The fastest growing insurance market over the last five years has a new insurance solution. Philadelphia Insurance Companies is now offering an Integrated Tech product that offers coverage for a variety of technology professional services.
Underwriting Appetite:
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Primary target class = multifaceted technology companies with $3M and above annual revenue |
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Coverages include: |
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- E&O |
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- Network Security Endorsement |
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- Media Liability Endorsement |
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- Network Extortion |
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- Breach Notification and Reputation Repair |
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- Package (GL, Property, Auto, Umbrella) |
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Average Professional Liability premium is $30K or package $25-$30K |
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The policy addresses the exposures resulting from negligent acts, errors, or omissions arising out of technology services rendered to others |
Benefits of the Program:
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Limits available up to $15M for select risks |
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Broad definition of Technology Professional Services |
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Claim expense in addition to the limit is available for up to $2M |
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Claims-made coverage |
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Crisis Management Services expense coverage including a Certified Breach Coach available |
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Worldwide coverage |
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Copyright and trademark infringement covered in Media Liability endorsement |
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Separate limits for Media Liability and Cyber Liability available |
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Availability of complementary coverages to provide broader risk management solutions including Directors & Officers, Employment Practices, Fiduciary, and Crime |
5 Areas We’re Better Than Competitors:
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PHLY offers individual limits for coverages - You don’t have to worry about max limits being reached from a single claim |
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Defense in addition to limit up to $2M |
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Sub-contractors included in wording |
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Coverage includes Breach Notification and Reputation Repair, as well as protection for Network Extortion |
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One form for E&O, media liability and network security - simplified and cuts down on gaps in coverage |
Learn More:
For more information, please visit our Integrated Technology product page.
Contact Info:
To speak with a Marketing Representative, please call 800.873.4552 or contact the PHLY Regional Office closest to you. |