Source: Cincinnati Financial – Technology Insurance
Cincinnati Financial: Technology Companies Insurance Appetite
Cincinnati Financial's tech program is growing but not as specialized as carriers like Hiscox or Chubb. Their strength is competitive pricing and local service for small to mid-size tech firms in their operating territory. Best for IT service companies, MSPs, and consultancies that value a relationship-based carrier.
Available Lines
| Line of Business |
|---|
| General Liability |
| Business Owners Policy (BOP) |
| Technology E&O |
| Cyber Insurance |
| Workers' Compensation |
| Commercial Auto |
| Umbrella/Excess |
Premium Range
$1,500-$9,000
Typical annual premium
Target States
44 states (primarily Midwest, Southeast, Mid-Atlantic)
Key Features
- Tech E&O for IT consultants, MSPs, and software developers
- Cyber insurance with data breach response and notification coverage
- BOP for tech firms with office-based operations
- Competitive workers' comp for technology companies
- Local underwriters who understand regional tech ecosystems
Limitations
- Hardware manufacturers are excluded from standard tech program
- Not available in 6 states – check geographic eligibility
- Large SaaS companies with over $20M ARR need individual underwriting
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