Resilience, a leading cyber risk solution company, specialising in cyber risk management, technology insurance, and enterprise risk software, has expanded its appetite for Technology Errors & Omissions (Tech E&O) insurance to mid-market clients in the US, UK, and EU.
The expansion comes in response to growing demand from technology companies of all sizes seeking protection against financial losses arising from cyber threats, operational errors, and professional omissions, according to FF News.
The new offering allows businesses to access necessary risk transfer coverage, helping them mitigate potential financial impacts from both cyber incidents and technology-related errors.
The new product offers up to $10m in Tech E&O coverage for clients with more than $25m revenue in the US, GBP50m in the UK, and EUR25m in the EU, building on Resilience’s existing partnership with Lloyd’s.
The blended coverage addresses both cyber liability and technology operational risks in one streamlined policy, ensuring businesses are protected from data integrity breaches, operational downtime, confidentiality threats, and unintentional errors or omissions in their products or services.
Resilience’s Tech E&O and cyber insurance work together with the company’s proprietary Resilience Edge Solution software, portfolio-wide data, and Risk Operations Center (ROC) insights. This enables continuous monitoring and management of emerging threats, better risk quantification, and prioritised risk mitigation. Experienced underwriters, senior in-house claims counsel, and security engineers ensure that clients receive accurate coverage and responsive incident management, optimising outcomes across all stages of a claim.
Since its initial launch in 2024 for clients with more than $300m in revenue, Resilience has quickly built a roster of tier-one technology clients. The success of this initial offering has paved the way for the company to extend its services to smaller and emerging technology firms, responding to growing market demand and the rise of AI investment across sectors.
Resilience CEO Vishaal “V8” Hariprasad said, “As a provider of enterprise-class risk control software, we are acutely aware of the risks inherent in bringing new technology products to market. We connect our cybersecurity and technology expertise with senior underwriting and in-house claims handling to offer clients superior loss control.”
Resilience President of Insurance George Kotsiopoulos said, “Since launching our Tech E&O offering in 2024, we have seen tremendous enthusiasm and adoption of our approach to technology risk management. Brokers know that when they bring a technology company to us, we understand those needs more deeply than other providers because of the sheer amount of tech and security expertise in house.”
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