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ProBizz Tech Insurance provides practical risk management support as well as a full range of property, earnings and liability insurances that will protect you, your people, your investors and your customers from high impact financial loss and litigation costs

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Our specialist Risk Management support includes development of Risk Registers, Incident Reporting Systems and Business Continuity Plans for tech businesses

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Our specialist insurance areas include coverage for:

  • professional indemnity

  • cyber security risks

  • intellectual property rights

  • management liability

  • property and casualty

  • employee health and wellbeing

we protect and insure all sorts of tech activities

App Dev
APPLICATION DEVELOPERS / PROGRAMMERS
 

AI, Android/IOS, ASP, Blockchain, Custom, Database, Mobile, Platforms, Portals and similar

Data Managers
DATA MANAGERS

 

Database Admin, Designers, Analytics, Modelling, Processing, Security and similar

Cloud Services
CLOUD SERVICES


ASP, Business SaaS, Network Comms, Online Services, Utility Computing, Web Hosting and similar

Interaction Designers
INTERACTION DESIGNERS

 

Graphic, Visual, Web, UX, Research, Video, Website Developers and similar

IT Consultants
IT CONSULTANTS & CONTRACTORS

 

General Consultancy, Integrations, Project Management, System Analysis, System Design, SEO, Contract Staffing and similar

Hardware Suppliers
HARDWARE / SOFTWARE SUPPLIERS
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Engineering, Installation, Facilities Management, Maintenance and Repair, Networks, Testing, Virtualisation and similar

This 6 minute videoscribe explains 20 threats that have the potential to cause the most severe financial impacts on a tech business​

They include:

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  • Breach of contract terms and conditions

  • Cyber attack

  • Customers' loss of revenue

  • Data security breach

  • Intellectual property infringement

  • Business dispute litigation costs 

  • Mismanagement allegation

  • Regulatory fines and penalties

  • Reputation damage

Navigating the Tech Business Insurance Landscape

Read more We highlight 20 severe threats impact tech companies, the 4 main reasons why Insurers dispute claims, the importance of reading the exclusion clauses in every policy (to find out what is not covered) and we forecast increased competition, litigation, regulation and cyber attacks for the future.

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in a tricky tech risk landscape  

keeping you up-to-date to guide your risk management and insurance decisions

Tech Insurance - At a Glance

Channel info

Covering the legal liabilities and intellectual property rights of the tech sector requires a sharp focus. This series highlights increasing uncertainties about risk protection available and offers support in the form of a double-check or 2nd opinion.

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Tech Insurance - At a Glance

Hands Up! If you read your insurance policies

Read more An explanation of "why" every policy-holder should read their policy wordings very carefully and an introduction to the anatomy of a multi-line tech insurance policy. Highlighting how insurers apply their own definitions, terms, conditions and endorsements which all need to be interpreted really carefully to fully understand the scope of cover provided to you.

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Avoiding an insurance squeeze

Read more be prepared for a hardening insurance market in 2021 by obtaining quotes from alternative insurers

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Where are tech liability laws heading?

Read more New liability laws for artificial intelligence, robotics, IoT and cyber security incidents are being prepared at national and european union level. We have summarised 10 key measures under active consideration. Most of which we expect will be adopted in the near future. They include reversal of the burden of proof, strict liability, data being categorised as a product for legal purposes and the need to add logging capability to potentially harmful tech dev.

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Managing Tech Litigation Risk

Read more The high cost of legal fees, charged by lawyers and barristers, attract most attention but the cost of management time, on the case, as well as loss from damaged relationship are equally important. We argue that It is essential to manage the financial impact of litigation risk and talk about how liability insurances provide a backstop when practical measures fail. Our videoscribe considers practical measures to minimise the risk of legal disputes. We also highlight financial measures, such as insurance, to manage legal or regulatory claims.

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Cyber Risks Insurance Explained

Read more Cyber criminals work everyday to cause financial damage, access sensitive data and steal intellectual property. Nearly 1 million cyber incidents logged by the UK's National Cyber Security Centre in 2019. We list the 3 common clauses of cyber loss and the two areas of cost for incident recovery and lost business income. The average cost of an insurance claim is £12,000, mostly because of ransomware attacks but the largest single lost now exceeds £500,000. The average cost of lost income is £40,000 but the largest is reported in excess of £8,000,000. In this video we itemise elements of insurance policies available for both first party and third party financial loss. Our most important message is that the cyber insurance landscape is constantly evolving so it really important to regularly double-check your coverage

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you can also view all these videoscribes on our YouTube channel: 

and helping you to get a firm grip on your risks

Developing a Risk Register is a challenging but an essential foundation stone for risk analysis, identification, treatment and monitoring.

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Using a spreadsheet structure that is simple to platform, update and track, their content will ensure that the most severe risk outcomes are identified and treatment plans put place to minimise their impact.

We have created this 5 minute videoscribe to illustrate the structure, explain the process and summarise the benefits of creating your custom made Risk Register. They are a really understandable and straightforward way of making sure that your business is as resilient and sustainable as possible

Risk Services

Channel info

We have seen that many smaller tech companies are poorly risk managed because they cannot afford their own professional risk management capability inhouse. As a tech sector specialist broker and a member of the global Willis Towers Watson Network we are able to provide specialist risk services on a contract basis

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Risk Services

Get a Grip on your Risks

Read more This 5 minute videoscribe illustrates and explains how you can develop a Risk Register through a systematic process of: scanning visualisation quantification  mitigation By examining vulnerabilities, anticipating the loss potential, reviewing the protection measures in place​.  They are the most straightforward way of making sure that your business is as resilient and sustainable as possible.

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we know our "no stone unturned" insurance approach is really valuable!
but don't just take our word for it

This is what the group finance director of blueoptima, a multinational tech company, said about their double-check experience with us:

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"Being a fast growing technology company it is essential for us to adapt our coverage as the business grows.

Nick is an expert in his field and helped us perform an integral review of our insurance that resulted in greater coverage for our business.

He proactively reviewed every little detail, patiently answered all our questions and helped us negotiate conditions with several insurance providers.

We could not have done that kind of review internally and would highly recommend his services."

you can check us out for yourself with other clients

Whilst we work under strict confidentiality conditions with clients; we are always able to provide senior contact details for you to independently approach for their views on what we do and how we perform
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