In an effort to counter the growing cyber threats that businesses face, the solution will serve US organizations with $300 million to $10 billion in revenue. It offers complete protection against liability resulting from technology-related goods and services.

Clients are guaranteed sufficient coverage against potential cyber risks with this coverage, which offers limits of $10 million for both primary and excess placements.

"Technology risk is often poorly understood by the insurance market, making Tech E&O a historically challenging offering for the commercial insurance industry to provide to their clients," said Mario Vitale, President of Resilience. Resilience is one of the few MGAs that can provide this kind of coverage, especially to midsize and large clients, given our history of assisting businesses in navigating a quickly changing and increasingly digital cyber risk world.

Financially tested risk models, data-driven decision-making, and skilled underwriting and claims teams support Resilience's Tech E&O coverage. This guarantees that every policy is customized to meet the unique requirements of every business, offering enhanced coverage and proactive incident response capabilities to reduce total cyber risk.

"Our underwriting and claims teams bring years of experience in this line of business, including reviewing and managing the complex intricacies of technology contracts that often lead to liability risks," stated Gavin Reed, Head of Underwriting, US at Resilience. Our tech, data science, and A+ coverage and contract certainty offered by all of our insurance options support this expertise. We are in a position to service our clients that leads the market thanks to the combination of all these competencies.

"Resilience has been a consistent partner for us in the cyber insurance space, introducing a unique model focused on increasing client security," said T. Michael Miller, CEO of Intact's Global Specialty Lines. With this announcement, we support their cyber security solutions for customers and brokers in the higher echelons of the U.S. Tech E&O market, which we are glad to see continuing to develop.