Insights

Trend Report 2020: Technology Industry Insurance Rates

March 31, 2020

Property & Casualty

Cover image of Technology Industry Insurance Rates Trend Report 2020 - Rate Reductions continue, but are shrinkingEver since the earliest days of the tech industry in Silicon Valley, Woodruff Sawyer has been specializing in technology insurance. We’ve applied our decades of experience placing commercial insurance for technology industry companies to address our clients’ ongoing and evolving risks.

To help you understand the state of the insurance market and benchmark your program, we have produced the Technology Industry Insurance Rates Trends Report. In the report we examine four years’ of data (2015 to 2019) on insurance rates for property, general liability, and workers’ compensation coverage.

In this report, we’ll identify the emerging trends in insurance for the tech sector. The key takeaway? The tide is turning after many years of large annual rate reductions.

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All views expressed in this article are the author’s own and do not necessarily represent the position of Woodruff-Sawyer & Co.

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