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MarkelTech

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.

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
Let's talk

Does your existing insurer provide market-leading solutions for UK SMEs?

POLICYHOLDERS

Speak to your broker or find one here.

BROKERS

Speak to your local Markel UK representative.

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.
Explore all 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.

Debt recovery service

Business and legal helpline

Markel’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 and legal helpline

Business Hub

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.

Business Hub

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.

Cyber helpline

Contract review service

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

Contract review service

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.

PR crisis management

*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.
Learn more

Case studies

  • Producing scientific instruments for UK laboratories

    MarkelTech provides sector-specific insurance for a business that manufacturers and supplies UK-certified scientific instruments. The company primarily manufactures a comprehensive range of UV-Visible Spectrophotometers and Atomic Absorption Spectrometers. The high-tech machine use UV light to measure molecular make-up of different components and is used in a range of scientific and medical industries.

    Our specialist biomedical and life sciences policy is the perfect fit for companies that invest huge amounts of time and money into research and development. R&D BI (business intelligence) is available with MarkelTech which indemnifies the policyholder against the loss of money should an R&D project fail – something we’ve seen is invaluable to many of our tech clients.

  • The creation of printed circuit boards

    The family-run business, covered by MarkelTech, assembles printed circuit boards to customer design. These printed circuit boards are used to mechanically support and electrically connect electronic components using conductive pathways, tracks or signal traces. A small, family-run business such as this needs to effectively manage their cashflow – something that outstanding invoices make really difficult. Poor cash flow or credit rating can lead to missed opportunities or investment. An additional benefit of MarkelTech is an inclusive debt recovery service available as standard.

  • Designing bespoke battery stacks

    Our MarkelTech solution provides specialist cover for a business that designs and manufactures bespoke battery stacks for off grid and resilient power applications. Tech business such as this one take great benefit from our legal services. Our research has shown that tech businesses will have at least 8-10 events a year that require legal advice, and yet only 1 in 10 will contact a solicitor. Expert legal support is available 24/7 via our Legal Advice Line.

Insights and resources

  • Find out more

    Access proposal forms to request a quote or view technical documents related to our products or services.

    Get started

  • Services

    From our 24/7 business and legal helpline, to our R&D tax relief consultancy, our customers have access to our legal and tax services, providing a complete solution for their wider business needs and goals.

    Learn more

  • Our claims service

    We aim to settle claims as efficiently as possible so our policyholders can get on with their lives.

    Learn more

  • Markel UK brochure

    View our brochure to find out more about our services.

    Download brochure

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