Our team at Techinsure help technology businesses understand and manage the risks they face, so that they can source suitable solutions to meet their needs and mitigate their costs in the event of a loss.

PIP Hero Bkg
Techinsure 2

Specialist guidance

Techinsure is an insurance product for the technology industry that was devised to help businesses understand and manage the risks that they face. We offer bespoke solutions to accommodate the unique risks that your business may face in collaboration with industry specific partners and insurers. We source suitable solutions to meet your needs and mitigate your costs in the event of a loss.

In the event your data is breached and sensitive customer data is compromised, a cyber insurance policy includes guidance of your legal responsibilities. In turn, this will help to minimise your reputational damage. We provide a tailored solution under a technology combined insurance policy as we understand the full scope of the risks that a technology-focus business may face.

Why this cover?

Tick Icon

We cater for businesses such as hardware and software providers, IT consultants, website designers and developers, and web and cloud hosting services

Tick Icon

Available for self-employed individuals, start-ups and more

Tick Icon

Guidance of PR experts to advise on next steps to recovery following a cyber-attack

Tick Icon

If your systems go down following an attack, our cyber insurance policy can include business interruption cover where many standard covers do not

Tick Icon

First party cover includes breach costs, business interruption, extortion costs and property damage

Tick Icon

Loss or damage to your office contents, computers and portables, such as laptops

Tick Icon

Business Interruption following damage at your office or other locations upon which you depend

Specialist products

PIP Hero Bkg

Intellectual Property (IP) insurance - provides cover for your legal defence and pursuit costs in respect of IP rights and IP licence agreement issues. Levels of cover include opinion only policy, IP legal expenses cover, IP package solution and after the event.

PIP Hero Bkg

Technology combined insurance – a specialist policy which allows technology companies to combine multiple covers under one policy, including: hacker damage, goods in transit, legal expenses, cyber liability, contract works and more

PIP Hero Bkg

Professional indemnity

PIP Hero Bkg

Cyber liability

PIP Hero Bkg

Directors and Officers insurance

Let's put you in touch with a specialist

Make a call or fill in the form

Want to speak to someone?

Call this number

clear group
Thank you for getting in touch. Your enquiry has been successfully submitted. Our team will be in touch shortly to assist you with your insurance needs.
Thank you for trying to get in touch. There was an issue with your submission. Please double-check your information and ensure all required fields are completed. If the problem persists, please contact our main number 020 7280 3450 for assistance.

Want a quick indication for your professional indemnity insurance?

clear group clear group

Why Clear?

Industry-recognised for being people-first, our team of specialists supports start-ups, SMEs, corporates, multinationals and individuals.

Trade specialists

Trade specialists

We offer broad and bespoke sector specialist insurance solutions for peace of mind.

Chartered status

Chartered status

In recognition of our commitment to maintaining the highest standards of knowledge, ethical practice and guidance.

Exceptional service

Exceptional service

We're dedicated to providing exceptional customer service to respond proactively to the needs of our clients.

What to know more?

Find more information from our knowledgeable professionals in these downloadable documents

Clear Downloadable Blue
Clear Downloadable Blue

Frequently asked questions

Why won’t non-cyber business interruption insurance pay out for cyber-attacks?

Business interruption insurance covers your business for loss of income, typically as a result of damage to physical items, during periods when they can’t operate as usual. And claims will only be accepted for the specific set of perils specified in the policy.

Commercial insurance policy won’t include cover for business interruption claims following a cyber-attack (one that results in the damage of non-physical items). Therefore, your existing business interruption insurance likely won’t cover loss of income if your business is unable to function following a cyber-attack, which could last for several weeks.

The work involved to resolve an attack will require specialist services such as IT forensics and legal. Our specialist cyber policy will ensure that your business is covered for loss of income due to these issues.

How can a cyber insurance policy help with my legal obligations in the event of an attack?

Your business will have legal obligations in the case of a data breach — and professional legal guidance, as included in many cyber policies, can be useful to understand what they are.

Legal guidance will include telling you whether you need to inform the ICO and/or your customers, and what you need to tell them. A cyber policy can cover the cost of informing individuals affected by the breach and providing credit monitoring services (where required).

What are the common cyber threats to my business?

IT providers can create a strong line of defence for their customers against each of these but even the best security and trained staff can be breached. Cyber insurance policies can ensure that even businesses that are well protected are equipped to deal with an attack and recover as quickly as possible.

  1. Ransomware (or an extortionate attack) is malicious software that infects computers and withholds access to a business’s own data until a ransom is paid.
  2. Human error continues to be the biggest source of hacks, including when laptops are lost or passwords are stored insecurely; staff training is key to avoid this.
  3. Phishing is a social engineering hack used by hackers who masquerade as a trusted entity (e.g. your customer, bank or partner) in order to persuade legitimate users to give up passwords or information.
  4. Data hack is the exploitation of a computer or network from an external source for illicit purposes.
  5. Zero-day attack is one that’s new and hasn’t been seen before. For example, it could be a new type of phishing email or malware that an attacker uses to access your systems.

How can my cyber insurance policy assist if I fall victim to a cyber incident?

Following a cyber incident, you must first notify your insurer. You’ll receive reassurance and be asked to provide any information that’s available to you. Following this, you’ll get a call back to discuss the incident in more detail and agree next stages, including the appointment of an appropriate incident response service. You’ll be regularly informed of the process and supported throughout. With an assessment of the incident completed, a solution will be provided.

The final stages are recovery and settlement. The restoration of the backup data will occur at this time, once it’s confirmed that your systems are safe and clear of the attacker.

Is my business too small to be at risk from a cyber-attack?

Attacks against household brands make the news but attacks on smaller organisations are often more frequent. Cyber criminals often operate similarly; instead of targeting the most valuable businesses, they target the most vulnerable. This is why a cyber insurance policy is critical to help ensure that your business is protected, no matter the size, in the event of a cyber-attack.

What’s the risk to the reputation of my business in the event of a cyber-attack?

Damage to your business’s reputation is often underestimated. For example, if a taxi business suffered a cyber-attack, they could lose access to their bookings. This would prevent them from knowing what bookings to fulfil for which customers and how to contact them. The risk to smaller businesses, who are less able to cope with a loss of clients, can be even greater.

The solution is to proactively manage your cyber risk. Businesses with IT providers may receive support from them but it’s important to have the right experts on hand if a cyber-attack occurs. Executing a proactive communications response with effective crisis response management is critical to reassuring clients and minimising long-term reputational damage. This is where a cyber insurance policy can prove invaluable. The right policy will include provision for the engagement of communications and PR specialists who can step in to help a business quickly manage correspondence to customers following an attack.

The bigger picture

Stay informed about insurance news and its impact on you and your business

Let's put you in touch with a specialist

clear group clear group