Technology
Insurance solutions to support growth
Consistent innovation and development means that no two technology companies are alike. We use our in-depth knowledge of the sector to create unique and customised insurance programs for IT services, Web Developers, Hosting Services, System designers, Software and Hardware Producers, Blockchain and Artificial Intelligence Industries.
- Many start-up technology companies do not factor in the importance of insurance, especially cyber insurance. Start-ups are a major target for hackers, making it imperative that the right protection and a plan is in place to save businesses from collapsing.
- New and emerging technologies including quantum computing, artificial intelligence and blockchain present significant opportunities for people, businesses and the broader economy.
- The Australian Government wants to leverage the countries highly educated and digitally literate workforce and build capability in a broad range of technologies including AI, robotics and the Internet of Things in order to expand Australia’s technology industries.
Are you covered?
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Cyber Insurance
Cover against cyber breaches, including. security and privacy liability, network interruption and recovery, network extortion, privacy regulatory defence and intellectual property liability.
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IT Liability
A combined General Liability and Professional Indemnity package policy, providing protection against a company’s legal liability following a failure of their technology related service or product.
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Computer Crime Insurance
Providing cover for online digital theft of financial assets or data.
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Directors & Officers Liability Insurance
Company directors and officers are under immense pressure to carry out their duties to meet stakeholder expectations. Failure to do so may lead to exposure of personal financial liability.
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Technology Property
Covering impairment of computer systems including breakdown. Cover can also extend to protect loss of profits following an interruption.
At Honan, we’re proud to be appointed as the exclusive South East Asia and New Zealand member of the international TechAssure network. TechAssure is a leading independent, peer-evaluated brokerage network for technology-related risks. Collectively, TechAssure members place more than US $10 Billion in premium volumes and have expertise in life sciences, clean tech, private equity and venture capital.
The consistently fast pace at which the technology industry evolves makes it vital to collaborate and share knowledge with industry leaders within the network. TechAssure members have access to proprietary benchmarking data, exclusive coverage, more carrier options, in addition to pre-agreed policy wording. As a member of the network, we provide our global Technology customers with the highest level of insurance and risk advisory, wherever they’re located.
News & Insights
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Fri 29 Oct, 2021
Honan acquire emerging tech, startup & life sciences insurance specialist, Modern Risk Solutions
MELBOURNE, October 29, 2021 Honan Insurance Group (Honan), one of Australia’s fastest growing international brokers, today announced its acquisition of Modern Risk Solutions (Modern Risk), a market-leading insurance and...
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Thu 23 Sep, 2021
5 Essentials in Cyber Security
The Australian Cyber Security Centre’s annual Cyber Threat Report for FY21 makes for sobering reading, revealing 67,500 cybercrime reports were made in that year (a 13% YoY increase), and estimated...
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Thu 12 Aug, 2021
Social Engineering: Simple Steps to Protect Your Business
While businesses leveraged technology to interact with their consumers in revolutionary ways over the last 18 months, so too have hackers. Hackers can access bank accounts or intercept banking transactions,...
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Wed 13 Jan, 2021
4 Risk Protection Essentials for Tech Start-Ups
In October 2020, Apple announced its line-up of products that will support 5G, heralding a new era of technological advancement. While your tech start-up might not have the muscle of...
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Thu 15 Oct, 2020
Australian Education at Risk: How Cybercrime Insurance can Help
Around the world, Australia is recognised for its excellence in education and training. Contributing over $32 billion to our economy, this critical industry represents Australia’s third largest export. Unfortunately however,...
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Tue 14 Jul, 2020
Exclusive Global Partnership to Supercharge Honan’s Tech Insurance Offering
In a world where robust technology and cyber security are more essential than ever, we’re pleased to announce a powerful new partnership with TechAssure. A global leader in its field,...
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Fri 20 Mar, 2020
COVID-19: Tips for Remote Working, Cyber Security and Avoiding Email Scams
By Dominic Brettell Head of Client Service (NSW) – Corporate Insurance & Risk Solutions When a crisis hits, it can bring out the best in humanity. This was evident during...
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Mon 16 Mar, 2020
COVID-19: Business Interruption, Contingency and Workplace Risk
On 30 January 2020, the World Health Organisation declared the Coronavirus outbreak a Public Health Emergency of International Concern. We sympathise with everyone who has been impacted by the virus and...
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Mon 24 Feb, 2020
Cybercrime: Is Your Business Aware, Prepared & Protected?
By Henry Clark Head of Professional & Executive Risks With cybercrime an ever-growing threat both in Australia and across the world, knowing what to look out for and how to...
