Jensten Underwriting partners with Hiscox to launch new technology product

Jensten Underwriting has partnered with insurer Hiscox to launch a new product that offers technology businesses specialist cover.

A statement released yesterday (6 June 2023) said the solution had been designed to meet the needs of businesses from telecom service providers through to software developers, cloud service companies, IT consultants, staffing and training businesses.

Firms will be able to access the product through brokers working with the technology sector.

Simon Taylor, Jensten Group wholesale managing director, said: “We are delighted with the launch of this timely – and specialist – technology product, the result of effective collaboration between our product development team and a key insurer partner.

“The initiative enables Jensten Underwriting to offer a best-in-class product via our broking partners to this vital and fast-growing sector.”

‘Competitive advantage’

The new product includes cover for professional indemnity incorporating breach of contract, wide intellectual property infringement, cyber and extensions for legal defence, sub-contractors and negligence.

Taylor said new innovations were enabling Jensten Underwriting to “attract more and more brokers to trade with us”.

“Bolstering our existing expertise in the technology sector with additional products such as this adds to our toolkit, offering our broker partners a real competitive advantage by giving their clients the flexible, comprehensive cover they need,” he added.