Tech & Media.
Insurance tailored to Technology and Media companies is coverage that protects companies that are on the cutting edge of technology and fuelling the growth of the Canadian technology sector.
What is Tech and Media Insurance?
You're a tech company paving the way to the future. You know that things are changing rapidly, and that's why you're always on the cutting edge. You need an insurance provider that understands you and your needs.
When you're constantly innovating and changing the way you do business, and you need an insurance company that can keep up with you. That's why you need to align with a provider that specializes in insuring tech companies. We understand your industry and your risks, and we can provide you with the coverage you need to protect your business.
Why choose Summit?
We help Canadian Business Owners craft the perfect insurance policy for their business.
Our team takes pride in our relentless responsiveness. When you need us, we're here.
We compare rates across leading insurance companies to ensure you get the best price on your premium.
We craft the perfect insurance policy for your business so you can rest easy knowing you're covered.
Your dedicated account manager is there for you as your business grows ensuring your insurance policy grows with you
The right insurance plan for every business.
Here are a few of the types of businesses we serve.
Don't see yours? We serve all kinds of Canadian businesses. Chat with us.
Tech & Media Insurance FAQs
Business Insurance can be complicated. We're here to help.
When you own a technology or media company, you could be held liable for almost any negative impact your services have on a business. Technology and Media Insurance protects technology and media companies from many risks that they face, including but not limited to cybersecurity risks, damage caused by their product/software to third parties, errors or omissions in service.
Starting or running a technology or media business comes with risk. You are on the leading edge of industries, challenging status quo's and breaking down barriers. Though Tech & Media companies are innovative that inherently comes with more risk. Some types of technology and media companies we insure are:
Technology startups
IT consultants
Marketing agencies
SaaS providers
Developers
We believe a comprehensive policy for your business should cover the risks you are most likely to face. That's why we build unique custom tailored insurance packages as unique as the business; however, the following core coverages apply to most business owners:
Errors and Omissions Insurance (E&O): As a technology professional, Errors and Omissions Insurance is essential to your business’s survival. Also known as Professional Liability Insurance, E&O can protect startups against claims alleging financial loss due to a service you provided, as well as lawsuits alleging negligence, misconduct, and failure to deliver services as promised.
Cyber Liability Insurance: Your business is based around your technological offerings, so Cyber Liability is important coverage to have. Cyber Liability Insurance covers costs associated with cybercrime involving your technology systems and customer data, such as loss of income, notification costs, or data infrastructure repair.
Commercial General Liability Insurance (CGL): Also known as “slip-and-fall-insurance,” Commercial General Liability Insurance can protect technology startups against common claims or lawsuits alleging third-party bodily injury, property damage, false advertising, and libel/slander. Should you be sued, CGL may cover legal defence costs, regardless of the lawsuit’s outcome.
Commercial Property Insurance: Commercial Property Insurance provides financial coverage for physical loss or damage to your property and its physical contents due to an external disaster, such as a fire, theft, or vandalism. This may include coverage for electronics, equipment, and inventory that you need for your business.
Legal Expense Insurance: Legal Expense Insurance provides access to general legal advice with an experienced lawyer, as well as coverage for legal expenses incurred throughout the legal process. This type of insurance policy may cover legal costs associated with defending your legal rights relating to employment disputes, debt recovery, contract disputes, or tax protection.
Tech & Media insurance should never be sold solely on price. You are protecting your most important asset. Our mission is to find you the perfect coverage but also find the best priced policy with that coverage.
The exact cost for your insurance policy varies according to factors such as:
Annual revenue
Types of products created or services offered
Value of assets and liabilities
Industry experience
Holding client/customer data
Office location(s)