Calgary Technology Insurance

From startups to scale-ups: Calgary technology business insurance coverage options

Technology businesses in Calgary face unique risks – from data breaches and intellectual property issues to hardware breakdowns and service outages. Technology insurance should be tailored to protect your company’s assets, reputation, and future.

Common Calgary technology insurance coverage options include:

• Property Insurance – Covers your office space (even in a home based setting), servers, computers, inventory and other essential technology assets against damage or loss from events such as fire, theft, or vandalism.
• Commercial General Liability (CGL) – CGL is mobile coverage that goes wherever your business operates, not just your office. If someone is injured or their property is damaged while you are meeting clients at your office, their office, a Starbucks, a conference, or any third-party location, this coverage helps pay for related medical expenses, legal defense, and settlements. Even if you don’t host clients in your office, CGL remains essential protection for Calgary technology companies.
• Technology Errors & Omissions (E&O) Insurance – Essential for tech service providers, consultants, and software developers. If your product, software, or service causes financial loss to a client, this coverage can help pay for legal expenses and settlements.
• Cyber Liability Insurance – Technology companies are prime targets for cyberattacks and data breaches. Cyber liability coverage helps manage costs and income loss associated with data recovery, breach notifications, lawsuits, and reputational damage.
• Intellectual Property (IP) Insurance – Protects against legal costs if your company is accused of infringing on someone else’s intellectual property or if you need to enforce your own IP rights.
• Business Interruption Insurance – If your Calgary tech business is forced to temporarily shut down due to an insured loss (like fire or flood), this coverage helps pay ongoing expenses and can cover relocation costs.
• Equipment Breakdown Insurance – Covers sudden and accidental breakdown of essential equipment, including servers, production machinery, or specialized tech tools not typically covered by standard property insurance.
• Crime Coverage – Protects against losses caused by criminal activity such as employee theft, fraud, or forgery, which can be particularly damaging in tech operations handling valuable digital assets.
• Commercial Auto Insurance – If your business owns or uses vehicles for operations (such as service calls or equipment transport), commercial auto insurance covers liability and physical damage, beyond what personal auto policies provide.
• Employee Benefits Programs – We partner with Canada’s top benefit providers to offer group health, dental, life, disability, and critical illness insurance, helping you attract and retain top tech talent.
• Directors & Officers (D&O) Insurance – Protects the personal assets of your company’s directors and officers if they are sued for decisions made in their role with the business. This includes claims of mismanagement, breach of fiduciary duty, or regulatory non-compliance. For Calgary technology companies seeking outside investment or board members, D&O coverage is often a key requirement.
• Employment Practices Liability (EPL) Insurance – Covers your company against claims made by employees alleging wrongful acts such as discrimination, harassment, wrongful termination, or retaliation. In the fast-paced tech industry where hiring and workplace culture are critical, EPL insurance helps protect against costly legal disputes and settlement expenses.

Our Calgary technology insurance brokers will work with you to design a custom insurance program built to support your business’s growth while protecting your key assets and reputation.