Overview of the Program From RPS Technology & Cyber
Technology businesses face specialized and rapidly evolving exposures—many are not addressed by standard commercial policies. Our Software Insurance program is designed specifically for IT professionals, software developers, computer consultants, IT staffing firms, and other tech-focused operations. We combine targeted appetite, carrier relationships, and technical underwriting to make placement efficient and predictable through our wholesale brokerage platform.
Ideal Accounts and Appetite
We commonly place accounts for:
- Custom software developers and development shops
- IT consultants, project managers, and systems integrators
- Managed service providers (MSPs) and network engineers
- IT staffing firms, contract recruiters, and staffing platforms
- SaaS companies and cloud-based application providers
Typical fits are small to mid-sized firms with clear scopes of work, basic security controls, and limited prior loss activity. Larger or more complex accounts may be considered on a case-by-case basis—especially when strong controls and incident response plans are in place.
- Example: A SaaS startup seeking Tech E&O and cyber liability after launching a payment integration module.
- Example: An MSP looking for combined Tech E&O and network security/privacy liability to cover managed services and third-party vendor integrations.
Coverage Highlights and Advantages
RPS’s Software Insurance program offers tailored professional liability and cyber liability solutions that align with the specific exposures of technology firms. Coverage options include:
- Technology Errors & Omissions (Tech E&O)
- Network Security & Privacy Liability
- Media Liability
- Regulatory defense and fines (where insurable)
- Business interruption and extra expense resulting from cyber events
Our carrier partners understand software and IT operations, which allows for underwriting flexibility on limits, retentions, and endorsement language when justified by the risk profile.
Underwriting Notes and Minimum Premiums
Minimum premiums vary by carrier and state. To speed placement and improve terms, submit a complete application with:
- Description of services, typical contracts or SOWs, and revenue by service line
- Details on security controls, encryption, backups, and incident response plans
- Loss history and any regulatory inquiries
Our underwriting team works with agents to evaluate submissions efficiently and to recommend appropriate coverage enhancements or risk improvements where needed.
Territories and Availability
This program is available in all 50 states and Washington, DC. We place both admitted and non-admitted solutions depending on the state, carrier appetite, and the insured’s needs.
Why Work With RPS Technology & Cyber?
You don’t need to be a technology expert to write Software Insurance—you need the right partner. RPS provides technical underwriting support, broad carrier access, and responsive service so you can confidently place tech-related risks. Our team helps you present submissions, highlight risk controls, and secure competitive terms that protect your clients and grow your book.
Whether the client is an early-stage SaaS company or an established IT staffing agency, RPS Technology & Cyber offers smart, scalable insurance solutions tailored to the tech sector.
Frequently Asked Questions
What types of accounts are a good fit for this program?
This program is ideal for software developers, IT consultants, managed service providers, IT staffing firms, and other technology-focused businesses.
Is this program available in all states?
Yes, the Software Insurance program is available in all 50 states and Washington, DC.
What coverages are included in the program?
Coverage options may include Tech E&O, cyber liability, media liability, regulatory defense, and business interruption from cyber events.
Do I need to be a tech expert to submit business?
No, our team provides the technical expertise so you can confidently place tech-related risks without being a specialist yourself.
What carriers are used for this program?
We work with various carriers, offering both admitted and non-admitted options depending on the state and risk profile.
Need help placing an account? Connect with a market specialist.