Source: Travelers — Technology Insurance
Travelers: Technology Companies Insurance Appetite
Travelers' CyberFirst product is one of the strongest tech packages in the standard market. It wraps E&O, cyber, and media liability into one form, simplifying placement for agents. This is an excellent lead market for IT consulting, SaaS, and managed service providers doing $1M-$50M in revenue.
Available Lines
| Line of Business |
|---|
| General Liability |
| Business Owners Policy (BOP) |
| Professional Liability |
| Cyber Liability |
| Workers' Compensation |
| Commercial Auto |
| Umbrella/Excess |
| Employment Practices Liability |
Premium Range
$3,000-$25,000
Typical annual premium
Target States
All 50 states
Key Features
- CyberFirst product combines tech E&O, cyber liability, and media liability
- Dedicated technology industry practice with underwriters who understand SaaS and IT services
- Broad professional liability form covering software errors, data loss, and project delays
- Package pricing available when combining property, liability, and cyber
- Scalable coverage that grows with tech companies from startup to mid-market
Limitations
- Cryptocurrency and blockchain companies face additional underwriting scrutiny
- Hardware manufacturers with product recall exposure may need specialty coverage
- Pre-revenue startups may have limited coverage options
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