20 Best Insurance for Software Companies 2023

Best Insurance for Software Companies – Here are the 20 best insurance providers that offer robust insurance policies tailored for software companies. From Chubb to Berkshire Hathaway, these providers offer comprehensive coverage options tailored to mitigate the unique risks in the tech industry. Protect your business and ensure its successful future.

In today’s digital age, software companies face numerous risks, from data breaches to intellectual property disputes. As a result, securing appropriate insurance is crucial.

20 Best Insurance for Software Companies

1. Chubb

Chubb’s custom-tailored solutions for technology companies, including software firms, encompass comprehensive coverages such as cyber liability and professional liability insurance.

2. Travelers

Travelers offers TechSure, a package designed for tech firms, covering risks like data breaches, network damage, and business interruption.

3. Hiscox

Hiscox specializes in small business insurance, providing policies that cover professional liability, general liability, and data breach for software companies.

4. The Hartford

The Hartford’s Spectrum policy for technology businesses is customizable and covers potential tech-related liabilities.

5. CNA

CNA offers a range of coverages for software companies, including cyber liability and technology errors & omissions insurance.

6. AIG

AIG’s CyberEdge, along with professional liability coverage, is designed to handle the unique risks of technology companies.

7. AXIS Capital

AXIS Capital provides customized insurance solutions for tech companies, including liability coverages and breach response coverage.

8. Liberty Mutual

Liberty Mutual offers comprehensive insurance solutions for technology companies, covering various risks such as data breaches and business interruptions.

9. Zurich North America

Zurich’s range of coverage options for software companies includes professional liability, cyber risk, and more.

10. Philadelphia Insurance Companies

PHLY offers a unique suite of insurance solutions for technology companies, including coverages for data breach, network damage, and professional liability.

11. Allianz

Allianz offers comprehensive insurance solutions for tech companies, including a range of cyber and professional liability coverages.

12. TechInsurance

TechInsurance, an insurance broker, provides software companies with multiple quotes from top insurers for comparison.

13. Nationwide

Nationwide offers a technology insurance package that can be customized to fit the needs of a software company, including liability coverage and property protection.

14. Munich Re

Munich Re provides a variety of coverages suitable for software companies, including cyber risk and professional liability insurance.

15. Embroker

Embroker offers a variety of coverage options tailored to technology companies, including general and professional liability, as well as cyber insurance.

16. Tokio Marine

Tokio Marine provides insurance packages designed for tech companies, including cyber risk coverage and professional liability insurance.

17. Sompo International

Sompo International offers comprehensive insurance packages for technology firms, including coverage for cyber risks and professional liability.

18. AXA XL

AXA XL offers tailored insurance solutions for software companies, including cyber liability, property insurance, and more.

19. FM Global

FM Global provides comprehensive commercial property insurance, ideal for software companies with significant investments in physical assets.

20. Berkshire Hathaway

Berkshire Hathaway provides a suite of insurance solutions suitable for software companies, including professional liability and cyber risk coverages.

Conclusion: Protect Your Software Company with the Right Insurance

Selecting the right insurance provider is crucial for software companies to safeguard against potential risks. The best insurer for your software company will depend on your specific needs, potential risks, and budget. Evaluate each of these top 20 insurance providers and choose one that aligns best with your business needs.