Smart Commercial Insurance

Products built on advanced data science, with an AI-driven approach to empowering brokers and policyholders to better predict and prevent loss.

 

Product Features & Highlights:

Broad Coverage & Accurate Pricing

Our proprietary underwriting process leverages data insight, AI, and machine learning to provide broad coverage with accurate pricing.

 

Faster Quoting

We have the shortest application in the industry, delivering quotes within minutes for most accounts. Our underwriting team is known as the best in the business.

 

Loss Prevention for Every Policy

Every policy comes with a Dynamic Loss Prevention report that provides prioritized IT vulnerabilities and ongoing cyber threat monitoring and risk alerts to ensure that brokers and policyholders are informed of emerging risks.

 

Expert, In-house Incident Response

Our in-house, dedicated breach response and cyber claims teams work with you throughout the life cycle of the claim and can assist with the engagement of vetted and trusted partners such as breach counsel and forensics firms to ensure success.

Read more about our lines of coverage:

Smart Cyber Insurance

Smart Tech E+O

Smart Cargo + Cyber

Get Appointed

[DIAGRAM] Corvus: A Smarter Approach to Insurance

 

 

Smart Cyber Appetite

 

Appetite

  • Primary risks earning up to $2B in gross annual revenue

  • Excess risks earning up to $2B in gross annual revenue

  • Limits up to $10M

We cover most risk classes, including Healthcare, Retail, Financial Institutions, Education, Professional Services, Life Sciences, Manufacturing, Construction, and more. See exceptions

Start Quoting

 

Smart Tech E+O Appetite

 

Appetite

  • Risks earning up to $1B in gross annual revenue

  • Primary limits up to $10M

Most technology-based services companies are eligible including IT Consultants, Prepackaged/Custom Software Developers, Application Service Providers/SaaS, Value Added Resellers/Hardware Resellers, Data Analytics, IT Staffing, and more. See exceptions

Start Quoting

Cyber and Tech E+O Coverage

 

The art of underwriting complex risk should never lose its human touch. While much of our underwriting process is automated through risk models built by our Data Science team, we understand that certain cases require expert review. Our Underwriting Team has decades of experience in Cyber and Tech E&O, so no matter the size or distinctiveness of the business, you can be sure the quote you’re getting has been developed with care.

Third-Party Coverages:

  • Network Security and Privacy Liability

  • Regulatory Investigations, Fines, and Penalties

  • Media Liability

  • PCI DSS Assessment Expenses

  • Breach Management Expenses

First-Party Coverages:

  • Business Interruption

  • Contingent Business Interruption

  • Digital Asset Destruction, Data Retrieval, and System Restoration

  • System Failure

  • Cyber Extortion and Ransomware

  • Breach Response & Remediation Expenses

  • Social Engineering & Cyber Crime

  • Reputational Loss

Endorsements:

  • Bricking Coverage

  • Invoice Manipulation

  • Forensic Accounting Coverage

  • Bodily Injury

  • Criminal Reward Coverage

  • Preventative Shutdown

 

Smart Cargo Insurance

 

Smart Cargo policies utilize IoT sensor data and advanced risk modeling to provide better pricing and enhanced coverage for shipments. 

Start Quoting

Our Comprehensive, All Risk Form Includes:

  • Warehouse to Warehouse

  • World to World Insurance (except where prohibited by law or regulation)

  • Contingent Insurance

  • Deliberate Damage – Pollution/ Customs

  • Concealed Damage

  • Full Value Reporting

  • Shortage from Containers

  • Drop Shipments

  • Consolidation Coverage

Coverage:

  • Affirmative Cyber Coverage - an

    an industry first in Ocean Cargo

  • Ocean/Air Transit

  • War/SR&CC

  • Domestic Transit

  • Location Extensions –(Warehouse/Processing)

  • Salesperson’s Sample

  • Exhibition/Trade Shows

Target Classes:

  • Life Sciences

  • Food/Drink

  • Perishable/Nonperishable

Industry Segments:

  • Warehouse to Warehouse

  • World to World Insurance (except where prohibited by law or regulation)

  • Contingent Insurance

  • Deliberate Damage – Pollution/ Customs

Enhanced Coverage for Perishable Products:

  • Spoilage

  • Refrigeration

  • Net Profit and Extra Expense on Product While at Processor

  • Product Deterioration on
    Goods While at Processor

*Industries excluded from Cyber coverage include: Casinos/gambling risk, Colleges/universities, Cannabis-related risks, Pornographic/adult content related sites, Social media/networking (websites relying on user-generated content, blogs, chat rooms, and online networking forums)
Payment processors

*Industries excluded from Tech E+O coverage include: Social Networking Websites, Chat-rooms/Blogs/Message Boards, User-Generated Content Websites (i.e YouTube), Online Dating Websites, Gambling, Adult Content, Video Game Developers, Aviation Software, Microchip Manufacturers, Cryptocurrency/Bitcoin