CFC Underwriting revamps its offering for technology companies and includes cyber cover as standard
Specialist MGA CFC Underwriting has updated its proposition for technology companies. It will also provide policyholders with cyber cover as standard.
The upgraded cover will include unambiguous cover for breach of contract. It will also include a clear allocation of future recoveries and an updated waiver of subrogation condition.
The product will include cover for bodily injury and property damage, cover for alleged infringements of intellectual property and it will not have a refund of fees exclusion.
CFC head of emerging risk Matthew Taylor commented: “Our revamped product delivers next generation cover for next generation companies. The risks faced by tech businesses are changing as rapidly as technology itself and insurance policies have to evolve to reflect this.
Taylor continued, “Having consulted with our broker partners and their clients, we’ve introduced some major enhancements to our existing product and we’re confident that CFC offers technology companies a well-rounded policy that truly meets their needs.”
CFC’s cyber cover ranked top in the Insurance Times Cyber Product Report 2017.