StandardVerified Q1 2026
Source: Markel Corporation – Technology Insurance
Markel Corporation: Technology Companies Insurance Appetite
Markel fills the gap for tech companies that don't fit neatly into admitted tech E&O programs. Hardware manufacturers, IoT companies, and firms with complex SaaS revenue models can often find coverage here. For standard IT consultants and MSPs, Coalition or Hiscox may be more cost-effective.
Available Lines
| Line of Business |
|---|
| General Liability |
| Professional Liability (Tech E&O) |
| Commercial Property |
| Umbrella/Excess |
| Products Liability |
Premium Range
$2,500-$20,000
Typical annual premium
Target States
All 50 states (E&S and admitted programs vary by state)
Key Features
- Technology E&O for software companies, SaaS, and IT service providers
- Can write tech firms with revenue models standard carriers struggle with
- Products liability for hardware and IoT device manufacturers
- Umbrella/excess available over tech E&O
- Flexible underwriting for startups and emerging tech companies
Limitations
- Cyber liability may need to be placed separately for best terms
- Pricing may be above admitted market for clean, standard tech risks
- Cryptocurrency and blockchain companies are selectively written
Compare Other Carriers for Technology Companies
Progressive CommercialStandard
$1,500-$7,000
TravelersPreferred
$3,000-$25,000
CNAPreferred
$4,000-$30,000
HiscoxPreferred
$1,000-$8,000
ERGO NEXT InsurancePreferred
$800-$6,000
The HartfordPreferred
$3,000-$25,000
EMPLOYERS HoldingsStandard
$600-$4,000
AcuityStandard
$2,000-$10,000
Erie InsurancePreferred
$2,500-$15,000
biBERKPreferred
$1,500-$10,000
AmTrust Financial ServicesStandard
$2,000-$15,000
BTISStandard
$2,000-$12,000
Pie InsurancePreferred
$500-$4,000
NationwideStandard
$1,500-$8,000
Liberty MutualStandard
$2,000-$10,000
ChubbPreferred
$3,000-$20,000
Cincinnati FinancialStandard
$1,500-$9,000
Hanover InsurancePreferred
$1,500-$10,000
Auto-Owners InsuranceStandard
$1,200-$8,000
Guard Insurance GroupStandard
$1,000-$8,000
Coterie InsurancePreferred
$500-$4,000
Selective Insurance GroupPreferred
$3,000-$50,000
Kinsale Capital GroupStandard
$2,500-$30,000
InsureonStandard
$400-$6,000