Resilience US clients to benefit from new Tech E&O coverage

Cyber risk management firm Resilience has announced it has added Technology Errors & Omissions (E&O) coverage to its existing cyber insurance and cyber risk management solutions.

US organisations with $300M-$10B in revenue will benefit from this new coverage, which has $10M in limits available for both primary and excess placements.

Resilience’s new offering is poised to further help clients mitigate and cover liability arising from technology products and services – a cornerstone of building cyber resilience.

Vishaal “V8” Hariprasad, co-founder and CEO of Resilience, said: “In an increasingly digitised world, technology is embedded in every company’s operations in some way, shape, or form.

“As such, our new Tech E&O coverage, coupled with our existing cyber insurance and cyber risk quantification software offerings, provides a more holistic and integrated risk management solution to our clients.”

Ready to manage complex Tech E&O risks, Resilience aims to create policies hat fits each company individually with better coverage, and the ability to be proactive in response to incidents, leading to lower risk.

Mario Vitale, President of Resilience, stated: “Technology risk is often poorly understood by the insurance market, making Tech E&O a historically challenging offering for the commercial insurance industry to provide to their clients.

“However, with our track record of helping companies navigate a rapidly evolving and increasingly digital cyber risk landscape, Resilience is one of few MGAs able to offer this kind of coverage, particularly to midsize and large clients.”

“Our underwriting and claims teams bring years of experience in this line of business including reviewing and managing the complex intricacies of technology contracts that often lead to liability risks,” Gavin Reed, Head of Underwriting, US, added.

“That expertise is backed by our data science, our tech, and the A+ coverage and contract certainty that all our insurance offerings provide. The integration of all these capabilities puts us in a market-leading position to serve our clients.”

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