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Navacord

Helping your tech business navigate an uncertain future

Your technology business is always evolving, and so are the risks you face. Whether you develop hardware or software, build technology products, work with artificial intelligence (AI) or provide tech services, you need comprehensive coverage to protect your business in a rapidly changing industry.

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POWERING YOUR GROWTH

Modern coverage for innovative companies

At Navacord, we deliver customized insurance programs to technology businesses from coast to coast. Backed by in-house expertise, our specialized team has a deep understanding of emerging risks and tech industry trends. From data breaches and hardware failures to intellectual property and technology errors, we help innovative businesses manage risk, so you can continue to grow with confidence. 

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FUTURE-READY INSURANCE SOLUTIONS

Ensure your business stays one step ahead

Startups and tech companies across Canada trust Navacord to deliver reliable technology insurance solutions. With over 60 years of experience, our knowledgeable experts can help you manage risk and build an insurance program tailored to your business and the evolving needs of your industry.  

In the event of a claim, we’ll equip your business to react and adapt quickly. Our in-house claims team will help you navigate complex claims and advocate on your behalf to remove barriers on the path to a resolution. 

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Who we help

We build insurance plans for technology companies of all sizes, helping a variety of IT and tech professionals find the ideal policy for their unique risks. Some of the technology professionals we help include: 

Our diverse technology insurance experience

Our broad expertise includes providing insurance solutions across a range of technology sectors, including:

  • Artificial intelligence (AI) and machine learning

    We can help protect your AI-related business against errors, data incidents, intellectual property claims, and liability risks.

  • Clean technology (Cleantech)

    Our solutions can protect companies in the clean technology space against equipment damage, product liability claims, and business disruptions.

  • Education technology

    We understand the data and privacy considerations for education technology and provide coverage to help manage the related risks.

  • Financial technology (Fintech)

    We can help protect your fintech business against technology failures, cyber incidents, and professional liability claims.

  • Medical technology & eHealth

    For innovative tech companies in the medical field, we can provide coverage to protect your products, data, and operations.

  • Product liability and recalls

    Defective products can lead to financial losses, reputational damage, regulatory scrutiny, and legal claims.

  • Robotics

    If your business develops robotic systems, we can deliver coverage to address equipment and product liabilities, technology errors, and more

  • Additional tech sectors

    We’ve worked with other tech sectors as well including aerospace, blockchain, internet, networking and communications services, military and defence projects, nanotechnology, space technology, and wearable technology.

  • Combustible dust

    Many manufacturing operations involving wood, food products, agricultural materials, metals, and plastics face combustible dust exposures that can significantly impact safety and insurability.

DESIGNED FOR THE TECH INDUSTRY

Critical technology insurance coverages

Our technology experts consider the unique and emerging issues relating to AI, regulation and legislation, e-commerce and privacy laws. With access to over 100 different insurance companies, we’ll find the best coverage for your tech company’s needs.

  • Property and equipment coverage

    This helps to cover the costs associated with repairing or replacing physical business assets, including buildings, office contents, equipment or inventory if it becomes damaged or destroyed by an insured loss.

  • Commercial general liability (CGL)

    Commercial general liability (CGL)

    Protect your business against third-party claims and associated legal costs for bodily injury or property damage caused by negligent acts in your business operations.

  • Products liability

    While this coverage may be included within general liability policy, it extends your coverage to include liability claims arising from your technology products.

  • Technology professional liability (errors & omissions)

    Technology professional liability (errors & omissions)

    This can help cover legal expenses if a third party claims that an error or negligence in your professional advice, services or product caused financial losses.

  • Cyber liability and privacy breaches

    Cyber liability and privacy breaches

    This helps businesses respond to cyberattacks, cyber extortion, and data breaches by covering costs such as investigations, business interruption, client notification, regulatory fines, and restoration.

  • Media liability

    This coverage helps provide protection against claims involving libel, slander including defamation, disparagement, and invasion of privacy.

  • Intellectual property rights liability (IPL)

    If your business needs to defend its ownership of patents, trademarks, or copyrights, this can help cover litigation costs. It can also protect your business against accusations of intellectual property infringement.

  • Crime and fidelity

    Crime and fidelity

    This coverage is for crimes related to money and securities, protecting technology companies from claims involving forgery, fraud, embezzlement, theft and more.

  • Directors and officers liability (D&O)

    Directors and officers liability (D&O)

    Protect your directors and officers from the financial impacts of lawsuits that allege wrongful acts, errors, or breaches of their duties.

Explore broader business protection

If your needs extend beyond technology insurance, Navacord offers a full range of business insurance solutions designed to support your operations, risk exposures and long-term goals.

    Learn from our technology insurance experts 

    Aliya DayaClient Executive 

    “A technology company’s risk doesn’t begin and end with a cyberattack. A service error, system interruption or intellectual property dispute can be just as disruptive. Our role is to look at how those exposures connect and help build an insurance program that responds when the business needs it most.” 

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    FAQs for technology businesses

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    Technology insurance quote

    Get covered for whatever comes next