Marshal Insurance, the corporate insurance brand operating since 1985, is now offering technology companies a way to apply for three of their main business insurance covers at once. One application goes in. One quote comes back, covering professional indemnity, cyber insurance and general liability.

What a technology company actually needs to insure

The typical technology company owns very little that an insurer of 40 years ago would recognise. There is no factory and no fleet of vans, and the stock room is a laptop. What it has is code, client data and a reputation. Even so, it tends to collect insurance policies the way an office collects phone chargers, one at a time and from different places, and none of them quite fits the others.

That is because trouble can come from three sides. A client can say the software failed and cost them money. This is a matter for professional indemnity insurance, which the sector also calls technology errors and omissions. Criminals can lock the company’s systems or walk off with its data, and cyber insurance exists for that. And somebody can still trip over a cable in the office, which is general liability, the oldest of the three covers and easily the dullest.

The gap between cyber insurance and professional indemnity

Bought separately, these covers mean three forms, three quotes and often three insurers. The paperwork is a nuisance. The bigger worry is that real incidents do not stay in one category. A ransomware attack on a software provider is a cyber loss on Monday. By Wednesday, when the provider’s own customers still cannot log in, it can be a professional indemnity claim as well. Two insurers then have to agree on who pays for what, and that conversation rarely happens at a convenient time.

One application, one insurance quote

The single application asks about the company once: what it sells, who its largest clients are, how its contracts limit liability, how it backs up data, whether staff log in with multi-factor authentication. Underwriters then assess the three covers together and return one insurance quote. The price still depends on the answers, and every application is assessed individually.

“In a lot of tech companies, the person filling in the insurance form is the same person running the business,” said Antonis Theofanous, Director. “Three forms down to one, and one figure to look at at the end. That is time they get back for the actual work.”

Insurance for software, SaaS and IT companies

The option is open to software developers, SaaS providers, IT consultancies and hosting companies. For a start-up, the trigger is often a first large contract with an insurance clause in it. For an established firm, it is the yearly renewal of policies that were never designed to sit together.

Technology companies have spent two decades removing forms from other people’s lives. It seems fair that someone has removed a couple from theirs.

About Marshal Insurance

Marshal Insurance has been arranging insurance since 1985 and serves more than 10,000 clients in 45 countries. It works with companies and international groups whose risks cross borders, across corporate liability, employee benefits, commercial specialty and sector cover. Its website is available in English, Russian and German.

To learn more about the available insurance solutions, visit: ⁠Marshal Insurance. Explore our coverage options, including ⁠Technology Errors and Omissions Insurance, ⁠Cyber Insurance and ⁠General Public Liability Insurance.

For more information or to request a quotation, please ⁠contact our team.

The Digital Cooperation Organisation (DCO), which counts Cyprus among its members, has launched the second edition of its Digital Prosperity Awards, inviting applications and nominations for digital solutions that deliver measurable economic and social benefits.

The awards are open to solutions from the public sector, private sector and civil society across DCO member states and worldwide, recognising the use of technology and innovation to accelerate digital transformation and promote a more inclusive, sustainable and prosperous digital economy.

Under the theme “Building the Future, Today”, the second edition will highlight initiatives that are already shaping the digital future by improving access to services, empowering people and communities, supporting business growth, advancing innovation and broadening participation in the digital economy.

The awards build on the inaugural edition, which recognised seven winners from the public sector, private sector and civil society at a ceremony held alongside the DCO’s fourth General Assembly in Jordan in February 2025.

Two of the seven recipients received the flagship Digital Prosperity for All prizes.

DCO secretary-general Deemah AlYahya said the awards would help bring effective digital solutions to a wider audience and connect their creators with new opportunities for collaboration.

“A prosperous digital future is taking shape today through the vision, commitment and creativity of governments, innovators, organisations and communities that embrace digital cooperation,” she said.

“Together, they are turning possibility into progress and technology into tangible, measurable impact in people’s lives,” she added.

Through the second edition, the organisation aims to celebrate solutions that advance digital prosperity and connect them with wider networks, new opportunities and partners capable of extending their reach and impact.

“We call on innovators and organisations across our member states and around the world to step forward and share the solutions that can transform lives, strengthen communities and open new pathways to opportunity,” AlYahya said.

“Your ideas, determination and leadership can help ensure that the digital future we build is inclusive, sustainable and prosperous; one in which every person and every community has the opportunity to thrive,” she added.

The second edition is structured around three core pillars: Digital Enablers, Digital Innovation and Digital Society, covering seven categories, alongside three flagship prizes recognising exceptional contributions to digital prosperity across DCO member states and beyond.

Alaa Abdulaal, the DCO’s chief of digital economy intelligence, said the assessment would prioritise evidence of results rather than ambition alone.

“We are looking for solutions that can prove their value, not simply describe their ambition,” she said.

“The strongest entries will show that they are solving a real challenge, delivering measurable results, and have the potential to extend that impact beyond their current context,” she added.

The assessment process will consider initiatives addressing local, regional or global challenges and require applicants to demonstrate tangible, measurable impact.

Entries will first undergo eligibility and due diligence checks before being assessed by a judging panel comprising international experts, leaders, innovators and specialists.

The panel will evaluate submissions against the awards’ approved criteria, with the winners to be honoured at a ceremony in 2027.

Applications and nominations close on January 4, 2027. Full category descriptions, eligibility requirements and entry guidance are available online.

Founded in 2020, the DCO describes itself as the world’s first standalone international intergovernmental organisation dedicated to accelerating the growth of an inclusive and sustainable digital economy.

It brings together the communications and information technology ministries of its 16 member states, which collectively represent nearly US$3.5 trillion in gross domestic product and a market of more than 800 million people, over 70 per cent of whom are under the age of 35.

Following a DCO Council decision in July 2026, nine additional countries began the process of joining the organisation.

The DCO works with governments, businesses, civil society and international organisations to promote digital inclusion, enable cross-border data flows, empower women and young people, and support entrepreneurs and small and medium-sized enterprises.

It also facilitates the coordination of digital policies across borders and holds observer status at the United Nations General Assembly and other international bodies.