Zurich launches new insurance suite for technology companies

Zurich has launched a new set of coverage products for mid-sized technology companies, which it says addresses the needs of a sector growing faster than Canada’s economy overall.

The new suite of insurance offerings includes about 20 technology risk coverages based on the industry’s risk profile, with underwriters managing errors and omissions, property and casualty and foreign coverage.

The Zurich Technology suite includes:

• General liability coverage, including coverage for the insured’s own Internet and Multimedia services and automatic additional insured for multiple relationships
• Errors and Omissions and media liability policy endorsements designed for technology companies, including first and third party coverages for privacy and security
• Property coverage endorsements that incorporate original information property, research and development property and electronic vandalism coverage,  holistic data protection for almost any type of data, anywhere, including the costs to research and reconstruct
• Global capabilities for ensuring compliant coverage for technology companies with international operations as well as cross-border U.S. coverage, including workers compensation and auto

Zurich also said its expertise in managing complex global licensing laws and tax regulations is available to address those needs as companies expand internationally.