Source: CNA — Technology Industry
CNA: Technology Companies Insurance Appetite
CNA's EverGuard tech E&O product competes directly with Travelers' CyberFirst. Both are strong, but CNA's form often provides broader coverage for SaaS and cloud-based service companies. Quote both and compare terms. CNA is particularly strong for mid-market tech companies with $5M-$100M in revenue.
Available Lines
| Line of Business |
|---|
| General Liability |
| Professional Liability |
| Cyber Liability |
| Business Owners Policy (BOP) |
| Workers' Compensation |
| Umbrella/Excess |
| Employment Practices Liability |
Premium Range
$4,000-$30,000
Typical annual premium
Target States
All 50 states
Key Features
- EverGuard technology E&O form is one of the broadest in the admitted market
- Cyber liability with $1M+ limits and full incident response panel
- Media liability coverage included in the tech E&O form
- Package discount when combining GL, tech E&O, and cyber
- Underwriters with deep understanding of SaaS, cloud services, and IT consulting
Limitations
- Cryptocurrency exchanges and DeFi platforms are excluded
- Companies with more than 30% government contract revenue need additional underwriting
- Pre-revenue startups may be better served by Hiscox for initial coverage
Compare Other Carriers for Technology Companies
$1,500-$7,000
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$2,000-$10,000
$2,500-$15,000
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$400-$6,000