Mosaic Insurance’s cyber division has launched primary technology errors and omissions (E&O) coverage. This is to protect tech companies from increasing liability risks.
Offering up to US$15 million in capacity, Mosaic is making primary Tech E&O coverage available via underwriting hubs in London, the US, Canada, Europe, and UAE.
The launch builds on Mosaic’s primary cyber offering introduced last spring, the company says, and activates primary Tech E&O as a blended product globally. Previously it was offered on an excess basis only.
Coverage mitigates against rising threats facing businesses contracted to provide tech products, including artificial intelligence, virtual reality and peer-to-peer platform services.
Clients will also benefit from Mosaic’s partnership with tech pioneer Safe Security, which integrates granular telematics into its cyber underwriting process.
Yosha DeLong, Mosaic’s global head of cyber, comments: “We understand how intrinsically linked cyber exposure is with technology-related liability, so we’re thrilled to now offer primary tech E&O in conjunction with our primary cyber product on a global basis.”
James Tuplin, Mosaic’s head of international cyber, says: “We’re increasing our product suite to meet that demand and help clients best protect themselves from these growing digital risks.”
