IT downtime coverage provider Parametrix Insurance has announced the launch of a new product that aims to protect businesses from the financial fallout of third-party content delivery network (CDN) outages.
Parametrix CDN Downtime Insurance is designed to secure cash flow to fix any damages after a business’s main sales and communication channel is down.
Parametrix notes that this coverage will be especially important for digital native companies with online presence, content and transactions such as e-commerce, travel, e-mobility, media, healthcare and fintech companies.
“Global businesses rely heavily on third-party content delivery networks, which exposes them to CDN downtime risks that they need to mitigate with a plan providing necessary cash flow for business continuity,” said Yonatan Hatzor, co-founder and CEO, Parametrix.
“This and all Parametrix products showcase our ability to monitor performance and availability of global systems, model and quantify risk, and translate our knowledge into coverage with the trust and backing of major insurers and reinsurers.”