Resilience adds technology E&O coverage to cyber proposition

Resilience, a sole agent company, has added technology errors and omissions (E&O) coverage to its cyber insurance proposition.

Aimed at U.S. organizations with revenue between $300 million and $10 billion, this technology E&O addition has a maximum limit of $10 million for both primary and excess placements. It is designed to enhance Resilience's cyber insurance offering by enabling clients to manage liability related to technology products and services.

Emphasizing the importance of the new cover, Vishaal Hariprasad, co-founder and CEO of Resilience, said:

Mario Vitale, president of Resilience, added: “Technology risks are often poorly understood in the insurance market, making technology E&O a historically difficult service for the commercial insurance industry to provide to its customers.” added.

Mr. Vitale said Resilience's proven track record of assisting businesses in complex digital cyber risk environments makes it one of the few managed general agents able to provide such coverage, particularly to mid-sized and large businesses. I emphasized.

Gavin Reed, head of U.S. underwriting at Resilience, shared insight into the team's expertise.

“Our underwriting and claims teams have many years of experience in this line of business, including reviewing and managing the complexities of technology contracts that often result in liability risks,” Mr. Reed said.

He highlighted that this expertise is complemented by Resilience's data science capabilities, technology, and the A+ coverage and contract certainty they provide.

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