As the pace of technological change continues to increase, technology firms need to have insurance that matches their evolving risks. Jensten Underwriting has partnered with leading insurer Hiscox to offer UK tech businesses this innovative, vital cover.
Jensten SME offers online quotes and point-of-sale documentation. The Technology product offers cover for Professional Indemnity, Liability, Property, Cyber, and D&O catering for businesses that sell goods and services in relation to Information Technology.
Features & Benefits
- Key persons cover
- Full suite of covers available
- Does not have a Contract delay exclusion
- Broad appetite with very few decline trades
- Limits of indemnity available up to £5,000,000
- Professional indemnity cover is available worldwide (excluding USA/Canada) for UK-based businesses
- Broad and clear breach of contract cover, which is undefined and not restricted to unintentional breach or written contract only breaches
- Wide intellectual property cover extending for trade secret misappropriation and patent infringement (excluding USA/Canada)
- In-house Tech PI claims service, including five legally trained claims Underwriters
Who the product is suitable for:
- Commercial businesses domiciled in the UK wishing to arrange protection for their business
- Companies working in the Technology sector, including analytics, consultancy, development, installation, retail, repair, maintenance, management & web services
- Those with established businesses as well as those who have just started
- Companies with Turnover up to £5,000,000, Property to be insured up to £2,500,000 and Contents up to £500,000
Who the product is not suitable for:
- Price Comparison Websites
- Companies not domiciled in the United Kingdom, the Channel Islands, or the Isle of Man
- Premises based outside the United Kingdom, the Channel Islands, or the Isle of Man
- Property Cover for IT Hardware Design, Computer or IT Hardware Manufacturers & Assembly
- Professional Indemnity Cover for Data Aggregators, Data Warehouses, Payments Card Processors, Social Media Sites
- Cyber & Data Cover for Data Aggregators, Data Analytics, Data Warehouses, Payments Card Processors, Social Media Sites