Introducing primary tech E&O coverage by Mosaic Insurance.

March 8, 2024
1 min read

TLDR:

  • Mosaic Insurance has introduced a primary technology errors and omissions (E&O) product.
  • The coverage, with a capacity of up to $15 million, is backed by Mosaic’s Syndicate 1609 and syndicated capital partners.

Mosaic Insurance has expanded its offerings by launching a primary technology errors and omissions (E&O) insurance product for firms specializing in areas such as artificial intelligence, virtual reality, IT consulting, data analytics, and more. The coverage, with a capacity of up to $15 million, is backed by Mosaic’s Syndicate 1609 and a group of syndicated capital partners. Yosha DeLong, global head of cyber at Mosaic, emphasized the interconnected nature of cyber threats and liability associated with technology, highlighting the importance of offering primary tech E&O coverage in conjunction with primary cyber products on a global basis. The product is available through underwriting hubs in various locations, providing clients with a global blended product instead of solely an excess basis coverage.

James Tuplin, international head for cyber at Mosaic, emphasized the growing complexity and importance of technology in business, noting the increasing risks and costs associated with software failure. Mosaic, a hybrid specialty managing general agent, is partnered with Safe Security to integrate granular telematics into their cyber underwriting process. In addition to cyber coverage, Mosaic also offers underwriting for transactional liability, political risk, environmental liability, and more. The launch of this primary tech E&O product aligns with Mosaic’s efforts to meet the evolving digital risks faced by their clients and to provide comprehensive protection in an increasingly technology-driven world.

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