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Protection for Innovation & Growth

Technology Industry Insurance

Technology companies face fast-changing risks that go beyond standard business coverage. From cyberattacks to errors in service delivery, Johannes Agency helps tech businesses protect their operations. With more than 33 years of experience and access to multiple carriers, we’ll tailor policies that keep your company moving forward with confidence.

What’s Included in Technology Insurance Coverage

Technology insurance blends traditional business protections with coverage unique to the digital world. Common policies include:

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General Liability

Covers claims of bodily injury or property damage.

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Professional Liability (E&O)

Protects against lawsuits tied to mistakes, missed deadlines, or negligence in services provided.

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Commercial Property

Covers offices, servers, hardware, and equipment.

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Workers’ Compensation

Provides protection for employees in case of workplace injuries.

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Cyber Liability Insurance

Helps cover data breaches, ransomware, and cyber fraud.

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Employment Practices Liability (EPLI)

Covers claims related to hiring, termination, or workplace issues.

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Business Interruption Insurance

Replaces lost income if your operations are disrupted by a covered event.

Tech Businesses We Support

Johannes Agency provides insurance solutions for a wide range of technology-focused businesses, including:

  • Software Developers & SaaS Providers

    Coverage for service delivery risks.

  • IT Consultants & Managed Service Providers

    Professional liability and cyber protection.

  • Hardware & Electronics Firms

    Insurance for manufacturing, assembly, and distribution.

  • E-commerce & Online Retailers

    Cyber, property, and liability protection.

  • Startups & Growth Companies

    Flexible coverage that scales as your business expands.

Technology Insurance FAQs

Here are answers to questions we often hear from technology business owners in Minnesota:

  • Why is cyber liability insurance important for small tech firms?

    Cyber risks affect businesses of every size. A single data breach or ransomware attack can cost thousands in recovery and damage your reputation. Cyber liability insurance helps cover legal fees, customer notification, and recovery costs.

  • What does professional liability (E&O) cover?

    Errors and omissions insurance protects against claims that your product or service caused financial harm due to mistakes, missed deadlines, or failures in performance. It’s essential for service-based technology companies.

  • Does general liability cover data breaches?

    No. Standard general liability policies do not address cyber risks. You’ll need cyber liability insurance to be covered for hacking, data loss, or online fraud.

  • Can technology startups get affordable coverage?

    Yes. Coverage can be tailored to fit the stage and size of your business. Startups often begin with essential protections like general liability and cyber, then expand their policies as they grow.

  • Does business interruption insurance apply to tech companies?

    Yes. If your operations are shut down due to a covered event—like fire, equipment failure, or cyberattack—business interruption insurance helps cover lost income and operating expenses.