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1st March, 2007
CFC Underwriting launches TechProtectPlus™ in Canada
In response to broker demand, specialist underwriting agent CFC Underwriting has brought its highly successful TechProtectPlus™ policy to the Canadian market.
TechProtectPlus™ Canada is a complete insurance package for the Canadian technology industry that combines general insurance with specialist cover. Technology companies - including those with US exposure - can now access an à la carte insurance package specifically designed for their needs by a technology insurance specialist.
Andy Holmes, Director of CFC Underwriting, explains: "Canadian technology companies have suffered from a lack of choice in the past and many have had to accept inadequate cover and poor service simply to get some form of insurance protection in place. E&O cover for US exposures in particular has been woefully inadequate. Our broker partners in Canada have been crying out for a package that allows their technology clients to access a cost-effective quality product backed by a team of people that provide a quality service."
"We're proud to bring TechProtectPlus™ to the Canadian market, making it easier for brokers to help their technology clients ensure they have the broadest possible cover designed for their specialist needs at a competitive price."
TechProtectPlus™ Canada cover includes:
- Extremely broad errors and omissions cover
- Cover for claims made in the United States as standard
- No cost guarantee exclusion, inherent defects exclusion or virus exclusion
- Commercial General Liability with Employee Benefits Liability, TLL, Non-Owned Auto, Damage to Hired Autos, and Medical Expenses extensions included automatically
- Commercial property and business interruption cover specifically written for technology companies
TechProtectPlus™ Canada is a modular policy, allowing brokers to tailor the coverages required to the specific needs of their individual clients. Premiums start from as little as CAD 1,000 and CFC Underwriting is able to offer limits of up to CAD 10 million.
With producing brokers in over 20 countries around the world, CFC Underwriting is known for providing its partners with innovative insurance solutions, specialist expertise and unrivalled service levels. CFC Underwriting was appointed to the British Insurance Brokers Association (BIBA) Schemes programme as the exclusive provider of cyber-liability and e-risk insurance in 2004.
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