Mosaic Insurance Expands Cyber Offerings with New Technology E&O Coverage

Mosaic introduces $15 million in primary technology errors and omissions coverage

Mosaic Insurance’s cyber division has expanded its product offerings with the introduction of primary technology errors and omissions (E&O) coverage. This new offering is designed to safeguard tech companies from rising liability risks, a continuation of Mosaic’s primary cyber product introduced last spring. The primary tech E&O coverage is now available globally as a blended product, whereas previously it was only offered on an excess basis.

Mosaic’s global head of cyber, Yosha DeLong, emphasized the importance of addressing cyber exposure in conjunction with technology-related liability. With a capacity of up to $15 million, the coverage can be accessed through underwriting hubs in various locations worldwide, including London, the US, Canada, Europe, and the UAE. This expanded product suite aims to assist clients in protecting themselves from the evolving digital landscape.

James Tuplin, Mosaic’s head of international cyber, who has extensive experience in underwriting, highlighted the increasing complexity of technology services and products and the growing risks associated with software failure. The addition of primary tech E&O coverage aligns with Mosaic’s commitment to providing comprehensive solutions to clients and partners.

Apart from cyber insurance, Mosaic underwrites six other lines of specialty business: transactional liability, political risk, political violence, environmental liability, financial institutions and professional liability. This diverse range of offerings reflects Mosaic’s dedication to meeting the unique needs of its clients and providing comprehensive coverage across various sectors.

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