Technology

Technology companies are often caught between being on the forefront of automated solutions and balancing political, economic, social, technological, legal, and environmental factors that present unprecedented disruptions, such as COVID-19, to organizations.

No matter how large or small, technology companies are at especially high risk with threats such as:

  • Cybercrime
  • Contractual liabilities with third-party vendors
  • Automation vulnerabilities with software
  • The ever-changing insurance market cycles

Holmes Murphy understands these unique risks and is proud to partner with more than 180 technology companies to tailor coverage and provide essential protections from these costly exposures. We help businesses who:

  • Consult
  • Outsource IT
  • Provide data storage and penetration testing
  • Produce app-based products, technology with sensors or wearable devices
  • Manufacture chips, semi-conductors, or robotics
  • Work in highly automated manufacturing or electronic component parts

Whether your company is in Technology Services, or Technology Products, – if it has a “brain” that’s connected to a network – Holmes Murphy can help.

We’re Tech Focused

Holmes Murphy is proud to employ coverage experts with more than 10 years of dedicated technology experience and partner with the Worldwide Broker Network (WBN) and insurance carriers focused on the technology industry.

Our dedicated technology risk team stays informed on all emerging risks and participates in several global technology conferences each year to demonstrate our thought leadership, share best practices, and make important connections.

We’re Experienced

We have the ability to grow with our customers as they grow and explore different strategies. As a full-service broker with expertise in property casualty, employee benefits, captives, and across industries, we have a wide marketplace available and help companies secure the best coverage for the lowest cost.

Our Advisen Cyber Benchmarking tool provides our technology customers with claims projections based on actual cyber claims. Our team collaborates with our clients to make sure they have the right information and insights to make the best decisions.

We’re also happy to have a Claims Attorney and dedicated practice team to help advocate and achieve maximum benefits for our clients.

Holmes Murphy is proud to be a part of TechAssure and the Minnesota Technology Association — organizations dedicated to advancing knowledge and capabilities to its tech-innovation members. We look forward to passing on these significant resources to our clients to aid in their risk management program.

A woman holding a tablet in a warehouse

One Customized Risk Management Approach

Our dedicated Holmes Murphy Technology team works to be an extension of your risk management team to keep losses low, foster working relationships between the business and claims adjusters, and better manage insurance to reduce costs.

Using our proprietary and unique Understanding ART approach, we ask questions that allow us to dig deep into your business and culture to create a custom risk management plan that works for you.

Understanding ART extends beyond coverage gaps and price to Avoid, Reduce, and Transfer our clients’ losses by focusing on your business, your risk management, and your potential. The result is a comprehensive risk management program aimed at helping your business run better instead of simply procuring standard property casualty insurance.

We specialize in these potential risk factors to help your technology business:

  • Third-party contract and policy guidance
  • Cybersecurity
  • Data software evaluation and vulnerabilities
  • Analysis of uncontrolled environments, such as remote work from home access

Let’s Get to Work

Your potential and satisfaction are important to us. Along with the delivery of a customized Impact Plan unique to your business, we discuss the best form and frequency of communication regarding areas that need extra focus so your technology business can keep running smoothly.

To learn more about how we can help your business operate at its highest level, contact us for a personal consultation.

Not quite ready to make the jump? Learn more about property casualty insurance and Holmes Murphy on our What’s Up Holmes blog!