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Launch And Target Market
BOXX Insurance has launched ‘Tech E&O by BOXX,’ a policy made for tech companies of all sizes, from startups to large businesses. It is aimed at SaaS, AI, digital infrastructure, and traditional software firms. This new policy covers modern technology risks that older E&O policies often miss.
“Traditional E&O wasn’t designed for how companies operate today and it was never built for today’s reality of algorithmic biases, data poisoning or technology discrimination,” said Phil Baker, Chief Underwriting Officer at BOXX Insurance.
Coverage Design And Included Services
BOXX combines technology E&O and cyber insurance in one package. Each policy comes with threat protection, proactive cyber services, and 24/7 incident response. Clients also get free access to BOXX’s risk management platform, which provides tools, training, and security resources to help improve their defenses.
Highlighted Coverage Elements
BOXX offers Technology Discrimination Coverage for claims under anti-discrimination laws like the ADA. The policy also covers losses from social engineering scams aimed at senior executives and protects against cryptocurrency theft caused by fraud or manipulation. The policy may waive the retention if the insured reports a cyber incident within 24 hours, subject to policy terms.
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Coverage for media and IP claims now includes both online and offline content. Company leaders say that new risks, such as algorithmic bias and data poisoning, led to these updates.
“We’ve built this policy from the ground up, addressing gaps, reducing exclusions and broadening triggers,” said Erik Tifft, Head of Products.
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