Source: AmTrust — Cyber Liability
AmTrust Financial Services: Technology Companies Insurance Appetite
AmTrust writes technology companies through their small business BOP and WC programs rather than a dedicated tech vertical. This works well for small IT consulting firms, MSPs, and local software shops that need basic GL, WC, and cyber coverage. However, if the tech company has significant E&O exposure from SaaS products or cloud services, CNA or Travelers will offer substantially broader professional liability forms. Use AmTrust for the WC and BOP components, and consider pairing with a tech-specialty E&O market for the professional liability.
Available Lines
| Line of Business |
|---|
| General Liability |
| Workers' Compensation |
| Business Owners Policy (BOP) |
| Cyber Liability |
| Professional Liability |
Premium Range
$2,000-$15,000
Typical annual premium
Target States
All 50 states
Key Features
- BOP program covers small IT consulting firms and software companies
- Workers' comp for office-based tech employees at favorable class code rates
- Cyber liability with data breach notification and incident response coverage
- Professional liability for IT services, consulting, and software development
Limitations
- No specialized tech E&O form — CNA's EverGuard or Travelers' CyberFirst are broader for SaaS companies
- Cryptocurrency, blockchain, and DeFi companies are excluded
- Tech companies with over $10M revenue may exceed the small business program limits
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