Resilience, a company that offers cyber risk solutions, has extended its technology errors and omissions (tech E&O) insurance to serve more businesses in the US, UK, and EU. The updated policy now covers clients with revenues over $25 million in the US, £50 million in the UK, and €25 million in the EU. This expansion builds on Resilience’s earlier launch this year, which targeted companies with revenues exceeding $300 million.
The insurance is designed to protect technology firms from financial losses linked to cyber risks and mistakes or oversights in their products and services. As technology grows and more companies rely on it, the need for this type of coverage has become clear. Nearly every business these days uses some form of technology that could be exposed to risks like downtime, data loss, or breaches of confidentiality.
What sets Resilience’s offering apart is its blended coverage. It combines cyber liability and technology operational risk under one policy. This integrated approach helps companies cover overlapping dangers without juggling multiple insurance plans. The coverage also works hand in hand with Resilience’s loss-prevention tools and shared protection strategies to give clients a well-rounded defense.
This move comes at a critical time when investment in artificial intelligence and other tech advancements is rising quickly. More businesses than ever face risks around their technology products, making strong insurance an important safety net. Resilience’s latest step means more companies can access this protection and better guard themselves against unexpected setbacks.
The policy expansion is made possible through Resilience’s partnership with Lloyd’s, a major player in the insurance market. Together, they aim to provide tech firms with reliable coverage that matches today’s fast-changing digital world.