Markel has launched an enhanced insurance proposition designed to meet the evolving needs of the UK's tech sector.

MarkelTech is aimed at start-ups, SMEs, mid-market and high-growth companies engaged in the innovation, design and support of technology products and services.

The new product offers a suite of coverages, including professional indemnity, cyber, property, business interruption and liability covers.

“With the UK’s tech sector continuing to attract significant investment and Tech Nation finding that 84% of UK startup and scaleup founders are positive about the future of UK tech, there is a significant opportunity for brokers,” said Jo Sykes, divisional director, broker UK at Markel. “MarkelTech has helped been shaped by in-depth discussions with both brokers and tech companies and is therefore designed to both protect against insurable risks and support the growth ambitions of tech companies in this dynamic landscape.”

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