Resilience has launched technology errors and omissions (tech E&O) coverage for enterprises in the UK and EU.
The new offering is available to clients generating more than £50m in annual revenue in the UK, or €25m in Europe.
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The cover provides protection for providers of hardware, software, telecommunications and web services, with policy limits of up to £10m, or €10m for both primary and excess placements.
For this launch, the company partnered with Accredited Insurances.
Tech E&O will help clients mitigate and cover liabilities stemming from technology products and services, the company said.
Resilience stated that its broader cyber solutions – featuring risk modelling, data-driven cyber action plans, and support from underwriting and claims teams – position the company to handle complex tech E&O risks.
Resilience international insurance managing director Jack Jenner said: “Technology is embedded in every company’s operations and technology companies deserve a partner that understands their complex needs and can help them stay ahead of evolving threats.
“Our new tech E&O coverage, alongside our existing cyber insurance and cyber risk quantification software offerings, provides a more holistic and integrated risk management solution to our clients.”
Recently, Resilience expanded its services to cater to large enterprise accounts with revenues exceeding $10bn.
Accredited Insurance supported the expansion along with a consortium of global cyber reinsurers.
The move offers broker partners additional options to manage their clients’ complex cyber risks, the company said.
