Jensten Underwriting is pleased to announce our new technology product launch designed to provide cutting-edge cover for technology businesses across the UK.
Offered to Jensten Underwriting’s broker partners and created in conjunction with leading insurer Hiscox, this exciting development offers transparent wording and market-leading cover. This flexible protection includes wide breach of contract coverage, providing professional indemnity when needed most, and fulfilling the requirements of the complex and fast-changing technology market, estimated to be worth over £1trn in the UK alone.
Simon Taylor, Wholesale Managing Director, commented, “We are delighted with the launch of this timely, and specialist, technology product, the result of effective collaboration between our product development team and a key insurer partner. The initiative enables Jensten Underwriting to offer a best-in-class product via our broking partners to this vital and fast-growing sector.
“Bolstering our existing expertise in the technology sector with additional products such as this adds to our toolkit, offering our broker partners a real competitive advantage by giving their clients the flexible cover they need. It is innovations such as this that are also enabling Jensten Underwriting to attract more and more brokers to trade with us”.
Combining A New Product With Established Expertise
Jensten Underwriting’s reputation for quality underwriting is well-known, with specialists who understand the challenges of the tech sector. It demonstrates Jensten Underwriting’s innovative approach and commitment to supporting brokers in a range of sectors. The product has been created to suit a wide range of businesses, including:
- SaaS, PaaS, DRaaS, IaaS or other “as a service” companies
- Software developers, including blockchain
- IT consultants, staffing and IT training
Most brokers will have clients in these sectors that may not have the widest cover available and who could be subject to cyber-attacks. This product creates a level playing field in terms of access to market-leading cover.
It provides cover for professional indemnity and doesn’t restrict cover in the way many in the market do, including breach of contract, wide intellectual property infringement, cyber as well as extensions for sub-contractors and negligence.