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MarkelTech

Specifically designed for companies that innovate, supply or support technology products or services

Our technology insurance product is the result of thorough research and collaboration with both brokers and technology businesses.


Through this process, we've developed a comprehensive solution that offers tailored coverage and unparalleled support for businesses at all stages of their lifecycle.


Our seamless integration of handpicked insurance, tax and legal services aim to empower your clients in areas crucial for success: cyber protection, innovation, growth, business management and bridging industry knowledge gaps.

Why MarkelTech?

  • 24/7 Cyber response service
  • International cover available^
  • Supported by technology industry specialists
  • 5 Star rated service**
  • 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.

MarkelTech offers a wide variety of coverages for tech organisations.

Who can MarkelTech cover?

MarkelTech has been specifically designed for companies that innovate, design, develop, manufacture, supply, or support technology products or services. Our risk appetite for the technology sector is broad and all risks are underwritten by our team of expert underwriters. Download our Appetite and Cover guide for more information on what we can cover in each industry.

  • Software development & distribution
  • Information Communication Technology Services
  • Internet, hosting and communication Services
  • Communication Equipment manufacturing
  • Measurement, analytical and process  control equipment

What does MarkelTech cover?

Built for the bespoke needs of the technology sector, MarkelTech provides an all-encompassing product with access to a 24/7 cyber response service.

Cyber and data risks

  • 1st and 3rd party cover
  • Business Interruption extension
  • Cyber Crime extension
  • 24/7 cyber response service with emergency costs cover
  • Data Extortion payable to full 1st party limit
  • No geographical limit

Legal liabilities

  • Professional liability
  • Public liability
  • Products liability Employers’ liability

Management risks

  • Directors’ and officers’ liability
  • Employment law protection/entity defence

Protection of assets

  • Property damage
  • Business interruption
  • Damage to portable property
  • Money/personal assault
  • Transit
  • Fidelity

Extension to property/ business interruption cover

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

International cover available:

  • UK – Professional Indemnity, Cyber, Product Liabilities, Business Interruption, Property and Employers Liability
  • Europe - Professional Indemnity, Cyber, Product Liabilities, Business Interruption and Property
  • Worldwide – Professional Indemnity, Cyber and Product Liabilities

Please always refer to your policy documents for full details of services, exclusions, terms and limits of your customised cover.
International cover subject to the following conditions: Sanctioned territories are excluded in all policies. Non-admitted coverage provided. Please note there is a £10,000 minimum premium requirement for international exposure cover, in some cases there will also be minimum revenue. Cover availability will vary depending on the country.

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

Cyber incident response services (24hr)

Our specialist team can support and mitigate the impact of cyber breeches with a cyber incident response plan.

Cyber-crime: Crisis and PR Management

Cyber-crime can be catastrophic to a technology business and its reputation, access a dedicated team in the event of cyber-crime.

Business Hub

Access 850+ documents, contracts, templates and videos to support you.

Business Hub

Cyber training

eRisk hub ensures policyholders teams have the right knowledge, skills and practises to reduce the risk of cyber-crime.

Funding strategy support

Our specialist team identify funding schemes, securing over £15 million in grant funding for 500+ companies across the UK.

R&D tax relief consultancy

Our specialist in-house R&D division can help assess past, present and future R&D opportunities.

R&D tax relief consultancy

*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

**Insurance Times Commercial Lines Five-Star Rating Report 2023/24