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CYBER INSURANCE FOR SOFTWARE, SAAS & TECHNOLOGY COMPANIES
Protecting software businesses from cyber attacks, data breaches & operational disruption
As a software company, your exposure to cyber risk is significantly higher than traditional businesses. Cyber Insurance protects your infrastructure, customer data and business continuity.
Why Software Companies Need Cyber Insurance
Software businesses rely on cloud systems, APIs, automation, AI and large data sets. A single breach or outage can cause severe financial loss, client claims and reputational damage.
- High-value cyber targets
- Handles sensitive client and user data
- Reliance on secure APIs and cloud hosting
- Protects revenue during outages/downtime
- Mandatory for large enterprise contracts
- Covers human error, system failures & exploits
What Cyber Insurance Covers for Software Companies
Cyber Insurance protects your business against financial and operational cyber-related threats.
Core cyber cover
- Cyber attack response
- Data breach costs & fines (where insurable)
- System recovery & restoration
- Business interruption protection
- Ransomware & cyber extortion
- Legal & forensic support
Additional cover
- Cloud platform disruption
- Third-party contractual liability
- API failure & integration risks
- Cybercrime & social engineering
- Reputational harm
- GDPR-related investigations
Common Cyber Risk Scenarios for Software Companies
Examples of cyber incidents
- Ransomware attack locking systems
- Data breach of client information
- Compromised API affecting users
- Cloud outage impacting service uptime
- Malicious code injection
- Internal human error causing data exposure
Who needs this insurance?
- SaaS Companies
- Software Developers & Consultancies
- AI & Automation providers
- Cloud-based service providers
- App developers
- FinTech, HealthTech & EdTech
“The speed and expertise from Insure24 helped us secure Cyber & Tech PI cover before onboarding a major enterprise client.”
Director – Software Development CompanyFREQUENTLY ASKED QUESTIONS
+>-Do software companies need Cyber Insurance?
Yes — software companies are high-risk due to data access, integrations, and cloud-based infrastructure.
+>-Does Cyber Insurance cover data breaches?
Yes — including legal, forensic, notification, recovery and PR costs.
+>-Is Cyber Insurance required for enterprise contracts?
Many enterprise clients require Cyber Insurance before onboarding or signing SLAs.
+>-Does Cyber cover cloud failure?
Yes — many policies extend to third-party technology failure, outages and service interruption.