IoT & Connected Devices
Protecting connected systems
IoT companies sit at the intersection of hardware, software, and data. When physical devices connect to digital networks, new exposures emerge. From cyber intrusion to product failure and supply chain disruption. A single vulnerability can lead to both financial loss and safety concerns.
At Fairpoint, we help IoT manufacturers, platform providers, and integrators secure coverage that bridges the gap between digital and physical world. Our programs address the full lifecycle of your solution, from design and manufacturing to data collection and user deployment.
Why it matters
IoT risk is multidimensional. A defect in a connected sensor can cause property damage, while a network breach can expose sensitive data or trigger a system-wide outage. Traditional product or tech policies rarely address both types of exposure under one coordinated program.
Fairpoint works with insurers who understand the evolving IoT ecosystem and can combine Technology E&O, Cyber, and Product Liability coverage to ensure consistent protection across physical and digital risk.
What coverage you need
Typical protection for IoT companies includes:
Technology Errors & Omissions for software or connectivity failures
Product Liability for bodily injury or property damage from device malfunction
Cyber Liability for network breaches and data exposure
Product Recall for manufacturing or safety issues
Directors & Officers for governance and investor protection
Our approach
We collaborate with IoT founders, engineers, and investors to align insurance with product design, distribution, and compliance requirements.
Our process includes:
Reviewing hardware, software, and vendor integrations
Mapping product and data exposures across the supply chain
Placing coverage with insurers experienced in connected and embedded technologies