MS Amlin, the specialist global reinsurer, has launched its new technology combined product, a comprehensive all risks policy it said it designed for the technology sector.
The product provides companies with cover against a range of different perils and the sections available include:
Cyber and technology E&O
Material damage
Business interruption
Terrorism
Computer breakdown
Equipment breakdown
Equipment inspection service
Public and products liability
Directors and officers liability
Theft by employee
Legal expenses
Personal accident
The company said that the product gives clients more options and greater flexibility. Because it is modular in nature, it allows clients to pick and choose products, having as much or as little cover as they require.
Richard Coxon, head of U.K. underwriting commented, “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.”