SafeTech
Technology E&O & Cyber Liability
A broad, adaptable suite of coverages built for the businesses enabling the digital economy — from software and SaaS providers to cloud infrastructure and hardware companies.
Overview
Technology companies across the application, cloud, infrastructure, and hardware layers face an expanding mix of professional liability, system failure, and privacy risks — while litigation is only beginning to accelerate. SafeTech delivers a broad, adaptable suite of coverages for the businesses enabling the digital economy.
- Broad appetite for providers of technology products and services (incl. hardware)
- Limits up to $5 million
- Market-leading privacy/regulatory coverage grants
- Expert incident response team
- War/hostile action carve back for attacks on a single enterprise
- Add-ons: Wrongful collection up to $250k, Contingent Bodily Injury & Property Damage up to $250k
- $3,500 minimum premium for $1 million limit
Broker Takeaway: The adoption of artificial intelligence and other means of automation is blurring the lines between cyber and professional liability. Any business with customer-facing technology should consider a comprehensive cyber and tech policy.
Target Classes
In Appetite
- Artificial Intelligence (except model publishers)
- Cloud Infrastructure & Storage
- Cybersecurity
- Data & Analytics
- Device Manufacturers
- HR Technology
- IoT
- Messaging & Telecom
- Robotics
- SaaS
- Software Development / Enterprise Software
- Web Services
- Digital Media & Entertainment
- Fintech*
- Healthcare*
- Insurtech*
*Fintech, Healthcare, and Insurtech are considered case by case.
Out of Appetite
- Adult Entertainment
- Biotechnology / Life Sciences
- Blockchain Technology
- Cannabis / Cannabinoids
- Cryptocurrency
- Educational Institutions
- Financial Institutions
- Medical Devices (Implantable / Clinical Stage)
- Online Gaming
Coverage
SafeTech combines three coverage parts — Cyber, Errors and Omissions, and Media — into a single, adaptable policy.
Errors and Omissions Coverage
Omnibus professional services definition spans products and services, with full prior acts coverage and duty to defend.
Unintentional Contractual Breaches
Coverage for unintentional contractual breaches arising from technology services.
Software Code Infringement
Responds to covered allegations of software code infringement.
Network Security & Privacy Liability
Coverage for defense expenses, damages, fines, penalties, or sanctions arising from network security failures or privacy and data breach claims.
Privacy Regulatory Liability
Coverage for regulatory investigations, defense costs, fines, and penalties related to a covered cyber event.
PCI Fines and Assessments
Coverage for fines, penalties, and assessments arising from PCI DSS non-compliance following a payment card data breach.
Incident Response and Crisis Communications
Coverage for incident investigation and remediation, breach advisory, notification, and public relations expenses.
Cyber Extortion
Coverage to investigate, negotiate, and remediate ransomware threats and pay ransom demands.
Digital Asset Restoration
Coverage to recreate or restore data, software, or firmware which has been corrupted or damaged.
Bricking
Coverage to repair or replace computer hardware which has been rendered inoperable.
Business Interruption (incl. system failure)
Coverage for lost income and extra expenses resulting from a network security failure or system outage, including failures not caused by a malicious attack.
Dependent Business Interruption (incl. system failure)
Coverage for lost income resulting from a security failure or system failure at a vendor or third-party provider.
Reputational Loss
Coverage for lost income caused by damage to the business's reputation following a data breach or ransomware attack.
Cyber-Theft
Coverage for financial losses caused by fraudulent use of computer systems or telephone systems.
Loss Prevention Extension
Coverage to support proactive risk mitigation and loss prevention services.
Media Coverage
Media Content means the content of any publication of any kind. Covers defamation, privacy, and intellectual-property allegations, including IP exposures tied to content the business publishes or broadcasts.
SafeTech Program Details
Minimum Premium
$3,500 for a $1 million limit
Limits
Up to $5 million
Add-Ons
Wrongful Collection up to $250,000
Contingent Bodily Injury & Property Damage up to $250,000
War/Hostile Action
Carve back available for attacks on a single enterprise
Submission Requirements
- Completed cyber/tech E&O application (we accept most carriers' applications)
- Currently valued loss runs (current plus three prior years, can be waived with new business loss history questions)
- When requesting a quote, please be sure to include the date a quote is required and the expiring and/or target premiums
Please send submissions to: cybersubmission@bdi.global
Contact Us
President
Michael Lamprecht
mikel@bdi.global
Underwriting Manager
Victoria Wasiunec
victoriaw@bdi.global
