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26th April, 2006
CFC Underwriting Launches TechProtect Plus™
CFC Underwriting, the BIBA scheme provider of cyber-liability insurance, has today announced the launch of TechProtect Plus™, the first complete insurance package for the technology industry that combines general insurance with specialist cover.
For the first time, technology companies have access to a full a la carte insurance package that has been specifically designed for their needs by a technology insurance specialist. Cover includes:
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- Professional Indemnity
- Fidelity of employees
- Website damage
- Reputation/brand protection
- Property insurance
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- Business interruption
- Employers' liability
- Public liability
- Products liability
- Pollution liability
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Premiums start from as little as £1000 with limits of up to £5 million (£10 million for employers' liability).
Andy Holmes, Director of CFC Underwriting comments: "Technology companies face an ever-increasing level of exposure as the litigious nature of our society grows, yet less than half of them have any professional indemnity cover. TechProtect Plus™ makes it easy for brokers to help their technology clients update their cover to ensure they have specialist protection for their specialist needs."
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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