Cyber Insurance for Technology and Life Sciences
Mitigate cyber risks: Protect your business with Travelers CyberRisk Tech coverage.
Technology is essential for most businesses to remain competitive, but advancements in technology can introduce risks, including cyber threats and losses arising from errors and omissions (E&O). A cyber event or E&O claim can result in operational disruptions, reputational damages and financial losses. The impacts can be far reaching, including harm to customers and the wider tech industry.
As global risks evolve, it’s crucial for technology and life sciences companies to partner with an insurance provider that has deep experience in their industry and understands the challenges facing their businesses. Travelers CyberRisk Tech coverage offers tailored insuring agreements, including E&O, along with expert risk services, to meet their needs.
CyberRisk Tech coverage advantages
CyberRisk Tech offers broad and scalable protection options – businesses can choose cyber protection, E&O protection or both.
E&O coverage helps address the costs incurred by a company resulting from allegations of errors, omissions or negligent acts in the performance of its services. Beyond E&O, CyberRisk Tech includes:
- Breach response coverages
- Cybercrime coverages
- Business loss coverages
These first-party coverage options help cover the costs of forensic investigations, litigation expenses associated with a cyber event, crisis management expenses, business interruption and cyber extortion.
Services and expertise that come with CyberRisk Tech.
Travelers CyberRisk Tech helps businesses reduce the risk of a cyberattack and best manage incidents if they do occur, with proactive pre-breach and post-breach services available at no additional cost.
Pre-breach: Preparation is the key to mitigating a potential cyber-related event.
Travelers pre-breach services provided by HCLTech, a global leader in cybersecurity solutions, help organizations achieve a higher level of cybersecurity. These services provide risk assessment, a one-on-one consultation with a cybersecurity professional, training tools and videos to educate employees, a helpline and access to ongoing consulting services to help keep businesses protected.
Post-breach: Achieving peace of mind with expert guidance.
Travelers post-breach services guide organizations throughout the process by partnering them with expert Claim specialists and a cyber breach coach, an outside attorney experienced in security and privacy compliance issues who helps navigate the company’s response and recovery and connects them with third-party forensics investigators, crisis communications professionals and other essential services following a cyber event.
Consult your insurance agent about cyber insurance for technology and life sciences.
In the fast-paced world of technology and life sciences, protecting your business from risks is essential. CyberRisk Tech offers coverage options, including technology E&O and expert services designed to meet your unique needs.
Reach out to your insurance agent or a Travelers representative to learn more about CyberRisk Tech coverage for technology and life sciences companies.
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