The right Insurance for technology organizations

Solutions to support your evolving business model


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Featured Clients

 
 

Claims

We hope that nothing ever happens that causes you to have an insurance claim. However, if you do have a claim, we have the resources, expertise and experience to advocate on your behalf.

If you have suffered a loss or damage that may be covered by your insurance policy, please contact your Insurance Broker or contact our Claims Department:

E: derek.may@hubinternational.com
T: 604-331-5464

 

Technology & Cyber Insurance

HUB International works with a wide array of technology companies of varying sizes, from gaming & software development, e-commerce, social media, information technology consulting, hardware, telecommunications, high tech manufacturing and more.


 

What we insure

At the beginning stages of your operations, a technology start-up package will often suffice. This includes contents, general liability and smaller limits on errors & omissions as well as cyber liability.

Depending on your risk profile, there may be some additional insurance products that would be beneficial as add-ons. We work with many technology companies, from start-ups to large organizations, to ensure they have the right coverage from the start and are set up to grow with the right carriers.

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Employee Benefits

Cyber Insurance

Cyber insurance can help restore employee and customer identities, recover compromised data and repair damaged computers and networks, whether your business is the victim of a data breach, password attack, ransomware or phishing attack.

You could be at risk for a cyber attack. A staggering number of small and medium-sized organizations get attacked each year — many without the support of cyber insurance coverage. And if your systems or data were compromised, either could put you out of business or cause a significant financial loss.

Exclusive Cyber Coverage Features for Your Business

  • Third-party coverage for the transmission of viruses through your system, or for loss of information due to unauthorized access of your system.
  • Loss of third-party information that was in your care, custody or controls that result in a lawsuit against your business.
  • Business interruption coverage for system events (cyber events not included under traditional property policies).
  • Cyber extortion coverage.
  • Forensics costs to investigate the cause, scope and extent of the incident.
  • Data restoration coverage in the event of an incident to prevent, minimize or mitigate future events.
  • Coverage for costs (legally mandated or voluntary) incurred to notify those whose information was lost.
  • Credit monitoring for instances of identity or credit theft.
  • Public relations costs to obtain advice and support to prevent reputational harm to your brand.
  • Legal representation expenses to obtain legal advice in connection with a data or network security event.
  • Definition of “Claim” includes administrative or regulatory proceedings.
  • Limited exclusionary language.

Cyber-attacks in the form of computer viruses and computer hacks are on the rise. A large number of privacy breaches are also occurring through human error or unauthorized access by employees.

Any organization that relies on a computer system to operate or stores sensitive information in a tangible form, is vulnerable to a privacy breach that could cause a third party lawsuit, business interruption, extortion demand or other costs the company will be responsible for. HUB’s Cyber Defense coverage can help protect your business.

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Annex Alliance Program

Exclusive to HUB, this program offers access to group discounts on Commercial General Liability and Professional Liability.

Our Annex Alliance program executive is Derek May, who brings you industry-specific Risk Management and Professional Liability expertise.

This exclusive offer for the Annex Alliance will allow members to access group discounts on Commercial General Liability and Professional Liability (Errors and Omissions coverage).

Annex Alliance members will also have access to information on emerging IT Risk Management issues, Cyber Liability and Legislative changes affecting them directly, just by following the HUB International TECHNOLOGY blog and Twitter account (@HUBTechnology).

Why Should You Carry This Coverage? Risk management and insurance protection are important to businesses in general but particularly with the high-stakes and fast-paced IT industry. There are a number of reasons why Annex Alliance members should carry this coverage:

  • It will provide you peace of mind as a business owner and/or consultant;
  • It will set you apart from many other competitors when your bid is submitted to a client, with coverage already in place;
  • It covers defense costs (which is critical given that the greatest exposure to IT professionals is not the cost of a claim, but the costs associated with defending the allegations).
  • Get A Quote

 

Employee Benefits

Today’s employees are looking for so much more than traditional Health and Dental coverage when it comes to their benefits. Let our team of experienced tech sector advisors help you develop a Total Benefits Strategy, making your plan a retention-based bomb for your current workforce, and the envy of your competitors.


