Philadelphia Insurance Companies’ has launched its Integrated Technology product to address the issues from the evolution of technology and growth of the industry through a suite of coverages for complex, multifaceted technology organizations.
PHLY’s product offers all the coverage needs for a technology company, in one location. Coverages can be tailored to meet the insurance needs of a wide range of companies including light assembly; telecommunications, computer hardware and software distributors; programmers; I.T. consultants; data processing schools; computer training facilities; and government contractors.
“We offer a broad definition of ‘technology services,’ because this industry is constantly evolving and offering new products or services,” commented Jerome Wilson, product manager in the Management & Professional Liability division at PHLY. “Our Integrated Technology product is a one-stop shop, meaning companies can be sure there are no gaps in coverage, and expect issues to be resolved more quickly than when multiple carriers are involved.”
PHLY’s Integrated Technology product also includes subcontractors under the insurance. This protects a company in the case that issues arise from the use of a subcontractor for any number of reasons. Another feature is additional defense, on top of the coverage limits, since defense is a critical need for tech companies. PHLY’s Integrated Technology offers multiple coverages for liability exposures that fall under general liability or product loss. Coverage also provides access to risk management services including legal and data breach coaches. Policyholders also have individual limits for each coverage.
Philadelphia Insurance Companies designs, markets, and underwrites commercial property/casualty and professional liability insurance products for select industries.
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