
Specialized coverage against claims that user data was handled in a negligent manner

Cyber Risk insurance
Cutting-edge cyber security insurance and risk assessments built to protect businesses against this evolving risk

International
Providing seamless insurance, Risk Engineering and Claims services through a global network reaching 215 countries and territories

Other traditional coverages:
General Liability, Automotive Liability, Workers’ Compensation and Umbrella

 

Tools and solutions for technology-related manufacturers and service providers

Complimentary Risk Engineering learning tools and resources available to Zurich policyholders: Digital self-service risk assessment applications, such as Zurich Risk Advisor©; monthly e-newsletters; slip, trip and fall prevention (STF) resources; water mitigation recommendations; hazard communication; hearing conservation; respiratory protection and silica control; safety calendars; business risk reviews, and risk reduction seminars and webinars.

Fee-based services provided by a professional risk engineering expert:

  • Property risk assessment
  • Water intrusion evaluation
  • Cyber risk assessment
  • Fleet program review & implementation assistance
  • Slip, trip and fall (STF) assessment
  • Workplace violence training
  • Office ergonomics
  • Safety Source Learning Management Systems (LMS)

Download the Risk Engineering Solution Suite for Technology-Related Manufacturers and Service Providers

 

Technology software developers

vr-guy

Application software providers face a range of business risks complicated by being parts of a special industry. Zurich technology specialists leverage targeted knowledge and experience to design insurance programs to the exacting needs of today’s software developers and programming services.

Insurance coverages

Commercial Property insurance
Coverage for business interruption, sprinkler leakage due to earthquakes, equipment breakdown, and Research & Development and Original Information coverage

Technology Errors & Omissions (E&O) insurance
Specialized liability coverage tailored to the needs of technology companies

Cyber Risk insurance
Cutting-edge cyber security insurance and risk assessments built to protect businesses against this evolving risk

International
Providing seamless insurance, Risk Engineering and Claims services through a global network reaching 215 countries and territories

Other traditional coverages:
General Liability, Automotive Liability, Workers’ Compensation and Umbrella

 

 

Tools and solutions

Risk Engineering services included with Zurich policies: Digital self-service risk assessment applications, such as Zurich Risk Advisor©; monthly e-newsletters; slip, trip and fall prevention (STF) resources; water mitigation recommendations,; hazard communication; hearing conservation; respiratory protection and silica control; safety calendars; business risk reviews; and risk reduction seminars and webinars.

Fee-based services:

  • Property risk assessment
  • Water intrusion evaluation
  • Cyber risk assessment
  • Office ergonomics
  • Food safety and products liability review
  • Fleet program review and implementation assistance
  • Slip, trip and fall (STF) assessment
  • Safety Source Learning Management Systems (LMS)

Download the Risk Engineering Solution Suite for Software Developers and Programming Services

 

1. Campbell, R. Fires in industrial and manufacturing properties. National Fire Protection Association. March 2018. https://www.nfpa.org
2. “What are the top injuries in a typical office and how can you avoid them?” Albert Einstein College of Medicine. www.einstein.yu.edu 
3. “Business case for safety and health.” U.S. Department of Labor, Occupational Safety and Health Administration. https://www.osha.gov