Parametrix launches third-party downtime insurance

Parametrix Insurance Services LLC, a provider of technology downtime insurance, Wednesday said it has launched Parametrix CDN Downtime Insurance to protect businesses from potential losses tied to third-party content delivery network outages.

The coverage is focused toward organizations like digital native companies with online presence, content and transactions such as e-commerce, travel, e-mobility, media, health care and fintech companies, and other online retailers, a statement said.

Limits are available “from tens of thousands to several millions depending on the clients architecture and business requirements,” according to an email from Yonatan Hatzor, CEO and co-founder of Parametrix.

Mr. Hatzor said in the company statement that because global businesses rely heavily on third-party content delivery networks, this exposes them to CDN downtime risks.