Mosaic offers excess E&O coverage for technology firms

Bermuda-based insurer Mosaic Insurance Holdings Ltd. said Tuesday it was offering excess technology errors and omissions coverage for cyber-related risks.

Mosaic will offer limits up to $15 million above a $10 million attachment point.

Underwritten through Mosaic’s Lloyd’s of London syndicate, the coverage will be offered globally to businesses such as artificial intelligence, virtual reality, information technology consulting companies and other technology companies, a Mosaic statement said.