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Markel Insurances

Technology products

Markel’s technology products insurance has been specially designed to cover the risks faced by those businesses involved in the technology hardware industry.  

We’ve been insuring companies within the technology sector since 1992, meaning we have the experience to either keep it simple, or to look at more complex risks which are in need of more bespoke requirements.

With this in-depth sector knowledge, we have created an insurance solution that’s tailored to the needs of technology product companies. Our product includes cover for legal liabilities, management risks, protection of assets, as well as cyber and data risks.

More than just bespoke insurance cover

As well as a market-leading, technology-focused insurance solution, MarkelTech policyholders also receive complimentary access to a suite of value-added services. These services include tax and legal advice from our in-house experts and, at no extra charge, we also provide a contract review service to help prevent avoidable legal disputes.

What’s more, where a client delays or refuses payment, our award-winning debt recovery service is just a phone call away.

Scope of cover

Cover for the technology sector includes:

Legal liabilities

  • Public liability
  • Products liability (bodily injury and property damage)
  • Professional liability - financial loss
  • Employers’ liability
  • Cyber and data risks
  • Management risks (entity defence, directors’ and officers’ liability)
  • Employment law protection

Protection of assets

  • Property damage
  • Business interruption
  • Specified all risks
  • Money/personal assault
  • Transit
  • Cyber and data risks
  • Fidelity

Extension to Property/ Business interruption cover

  • Deviations in controlled environments
  • Contamination
  • Machinery breakdown
  • Public utilities
  • Denial of access
  • Restrictions on premises
  • Customers/suppliers
Target risks

Our risk appetite for the technology products sector is broad and all risks are underwritten by our team of expert underwriters, some of whom have over 25 years of experience insuring technology sector risks.

Manufacturers or wholesalers of:

  • Communication equipment
  • Computers and peripheral equipment
  • Consumer electronics
  • Electric lighting equipment
  • Electric motors, generators and transformers
  • Electricity distribution and control apparatus
  • Electronic components
  • Industrial process control equipment
  • Instruments and appliances for measuring, testing and navigation
  • Loaded electronic boards
  • Magnetic and optical media
  • Optical instruments and photographic equipment
  • Photographic and cinematographic equipment
  • Telephone apparatus and equipment
  • Wearable technology
  • Wiring and wiring devices

Why chose Markel’s insurance for manufacturers and distributors of technology products?

  • Strong financials
Markel is an A-rated insurer and one of the largest insurers in the world
  • Tax and legal advice
With over 100 in-house tax and legal experts, policyholders professional support is just a phone call away
  • Bespoke insurance cover
Our technology experts have created insurance cover that's specially tailored to the needs of the technology products sector
  • Contract review service
An assesment of any commercial contract, including suggestions around additions , deletions or ammendments
  • Efficient claims handling
With a personal and efficient claims service, we always look to pay eligible claims as fast as possible 
  • Grants and funding service
Help to maximise tax relief and funding opportunities 

Rated five stars across the board

Markel UK is rated as a 5 star Commercial Lines Insurer in the Insurance Times five-star rating report 2020/21. Markel has received the maximum five-star rating in all service factors.

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