Product information
Technology by nature is continually evolving. With innovation at its heart, it is ever-expanding and diversifying, covering nearly all areas of life and work. Technology firms range in size from sole practitioners to global companies. In recent years, there has been significant change to most operating models, away from outright purchase or licensing to managed services hosted by an information technology (IT) company on behalf of a client. The expansion of the cloud, mobile devices, social networking, "Big Data," and the Internet of Things (IoT) is creating increased demand for these hosting services, which are generally cost-effective and easy to scale up or down depending on need. This shift is creating new exposures for traditional technology firms. Our experienced underwriters can provide your business with the protection it needs against a range of losses, including allegations of negligence, breach of contract, fraudulent inducement and copyright infringement. We focus on tailored coverage and detailed underwriting in this class to bring relevance to each industry sector.
What we cover
Loss of, or damage to, digital assets
Non-physical business interruption and extra expenses
Property Damage and resulting business interruption
Cyber extortion and cyber terrorism
Security and privacy liability
Privacy regulation defence
Special expenses such as notification expenses, PR expenses and credit monitoring
Reputational harm
Cyber-crime.
Cover information
All industries, primary or excess layers
Line size
7.5
million GBP
10
million USD
10
million EUR
Meet our Technology Errors & Omissions Insurance specialists
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