Zurich Canada Launches Middle Market Technology Vertical

Zurich Insurance Company Ltd (Canadian Branch) (Zurich Canada) is announcing the official launch of its Middle Market Technology Vertical, designed to meet the evolving needs of technology companies in the Middle Market segment. This initiative highlights Zurich Canada’s dedication to providing tailored insurance solutions that address the unique challenges of today’s Middle Market customer.

Leveraging expertise in the technology sector, Zurich Canada aims to offer comprehensive risk management solutions, including technology errors and omissions, cyber, and property and casualty insurance.

“Statistics Canada industry data shows that by 2021, Canada’s tech industry comprised of 45,000 companies and $242B in revenues and estimated to have grown over 22% since. The tech industry represents 5.3% of our national GDP and is over a third of the country’s R&D spend. Growing companies need scalable insurance that evolves with their business risks.” said Donna Mulligan, Head of Middle Market, Zurich Canada. “Our Middle Market Technology Vertical demonstrates our commitment to understanding our customers' needs and delivering innovative, customer-centric solutions.”

The Technology Vertical targets software developers, electronic manufacturers, IT consultants and SaaS companies.

Key features include:

• End-to-end multiline insurance product
• Enhanced P&C package with broadened Zurich Z-Guard Property and General Liability
• Additional coverages: umbrella, D&O, fiduciary liability, employment practices liability (EPL), crime, inland marine
• Robust Technology Professional Liability package via Zurich Pro PlusTM E&O, which can also include cyber and media coverage
• Multiline Technology underwriter and risk services, providing streamlined service via one point of contact
• Value-added services including cyber and P&C risk assessments, risk insights tools, and accredited seminars

“Our Technology Vertical offers a seamless experience for our customers,” Mulligan added. “We aim to simplify the insurance-buying process and enhance contract certainty.”

Zurich Canada reaffirms its commitment to innovation, customer service, and industry-specific expertise with this new vertical, supporting technology companies in navigating industry complexities and pursuing growth.

The Technology Vertical joins Zurich Canada’s other industry verticals: Manufacturing, Retail, Professional Services, Real Estate, Wholesale and Construction. For more information about Zurich Canada’s Middle Market Industry Verticals, please visit www.zurichcanada.com/prodsols/middle-market.

Media contact

Kate Moseley-Williams
Director of Communications
Zurich Canada
416.892.9537
kate.moseleywilliams@zurich.com

About Zurich Canada

Zurich Canada has been a leader in the Canadian insurance market for over 100 years – now offering both large and middle market commercial, and other specialty coverages. With employees in offices across the country, we combine global reach with local service and knowledge. Through a thoughtful and transparent approach, our dedicated regional teams help mitigate and manage risks and build resilience to better protect Canadian businesses, communities and families. Our team is there in tough times to help customers respond and recover quickly.

We will continue to evolve to support customers, brokers and employees in an ever-changing environment. In addition to providing insurance protection, we are increasingly offering prevention services such as those that promote well-being and enhance climate resilience.

We strive to build a workplace that is representative of the communities we serve. Zurich Canada is committed to creating a workplace that puts the well-being of people first and where everyone can contribute, grow and feel a sense of belonging.