Software & Applications insurance
Software- SaaS
- Cloud computing
- PaaS
- Programming tools
- IaaS
- Commercial combined insurance
- Directors’ and officers’ insurance
- Cyber insurance
- Professional indemnity insurance
- Product liability insurance
- Management liability insurance
- Public liability insurance
- Intellectual property insurance View more
Pushing the limits of what’s possible is what software and app developers have been doing since day one. Hmm, I think we’re twinning here.
We insure the world’s innovators
Getting a quote from Superscript was super easy. Their portal is incredibly intuitive and the whole process was much smoother than having to deal with a plethora of calls and emails. Highly recommended.
Ravio
Welcome to a frictionless, digital-first insurance journey
Benefit from a custom-built digital journey that makes buying and managing your insurance frictionless, intuitive and transparent.
- Save time by collaborating with your your team and Superscript account manager using our digital application forms
- With our dedicated customer portal you'll find everything you need, accessed in one place. Take a look for yourself:
Specialist tech brokers
Dedicated customer portal and digital application forms
Expert tech-led broking team and 5* claims
Software and app insurance FAQs
My ‘traditional’ business now uses technology, software and apps to operate — do I need technology or cyber insurance?
‘Technology’ insurance is an all-encompassing term to cover all the insurance needs of your technology-providing company. This can range from professional indemnity and cyber cover to directors and officers packages.
We can offer tech insurance for any scale or type of technology firm.
How much of an impact to revenue would technology downtime cause to my business?
System downtime can affect a company in myriad ways, both in the short term and long term, and will often occur when it is least expected. There are obvious costs at the start to recover from the initial impact and figure out the solution.
However, a significant cost is the loss of revenue from the business interruption, when downtime stops employees from working and productivity is impacted.
We can offer a range of products which focus on the financial side whilst your company gets back up and running. We can also offer advice and expertise on what to do in this situation.
What information do I need to provide in order to get a quote?
This varies, but we like to cover all aspects in order to get the most competitive quote for your company. We will usually ask for:
- A digital proposal form covering basic info such as revenues and activities
- Your accounts for a financial perspective on your company
- A pitch deck, in order to get wider insight into your activities and ensure we aren’t missing anything
Can I extend my cover to the US?
Yes, we require a little more information to get your US subsidiary covered. This normally just extends to knowing the percentage of your revenue that comes from the USA.
What is the limit on my policy?
The limit you opt for is a business decision and can range from £250,000 to £10m, for example.
There are many factors in play when it comes to deciding the appropriate limit for your company. These vary from the size of contracts, revenue and regulatory requirements.
Do I need public liability cover for my software firm if all my employees work from home?
If you or your employees welcome individuals into your homes as part of your business activities, or you leave your homes to take care of business, we’d recommend this cover.
Individuals could include clients, suppliers, couriers, contractors — basically, any member of the public who isn’t an employee.
Is cyber insurance mandatory for technology companies?
Cyber insurance is not mandatory, but we highly recommend it. Your company is most likely processing or holding a lot of sensitive data, or relying on network or system uptime.
Cyber insurance protects this data and your business against the financial, legal and reputational impacts of a data breach, system downtime, cybercrime or ransomware attack.
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Authorised by the FCA
The FCA supervises UK financial services firms to protect consumers. We are directly authorised and regulated by the FCA and our Firm Reference Number is 656459. These details can be confirmed on the Financial Services Register at www.fca.org.uk or by calling the FCA on 0845 606 1234.
Protected by the FSCS
If you are a business with an annual turnover under £1m, charity with an annual income under £1m, or trust with net assets under £1m, then you will be entitled to compensation from the FSCS in the unlikely event we cannot meet our obligations. Full details and further information on the scheme are available at www.fscs.org.uk.
