CFC has added startup technology insurance to its Connect platform, enabling UK brokers to quote and bind cover for early-stage and pre-revenue technology businesses digitally.

The offering is aimed at a segment that can present underwriting challenges due to limited trading history and evolving risk profiles. Through Connect, CFC says brokers can obtain quotations and place cover within minutes.

The product provides cover for risks including products and services liability, breach of contract, cyber incidents and intellectual property exposures. Additional features include protection for research and development property and expenses, alongside cover for supplementary operating costs following a loss of funding linked to a cyber event.

“We have been relentlessly focused on finding a simple solution to enable brokers to better support this critical segment of the UK economy,” said Kenneth Carmichael, UK and Canada Technology practice leader at CFC. “Comprehensive quotes can now be obtained within minutes at highly competitive prices.

“I firmly believe that small businesses building the technology of tomorrow deserve specialist advice, proper protection, and products designed for the complexity of what they do. Insurance done well should enable their growth and, with it, the growth of our country’s technology economy.”

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