Resilience, cyber risk solutions provider, said it has expanded its appetite for technology errors & omissions (tech E&O) insurance to clients with more than $25 million revenue in the US, GBP50M in the UK and EUR 25M in the EU.
The agreement utilizes Resilience’s existing coverholder partnership with Lloyd’s.
Resilience now offers a broader range of clients up to $10 million in tech E&O coverage after launching the offering in 2024 for clients with more than $300 million in revenue. It supports technology companies with necessary risk transfer coverage for financial losses derived from cyber risk and professional errors, omissions, or negligence in their products or services.
Not only has the technology sector continued to grow with a wave of AI investment, but virtually all companies today support a technology offering that is susceptible to risks from errors and omissions, Resilience said. This highlights the need for businesses to protect themselves from risk of loss from operational uptime, data integrity, confidentiality and availability, and the unintentional errors and omissions associated with its products and related services.
Resilience’s cyber and tech E&O offering provides blended coverage, addressing the overlapping cyber liability and technology operational risk into one streamlined and comprehensive insurance policy.
Blended tech E&O and cyber insurance work together with Resilience’s loss-prevention solution and collective protection to provide a comprehensive approach.
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