Resilience, the specialist in cyber risk solutions, announced the introduction of coverage for technology errors and omissions (tech E&O) in the UK and Europe, supported through a new partnership with Accredited Insurances.
Resilience now offers tech E&O coverage for clients with more than £50 million or €25 million in annual revenue in the UK and Europe, respectively.
Under this coverage, Resilience provides protection for hardware, software, telecommunications providers, and web services, with limits up to £10 million or €10 million available for the UK and Europe, respectively, for both primary and excess placements.
A Resilience survey of IT and security leaders in UK companies with greater than £100 million in annual revenue in Q4 2024, in partnership with YouGov, found that business interruption was the primary concern for 72% of enterprises. Further, it was cited as the leading cause of claims for UK businesses, with 38% filing such claims. Tech E&O aims to address this, protecting technology companies from liability.
Tech E&O supports clients in mitigating and covering liability arising from technology products and services and is a cornerstone of…
