Resilience Expands Coverage for Technology Errors & Omissions Insurance for Clients Above $25M In Annual Revenue

Expanded Coverage from Resilience for Tech E&O Insurance

Resilience has announced a significant adjustment to its technology errors and omissions (E&O) insurance offerings. The company is now extending its coverage to businesses with annual revenues exceeding $25 million. This move reflects Resilience's intent to cater to larger tech companies that require more comprehensive E&O protection.

Key Details of the Announcement

The expansion will enable Resilience to support a broader range of clients in the technology sector. With a keen focus on innovation and risk management, Resilience aims to provide essential coverage against claims related to programming errors, data breaches, and failure to deliver promised services.

Who Is Affected?

This new appetite will primarily benefit mid-sized to larger technology firms looking for specialized E&O coverage. As technology continues to evolve, the risks associated with cyber incidents and operational errors have also grown. By targeting companies that generate over $25 million in revenue, Resilience is positioning itself to meet the increasing demand for coverage in a competitive market.

Industry Context

The insurance landscape is experiencing a notable shift as technology companies face unique challenges. With rising incidents of data breaches and a complex regulatory environment, more organizations are seeking tailored insurance solutions. Resilience’s expanded coverage is a timely response to these market dynamics and reflects a growing recognition of the importance of E&O insurance in the tech industry.

In conclusion, Resilience's updated stance on E&O insurance is an indication of the company’s commitment to keeping pace with industry needs while enhancing its offerings for larger tech firms. This move not only broadens Resilience's client base but also underscores the ongoing evolution in liability protection for technology enterprises.

Original Source: https://ffnews.com/newsarticle/resilience-expands-coverage-for-technology-errors-omissions-insurance-for-clients-above-25m-in-annual-revenue/