INSUREtrust to distribute IT downtime insurance

INSUREtrust , a specialty insurance brokerage for emerging risks, and Parametrix, an IT downtime insurance provider, are now partners.

Through this agreement with Parametrix, INSUREtrust’s agents can now offer system outage coverage that indemnifies a client for its dependent business income loss at a pre-determined rate per hour. The policy offers coverage payments within 15 days without requiring a claims adjustment process and without any restrictions on the use of the funds .

“Parametrix is always looking to work with the best technology risk management firms in the market, and INSUREtrust definitely ranks highly among its peers. Their extensive expertise and deep network of brokers and agents will further enhance our ability to provide groundbreaking business interruption insurance solutions to tech-dependent companies.” – Yonatan Hatzor, CEO of Parametrix .

“As the marketplace changes, the INSUREtrust team remains at the forefront of innovation by bringing new solutions for the growing technology risks that businesses face. Supply chain risk, particularly third-party digital platform risk, continues to expand, and we are constantly looking for creative ways to help our clients minimize, or in some cases, alleviate that risk. This new agreement with Parametrix‘s IT downtime product complements our Cyber Secure Platform’s risk management offerings and continues to differentiate our clients in the insurance marketplace.” – Christiaan Durdaller, President and CEO of INSUREtrust, a subsidiary of Starwind .