Integrated insurance and business support for technology, biomedical and life sciences companies.

MarkelTech has been specifically designed for companies that innovate, design, develop, manufacture, supply, or support technology products or services. This specialist insurance package is for SME companies in the technology, IT and communications, and biomedical and life sciences space, at all stages of their lifecycle.

What’s more, it comes with unrivalled support services, such as tax and legal support, to ensure businesses get the most robust solutions, every time.

Why MarkelTech?

  • 5 star rating for Claims & Quality of Cover**
  • ‘A’ rated insurance company
  • Reputation for technical excellence, product innovation and service delivery
  • Multi-award winning claims team
Tech eBook

Our ebook explores the unique risks tech organisations face and how our products and services can help you mitigate them.

insurance programs MarkelTech brochure

View our brochure to find out more about Markel Tech.

Innovative companies need an innovative insurance solution to match.

Markel UK offers a wide variety of coverages for tech organisations.

At Markel UK, we define tech businesses as manufacturers, wholesalers, distributors, designers, service, research and development, and maintenance in the following areas:

  • Medical devices
  • Cosmetics/cosmetic devices
  • Media communications
  • Computers and peripheries
  • Software and applications
  • Wearable technology
  • Analytical and control
  • Components
  • Telecommunications
  • Medicines
  • Lifestyle technology
  • Outsourcing partners (CROs/CMOs)
  • Food supplements

What does MarkelTech cover?

MarkelTech has been specifically designed for companies that innovate, design, develop, manufacture, supply, or support technology products or services. This specialist insurance package is for start-up, emerging and established SME companies. The cover provided is dependent on the specific needs and sector of the organisation, but covers provided fall into the three categories below:

Legal liabilities

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

Protection of assets

  • Property damage
  • Business interruption
  • Damage to portable property
  • 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

Additional services*

Clients also have access to additional services to help policyholders navigate everyday challenges. Depending on your coverage, you can opt in or add services you need for an additional cost.
medical services
Debt recovery service

Get access to legal advice and assistance to recover outstanding debt and combat professional negligence counter claims. Legal representation is also provided if the case goes to court.

casualty
Business and legal helpline

Markel UK’s in-house team of lawyers offers advice on everyday legal and employment matters such as GDPR and disclosure, contractual queries and employment disciplinary.

Business Hub

Previously Law Hub, is an online hub containing 850+ DIY contracts, policies, forms, and letter templates, covering every area of business, including health and safety, trading and contracts, and cyber and data.

cyber
Cyber helpline

Access practical, jargon-free advice from cyber experts advising on issues such as understanding software security and vulnerabilities, as well as building disaster recovery plans.

document
Contract review service

Our complimentary legal review and advice on their terms of business and third-party contracts can help protect businesses.

management liability
PR crisis management

Expert guidance and advice on dealing with the media where a claim has the potential to result in adverse press attention. We’ll evaluate the situation and provide the necessary guidance and personal support.

*Please refer to your policy for exact services included. Learn more.

Featured service

Grants and funding service

Help to maximise tax relief and funding opportunities, MarkelTech policyholders obtain a complimentary assessment for grants and funding by our in-house tax experts to identify opportunities to claim additional funding and reliefs such as R&D.

Case studies

Insights and resources

**Insurance Times Commercial Lines Five-Star Rating Report 2021/22