SAN FRANCISCO–(BUSINESS WIRE)–May 23, 2019–
Embroker, the digital insurance company that’s radically improving the way insurance works for businesses, today announced the release of its third proprietary digital insurance policy: Errors & Omissions/Cyber. The new policy completes a suite of digital insurance policies, custom built to fill critical gaps in high-growth technology companies’ coverage and mitigate their exposure to unique industry risks. The company released its first two digital policies–Directors & Officers (D&O) and Employment Practices Liability Insurance (EPLI)–in 2018.
Built with the nuances and concerns of the technology industry in mind, Embroker’s new E&O/Cyber policy offers technology companies coverage that would traditionally require as many as 20 endorsements (alterations), added manually with the assistance of a broker. Traditional brokers are not incentivized to spend the time necessary to address the acute coverage needs of high-growth technology companies, leaving many unknowingly exposed to risk.
Embroker has additionally eliminated multiple layers of unnecessary intermediation and complexity by automating the underwriting process with…