 

Our Knowledge

As insurance professionals offering complex contractual products that differ so greatly, we believe our experienced recommendations can be of value to you. We believe that as consumers ourselves, we clearly understand the importance of competitive pricing. We also understand that the real cost of insurance is not just the premium, but how the insurer responds, or fails to respond, in the event of a claim.

Moreover, our people are equipped to deal with the latest trends and developments in technology insurance and are committed to giving you the added value of our knowledge. Our growth has allowed us to acquire experts in every aspect of technology insurance. Protecting your business and assets – today and into the future – takes understanding your unique risk exposures and the particular coverage it will take to secure your interests.

About Us

Hi, We’re HUB.

In a rapidly changing world, we advise businesses and individuals on how to prepare for the unexpected.

When you partner with us, you're at the center of a vast network of experts who will help you reach your goals through risk services, claims management, and compliance support.

And this gives you the peace of mind that what matters most to you will be protected — through unrelenting advocacy and tailored insurance solutions that put you in control.

As the largest broker in Canada and 5th worldwide, we have the resources and experts to ensure your business is covered.

About Us


Hi, We’re HUB.

In a rapidly changing world, we advise businesses and individuals on how to prepare for the unexpected.

When you partner with us, you're at the center of a vast network of experts who will help you reach your goals through risk services, claims management, and compliance support.

And this gives you the peace of mind that what matters most to you will be protected — through unrelenting advocacy and tailored insurance solutions that put you in control.

As the largest broker in Canada and 5th worldwide, we have the resources and experts to ensure your business is covered.

Frequently Asked Questions

Insurance For Technology Organizations

 
1What types of Technology companies do you work with?
HUB International TECHNOLOGY works with a wide array of technology companies of varying sizes. Currently we deal with companies in gaming & software development, e-commerce, social media, information technology consulting, hardware, telecommunications and high tech manufacturing. If your company falls outside one of these categories, we would still be happy to help!
2How long does it take to secure coverage?
Generally we would like to have 1-2 months to properly work with your company to review and audit your current policies, make suggestions and then go to the market. We also want to leave some time for you to review the proposals and make the best choice for your company.
3We are a new technology start-up with a very small operation. Do we need all of these different kinds of insurance products?
At the beginning stages of your operations, a technology start-up package will often suffice. This includes contents, general liability and smaller limits on errors & omissions as well as cyber liability. Depending on your risk profile, there may be some additional insurance products that would be beneficial as add-ons. We work with many technology start-ups to ensure they have the right coverage from the start and are set up to grow with the right carriers.
4I have heard a lot of talk about Cyber Liability coverage lately due to some big companies being infiltrated. Do you think my company would benefit from this coverage?
Depending on your operations, a good, comprehensive cyber liability package could play a huge role in any future exposures. With pending legislation in Canada, greater notification expenses and potential lawsuits are a reality as government looks to make companies responsible for leaking private customer information. These costs could potentially cripple a company and lead them into bankruptcy. Cyber liability policies would respond to these scenarios and cover the company up to the limits of the policy.
5I like what I’ve heard about HUB International and what I see on the TECHNOLOGY website. How do I go about having a risk profile done for my company that identifies our exposures?
One of our TECHNOLOGY specialists would be happy to meet with you to provide a customized risk profile of your business. We generally want to have a quick look at the operations, offices, company structure and finances to determine what products would suit your company best. We are very thorough in our risk profile and that is one of the factors setting us apart in the industry.
6Did you know who you are insured by?
There are several types of Insurer-Broker relations. Are the actual underwriters in Canada? What is their financial strength? Do they have the required Technology sector expertise to represent you in a liability matter? Where will claims be processed and handled? Is there an additional intermediary whom you are not aware of? You need to ask these questions before you purchase the insurance - otherwise you may find that when you really need your policy, the people you are dealing with on the claim are far removed from both you and your Insurance Broker.

For everything you need to know about Technology Insurance and for the best coverage, value and service, contact us today
 

Any Questions? Please email the team below.

Your HUB Technology Team

 

News & Blogs

June 10, 2020

Mandatory Breach Reporting: How to Stay Compliant

Your insurance program needs cyber liability insurance now more than ever! On November 1, 2018 […]
June 10, 2020

Protecting Your Business from Cyber Crime

Since many businesses have recently established “work from home” arrangements for their employees due to […]
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