Tech Entrepreneurs

Insurance for Tech Entrepreneurs

Protect yourself from contract disputes, implementation failures, and client claims with comprehensive E&O coverage built for tech entrepreneurs.

Why Tech Entrepreneurs Need Insurance

In tech business, deal sizes are massive and expectations are sky-high. One overpromise, one missed detail, one client who doesn't get the results they expected—and you're facing a lawsuit that could wipe out years of revenue.

Reality Check

If you make $200K+ in revenue, you're worth suing. Clients know this. One bad deal can lead to a lawsuit seeking damages equal to your annual comp—or more.

Feature Overpromises

Sold capabilities that don't exist yet or aren't ready for production.

Integration Failures

Promised integrations that don't work or require extensive custom development.

Implementation Disasters

Project takes 3x longer than promised, costing clients time and money.

ROI Disappointments

Client doesn't achieve promised results or performance metrics.

Contract Errors

Wrong pricing, terms, or SLAs in agreement causing disputes.

Data Security Issues

Misrepresentation of security features or compliance capabilities.

Essential Coverage for Tech Entrepreneurs

These coverages protect you from the most common risks tech entrepreneurs face.

Errors & Omissions (E&O)

Professional liability for mistakes, missed deadlines, and service failures.

  • • Misrepresentation of product capabilities
  • • Contract errors and miscommunications
  • • Failed implementations blamed on you
  • • ROI disputes and performance claims
  • • Legal defense costs (even if claims are baseless)
Typical cost: $800-$2,500/year for $1M coverage

General Liability

Protection against bodily injury, property damage, and personal injury claims.

  • • Client injuries during demos or meetings
  • • Property damage at client sites or trade shows
  • • Advertising injury claims
Typical cost: $400-$800/year for $1M/$2M coverage

Cyber Liability

Essential for tech entrepreneurs handling client data and digital operations.

  • • Data breach response
  • • Client data protection
  • • Ransomware attacks
  • • Business interruption
  • • Regulatory fines

Directors & Officers (D&O)

For tech entrepreneurs with investors or board members.

  • • Investor disputes
  • • Board decisions
  • • Regulatory investigations
  • • Employment practices
  • • Securities claims

Real Claims Examples

These are actual claims that tech entrepreneurs face. Without proper insurance, these could be devastating.

The Integration That Wasn't

A SaaS entrepreneur promised seamless integration with the client's CRM. The integration required custom dev work costing $150,000 and 6 months. The client sued the entrepreneur for misrepresentation.

Result: E&O insurance covered the $200,000 settlement and legal defense costs.

The Overpromised ROI

An entrepreneur guaranteed a marketing automation platform would generate $500K in new revenue within 12 months. After a year, the client saw zero results and sued for the cost of the software, implementation, and lost opportunity.

Result: E&O insurance covered the client's lost revenue claim and $80,000 in legal fees.

The Wrong Contract Terms

An entrepreneur accidentally agreed to 99.99% uptime in a custom contract without engineering approval. When the platform had downtime, the client demanded $300K in SLA penalties.

Result: E&O insurance covered the SLA penalties and legal defense costs.

Coverage by Tech Role

Different tech roles face different risks. Here's what you need based on your position.

SDRs/BDRs

Risk Level Lower
E&O Coverage $500K-$1M
General Liability $1M/$2M
Annual Premium $500 - $1,500

Account Executives

Risk Level High
E&O Coverage $1M-$2M
General Liability $1M/$2M
Annual Premium $1,500 - $3,000

Enterprise AEs

Risk Level Very High
E&O Coverage $2M-$5M
General Liability $2M/$4M
Annual Premium $3,000 - $8,000

Independent Contractors

Risk Level Critical
E&O Coverage $1M-$2M
General Liability $1M/$2M
Annual Premium $1,000 - $3,000

Protect your tech business today

Get quotes from carriers that understand tech entrepreneurs. Fast, competitive rates.