As reliance on technology grows, the need for comprehensive protection becomes more apparent. This has prompted cyber insurance provider Resilience to launch new Tech E&O coverage for midsize and large U.S. businesses. The coverage targets U.S. companies with annual revenues between $300 million and $10 billion. This new service complements Resilience’s cyber insurance solutions, offering up to $10 million for both primary and excess coverage. The initiative aims to help clients manage liabilities linked to their technology products and services, enhancing their cyber defense strategies.
Vishaal “V8” Hariprasad, Resilience‘s co-founder and CEO, remarked, “Technology is no longer an optional part of business; it’s a fundamental component. Our Tech E&O coverage, alongside our cyber insurance and risk software, creates a robust risk management ecosystem for our clients.” This move underscores the company’s dedication to delivering customized solutions. By leveraging data analytics and the expertise of its underwriting and claims teams, Resilience uniquely addresses the challenges of Tech E&O risks
“Closing The Gap”
Mario Vitale, President at Resilience, discussed the insurance sector’s struggle to offer effective Tech E&O coverage, “The complexity of technology risks has often been underestimated, leading to gaps in coverage. At Resilience, we’re closing those gaps, drawing on our deep understanding of the digital threat landscape to protect our clients.” This perspective highlights Resilience’s strategic advantage in serving midsize and large organizations with precise policies and active incident management.
The launch has received support from industry leaders, including T. Michael Miller, CEO of Global Specialty Lines at Intact, who commended Resilience for its forward-thinking approach to cybersecurity. “Resilience’s expansion into Tech E&O insurance exemplifies their ongoing commitment to not just respond to cyber threats, but to anticipate and mitigate them,” Miller stated. This endorsement underscores Resilience’s position as a pioneer in integrating cybersecurity and cyber insurance solutions across the broader market.
Source: Resilience Launches Technology Errors & Omissions Coverage.
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