Source: Auto-Owners Insurance – Technology Insurance
Auto-Owners Insurance: Technology Companies Insurance Appetite
Auto-Owners' tech program is basic but competitively priced. Their territory misses major tech hubs like California, New York, and Washington, which limits their tech market share. In their Midwest territory, they can be a cost-effective option for IT service companies and MSPs. For more specialized tech coverage, consider Hiscox or Chubb.
Available Lines
| Line of Business |
|---|
| General Liability |
| Business Owners Policy (BOP) |
| Technology E&O |
| Cyber Insurance |
| Workers' Compensation |
| Commercial Auto |
| Umbrella/Excess |
Premium Range
$1,200-$8,000
Typical annual premium
Target States
26 states (Midwest and Southeast)
Key Features
- Tech E&O for IT consultants, MSPs, and web developers
- Cyber insurance with data breach notification and response
- BOP for technology firms with office-based operations
- Competitive pricing for small tech firms in their territory
- Simple application process with fast turnaround
Limitations
- Hardware manufacturers are excluded from tech program
- Available in only 26 states – limited in major tech hubs
- SaaS companies with over $10M ARR need individual underwriting
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