News and Articles - Specialist Risk Insurance Solutions

Professional Indemnity for Technology companies

Written by Georgia Green | January 19, 2021

The Technology Sector in the UK is moving at a lightning pace. With a large proportion of us working from home, the demand on Technology companies is at an all-time high. It is more important than ever to partner with an insurance broker who is a specialist in this challenging sector and can proactively manage your business’ requirements as you grow.

Here are a few key points for your consideration:

  • COVER – There are a number of elements to consider when working with your insurance broker to protect your business, such as: do you have a high enough Limit of Indemnity and is it on an any one claim basis? Could your excess be lower? Are you on a Civil Liability wording? Does your policy cover IP Infringement, Fidelity, Breach of contract, Social Engineering, Crisis Mitigation? There are many additional covers available and working with an experienced and knowledgeable broker is the best way to ensure your business is suitably protected.
  • COST – Are you paying over the odds? Far too often we see an insured who’s been with the same broker year-on-year, rolling over the policy for ease. These businesses are often experiencing a higher premium than they should be. By utilising a large panel of Insurers, we ensure that your business is never paying more than it should be.
  • SERVICE – Our Insureds benefit from a close relationship with their client team. Often we will hold meetings with the Underwriter who is writing our client’s policy. We find that by maintaining a close relationship with our Insureds, we can broke your policy more effectively due to a deep understanding of your business.

At SRIS we keep abreast of the PI market and its constant changes, this ensures that when your policy comes up for renewal, we already know which insurers will or will not be suitable for you and your future plans. We have access to all relevant Insurers, and we offer non-biased advice, always taking into consideration what is best for your company.

For a free and confidential policy review please click here, or get in touch with our expert team:

srisenquiries@specialistrisk.com

020 7977 4800