MS Amlin, the insurance and reinsurance group owned by top-10 firm MS&AD, has launched an all risks insurance policy specially designed for the technology sector.
Recognising the need for coverage that fits the operations of the tech sector, MS Amlin has responded with a product that encompasses a broad range of risks technology companies are exposed to.
The product, named Technology Combined, will allow tech companies to select the coverages they want to include and bundle them all within a single insurance product underwritten by MS Amlin.
The product is split into different sections that include: Cyber and Technology E&O; Material Damage; Business Interruption; Terrorism; Computer Breakdown; Equipment Breakdown; Equipment Inspection Service; Public and Products Liability; Directors & Officers Liability; Theft by Employee; Legal Expenses; and Personal Accident.
As a result, companies can purchase as much or as little coverage as they require, with the product able to be tailored to fit alongside existing protection the tech firm may already have.
Richard Coxon, Head of UK Underwriting at MS Amlin commented on the launch, “At MS Amlin we understand the importance of specialism and producing tailored products to meet our clients individual business needs. The Technology Combined product is designed to reduce any gaps in cover our clients may have, and gives them the ability to flex their insurance solution depending on their most prevalent risks. In a world where the nature of risk continues to evolve, we remain focussed on the client and providing flexible options that work for them.”
