Resilience US Clients to Benefit from New Tech E&O Coverage
In an increasingly digitized world, technology is embedded in every company’s operations in some way, shape, or form. As a result, the need for comprehensive risk management solutions has never been more pressing. Cyber risk management firm Resilience has announced that it has added Technology Errors & Omissions (E&O) coverage to its existing cyber insurance and cyber risk management solutions.
This 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, emphasized the importance of this new coverage, stating, “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.”
A More Holistic Approach to Risk Management
Ready to manage complex Tech E&O risks, Resilience aims to create policies that fit 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, noted that 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.
Cyber risk management is crucial in today’s digital landscape.
However, with Resilience’s track record of helping companies navigate a rapidly evolving and increasingly digital cyber risk landscape, the company is one of few MGAs able to offer this kind of coverage, particularly to midsize and large clients. Gavin Reed, Head of Underwriting, US, added that their 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.
Resilience’s new Tech E&O coverage provides a more holistic approach to risk management.
Their expertise is backed by their data science, tech, and the A+ coverage and contract certainty that all their insurance offerings provide. The integration of all these capabilities puts them in a market-leading position to serve their clients.
Resilience’s comprehensive risk management solutions provide a competitive edge in the market.
In conclusion, Resilience’s new Tech E&O coverage is a significant step forward in providing comprehensive risk management solutions to US clients. As technology continues to play an increasingly prominent role in business operations, the need for effective risk management solutions will only continue to grow. With Resilience’s new offering, companies can rest assured that they are better equipped to mitigate and manage the complex risks associated with technology products and services.
Effective risk management is crucial in today’s digital landscape.
