Smart Commercial Insurance Products
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 Corvus Scan® 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 Smart Insurance Coverage:
Smart Cyber Insurance
Smart Tech E+O™
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Appetite
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Primary risks earning up to $2B in gross annual revenue
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Excess risks earning up to $2B in gross annual revenue
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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
Appetite
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Risks earning up to $1B in gross annual revenue
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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
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:
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Network Security and Privacy Liability
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Regulatory Investigations, Fines, and Penalties
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Media Liability
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PCI DSS Assessment Expenses
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Breach Management Expenses
First-Party Coverages:
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Business Interruption
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Contingent Business Interruption
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Digital Asset Destruction, Data Retrieval, and System Restoration
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System Failure
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Cyber Extortion and Ransomware
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Breach Response & Remediation Expenses
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Social Engineering & Cyber Crime
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Reputational Loss
Endorsements:
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Bricking Coverage
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Invoice Manipulation
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Forensic Accounting Coverage
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Bodily Injury
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Criminal Reward Coverage
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Preventative Shutdown
*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