A Timely Launch for a Growing Cyber Risk Landscape
As digital transformation accelerates, technology companies face mounting pressure to stay ahead of cybersecurity risks. Recognizing this, Resilience, a global cyber risk management firm, has launched a new Technology Errors and Omissions (Tech E&O) cyber insurance offering for enterprises in the United Kingdom and Europe.
The Tech E&O coverage UK EU is, supported by Accredited Insurances, is designed to protect tech-driven businesses against liabilities arising from product or service failures. This comes at a time when cyber incidents are more disruptive and expensive than ever.
Expanded Eligibility: Who Can Benefit From the Coverage?
Resilience’s Tech E&O product is aimed at mid-sized and large enterprises, specifically those earning more than £50 million or €25 million in annual revenue. The offering spans industries such as:
- Software and SaaS providers
- Hardware manufacturers
- Telecommunication firms
- Web service platforms
Coverage limits go up to £10 million or €10 million, available for primary and excess placements.
Enterprise Cybersecurity Risk Is Evolving and So Must Coverage
A recent survey by Resilience and YouGov, conducted in late 2024, highlights a key concern:
72% of UK enterprise IT and security leaders cite business interruption as their top risk.
Additionally, 38% of those surveyed reported having filed business interruption claims, pointing to a growing need for more specialized tech liability coverage.
The Tech E&O policy provides financial protection and helps companies build stronger cyber resilience by covering legal, compliance, and operational fallout from technology failures.
Expanding Support for the Largest Enterprises
Beyond mid-sized firms, Resilience is extending capacity to businesses with annual revenues of over £10 billion or €10 billion. These larger entities typically face a more complex threat landscape, including:
- Sophisticated cyberattacks
- Third-party vendor vulnerabilities
- Compliance gaps across international jurisdictions
According to Resilience’s research, large companies are twice as likely as smaller ones to consider vendor due diligence effective. Yet, they are also more exposed to critical vendor-related failures. In 2024, nearly a quarter of Resilience’s claims were related to vendor outages.
A Word from Resilience Leadership
Jack Jenner, Managing Director of International Insurance at Resilience, underscores the company’s vision, saying, “Technology is embedded in every company’s operations… 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.”
Jenner’s comment reflects Resilience’s broader approach, which offers integrated tools and services beyond standard cyber liability insurance.
What Makes Resilience’s Tech E&O Coverage UK EU Offering Unique?
Resilience differentiates itself by bundling insurance with proactive cyber risk strategy management solutions. Their offering includes:
- Risk quantification software
- Cybersecurity action plans
- Expert support from seasoned underwriters and claims professionals
A Step Forward in Cyber Risk Strategy
For UK and EU enterprises navigating a landscape of digital dependencies and regulatory scrutiny, Resilience’s Tech E&O launch provides much-needed support and flexibility.
With both mid-sized and massive enterprises in mind, the offering signals a shift toward more adaptive, data-driven cyber insurance models.
Other News: Insurance Europe Urges Enhanced Resilience as EU Cyber Insurance Market Expands(Opens in a new browser tab)
