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.
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.
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.
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
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Find out more
Access proposal forms to request a quote or view technical documents related to our products or services.
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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.
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Our claims service
We aim to settle claims as efficiently as possible so our policyholders can get on with their lives.
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Let's talk
Does your existing insurer provide market-leading solutions for UK SMEs?
**Insurance Times Commercial Lines Five-Star Rating Report 2021/22