While the technology, media and telecommunications sector faces challenges around constant consolidation, cyber security, intellectual property protection and regulatory changes, it is thriving as it fuels a worldwide transformation in every kind of business.
Rapid advances in areas like cloud computing, speech recognition, virtual reality and contactless payments – and the proliferation of web-enabled devices throughout the home and workplace – are revolutionizing the way we live and creating huge opportunities for firms in this sector.
We have supported the technology, media and telecommunications sector for more than 30 years and we currently work with many of the leading companies both in Canada and around the world. As a result, we have an in-depth understanding of the sector and its inherent challenges.
We offer a range of relevant products for this sector, including Professional Liability, Cyber, General Liability and Property insurance. Our highly experienced underwriters have the expertise and flexibility to structure insurance to suit your particular needs. Our wordings have been honed over many years to offer some of the best coverages available today.
Our claims handlers come from both a legal and an insurance background and have extensive experience with technology- and media-related claims, so you will always deal with someone who understands your business and its challenges.
Finally, under our unique QBE Premiums4Good initiative, we offer the opportunity to put 25 per cent of your premium into investments with an additional social objective, such as reducing homelessness or helping the environment. We provide annual updates about the projects we have supported, which you are welcome to use in your own corporate social responsibility reporting.
We offer coverage for loss of or damage to fleet vehicles, as well as costs arising from third-party liability claims.
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Types of fraud are evolving as technology evolves. A relatively new method is ‘social engineering’, where a third party pretends to be a client or senior member of staff. Our Commercial Crime cover can include this coverage, as well as protection for theft of money, stock, securities or property by employees or third parties.
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Tech companies are particularly vulnerable to cyber breaches as their systems and network security are linked with other companies. Employees of tech companies also have access to the critical infrastructure of their key clients. For all technology, media and telecommunications firms, protection from the risks and liabilities arising from a cyber breach or data loss incident has never been more important. QBE’s approach provides you with a team of specialists who can help you to manage a breach, minimizing the harm to your business and your reputation.
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Directors’ and Officers’ Liability insurance protects senior employees against claims resulting from actual or alleged wrongdoing.
Read more about Directors’ and Officers’ Liability
Our comprehensive coverage protects organizations against claims brought by customers and other third parties for bodily injury or property damage. QBE has extensive experience in this area and we have earned a reputation for sticking with clients through good times and bad.
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We partner with brokers and MGAs to offer insurance solutions to groups or associations with a common insurance need, empowering you to generate valuable income and grow your business.
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We can create compliant multinational programs for a wide range of products – including Property, General Liability, Professional Liability, and Directors’ and Officers’ Liability – in more than 150 countries.
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Our Professional Liability insurance was crafted to insure the evolving risks faced by technology, media and telecommunications organizations, including for major issues such as breach of contract, liquidated damages, and design defects in hardware and software.
Read more about Professional Liability/Errors and Omissions