Skyward Specialty Insurance Group, Inc.™ (“Skyward Specialty” or the “Company”), a leader in the specialized property and casualty (P&C) market, announced that it will add a technology errors and omissions (E&O) liability insurance solution to its growing portfolio of professional responsibility. The coverage offers customized solutions for the unique exposures faced by technology companies.
Currently available solutions that combine Technology E&O and Cyber Liability present a growing problem in terms of more restrictive coverage, higher prices, higher retentions and less capacity available to customers.
“We have strong relationships in the marketplace and, based on feedback from our industry partners, recognized a growing and untapped capacity for technology responsibility,” he said.
Companies that offer cutting-edge services and products that are regularly evolving, such as technology, telecommunications, and Internet-based services companies, are prime candidates for Skyward Specialty’s E&O technology coverage.
“We have developed a solution designed to keep pace with the ever-changing risk profile of technology companies. Our E&O coverage is customizable and flexible to address their less tangible and less traditional risks,” said Mormile.
The addition of Technology E&O Liability to the professional liability portfolio follows several recent strategic additions to the portfolio, including cannabis and, more recently, employed attorney liability.
“As a business, we approach risk assessment, risk mitigation and delivering risk transfer solutions to our clients differently. We challenge all of our business leaders to design solutions around direct engagement with business partners,” he said.
Skyward Specialty’s E&O Liability technology will be market-ready from the start
About the Skyward Honor
Skyward Specialty is a rapidly growing specialty insurance company, offering non-admitted and admitted commercial property and casualty products and solutions. The Company operates through eight underwriting divisions: Accident & Health, Captives, Global Property, Industrial Solutions, Professional Lines, Programs, Surety and Transactional E&S.
Skyward Specialty subsidiary insurance companies consist of
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