Resilience launches tech E&O coverage

Cyber insurance MGA Resilience has launched tech E&O coverage for US companies with $300M-$10B in revenue, offering $10M in limits for both primary and excess placements.

Resilience products in the US are underwritten by Homeland Insurance Company of New York or Homeland Insurance Company of Delaware, each subsidiaries of Intact Insurance Group USA.

“In an increasingly digitized 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.” – Vishaal “V8” Hariprasad, co-founder and CEO of Resilience.

“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.” – Mario Vitale, President of Resilience.

“Resilience has been a consistent partner for us in the cyber insurance space, introducing a unique model focused on increasing client security. We are pleased to see their continued growth, and with this announcement, support their cyber security solutions to customers and brokers in the upper end of the U.S. market of the Tech E&O space.” – T. Michael Miller, CEO Global Specialty Lines at Intact.