Industry
Insurance for Hardware & IoT
Hardware and connected-device companies combine physical-product exposure with software risk: a defect can injure people or damage property, a firmware flaw can brick a fleet, and a compromised device can become the entry point into a customer's network. Standard tech-company insurance built for pure software leaves gaps on every one of those fronts.
Insurance Programs for Hardware & IoT Companies
Hardware and connected-device companies combine physical-product exposure with software risk: a defect can injure people or damage property, a firmware flaw can brick a fleet, and a compromised device can become the entry point into a customer's network. Standard tech-company insurance built for pure software leaves gaps on every one of those fronts.
How OnePark Risk Helps
OnePark Risk builds programs for hardware and IoT companies that pair product liability and completed-operations coverage with Tech E&O and cyber — so the physical, professional, and connected exposures are handled as one program rather than three disconnected policies. Property, inland marine, and supply-chain considerations enter as inventory and manufacturing scale.
Key Coverages for Hardware & IoT Companies
- Product liability for bodily injury and property damage from devices
- Tech E&O for firmware, connectivity, and update failures
- Cyber Liability for device-fleet compromise and data exposure
- Property and inland marine for inventory and equipment
- D&O and EPLI as the company scales
- Contract reviews for OEM, distribution, and retail agreements