Source: The Hartford — Technology Professional Liability
The Hartford: Technology Companies Insurance Appetite
The Hartford's FailSafe tech E&O product is one of the strongest technology packages in the standard market. It wraps professional liability, cyber, and media liability into one integrated form — much simpler than placing each line separately. The 24/7 cyber incident hotline is a real differentiator for tech clients. This is an excellent lead market for IT consulting, SaaS companies, and MSPs doing $500K-$25M in revenue. Compare with Travelers CyberFirst and Hiscox for best terms.
Available Lines
| Line of Business |
|---|
| Business Owners Policy (BOP) |
| General Liability |
| Professional Liability |
| Cyber Liability |
| Workers' Compensation |
| Commercial Auto |
| Umbrella/Excess |
| Employment Practices Liability |
Premium Range
$3,000-$25,000
Typical annual premium
Target States
48 states + DC (excludes AK, HI)
Key Features
- FailSafe Technology E&O combines professional liability, data privacy, network security, and media liability in one form
- CyberChoice First Response cyber product available nationwide (excludes AK, LA, VT) with 24/7 cyber incident hotline
- Dedicated technology underwriters who understand SaaS, IT services, managed service providers, and software development
- Tech E&O covers software errors, data loss, project delays, and failure to perform — broader than generic E&O forms
- Package pricing available when combining BOP, tech E&O, and cyber for a comprehensive technology account
Limitations
- Cryptocurrency, blockchain, and DeFi companies face additional underwriting scrutiny or may be declined
- Hardware manufacturers with significant product recall exposure may need specialty product liability coverage
- Large technology companies over $50M revenue move to middle & large commercial underwriting
Compare Other Carriers for Technology Companies
$1,500-$7,000
$3,000-$25,000
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$800-$6,000
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$2,000-$10,000
$2,500-$15,000
$1,500-$10,000
$2,000-$15,000
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$500-$4,000