technology risk management

Resilience Expands Tech E&O Coverage for Mid-Market and Enterprise Clients

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Resilience has expanded its Technology Errors & Omissions (Tech E&O) coverage for companies earning over $25 million in annual revenue. Tech E&O coverage protects technology companies if their software, service, or product fails and causes a client to lose money. The program, supported by its Lloyd’s coverholder agreement, extends its cyber insurance policy to a … Read more

Cyber Risk Will Increase in 2025: Insurers Warn of Rising Threats

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According to Woodruff Sawyer & Co.’s annual survey released Monday, 58% of cyber insurers expect cyber risk will increase “slightly” in 2025. This marks an increase from 44% in 2024 but remains lower than 74% in 2023. Cyber insurance rates dropped for many businesses in 2024, with 66% of Woodruff Sawyer clients experiencing cost reductions. … Read more

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