The recent exclusion of technology risks by commercial insurers has created a coverage gap that urgently needs to be addressed, according to Safeonline.
"Everytime one of your employees sends an email, your company could be facing financial ruin. Why?
Because many standard commercial policies now contain exclusions that explicitly invalidate coverage for risks in relation to the use of technology, leaving thousands, if not millions, of pounds worth of companies' data and intellectual property exposed," said Safeonline's Stuart McMillan.
The problem is that new wordings exclude damage to electronically held data, including to that held on the company website.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
