Specialist insurance and reinsurance group MS Amlin has introduced an all risks insurance policy designed specifically for the technology sector.
Known as Technology Combined, the new product offers coverage to a range of risks including cyber and technology E&O, material damage, business interruption, terrorism, and computer breakdown.
It also offers coverage against equipment inspection service, public and products liability, directors & officers liability, theft by employee, legal expenses, as well as personal accident.
The company said that the technology companies can now choose the coverages they want to include and bundle them all within a single insurance product underwritten by the company.
Due to its modular nature, the technology companies can pick and choose products, having as much or as little cover as they require.
Commenting on the launch of the new product, MS Amlin head of UK underwriting Richard Coxon said: “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 focused on the client and providing flexible options that work for them.”