HUB International Limited, a leading North American insurance broker, has introduced an integrated suite of insurance products designed to bring middle market technology companies the coverage enhancements and options that have been historically only available to large corporate clients.
Known as HUB Technology Solutions, the new product suite has been developed by HUB and CNA in response to industry demand for broader and more flexible coverage options.
HUB Technology Solutions is intended for multiple segments of the technology industry including manufacturers of electronic products, providers of telecommunication, Internet and application services, and distributors of electronics.
“Working with leading carriers like CNA enables us to offer customized solutions within specific industry segments,” said Julie Zimmer, Vice President of Sales and Middle Market Segment Leader. “We are enhancing the level of consultative services we provide to middle market clients through peer group analysis of risk exposure and claims experience. By sharing data that is specific to their industry, we can help clients determine the optimal insurance and risk management solution. We then pair that with a bundled coverage plan that specifically addresses those needs.”
“At CNA, we are dedicated to providing an integrated and seamless insurance solution for technology companies,” said John Wurzler, Vice President of Technology Underwriting, CNA. “Our dedicated program for technology companies combines decades of specific industry expertise, an ‘A’ rating for financial strength, world-class risk control services and a best-in-class reputation for claim handling to provide insurance solutions for all types of technology businesses.”
HUB Technology Solutions is tailored to the needs of technology companies and offers a wide range of coverage options including:
- Industry-specific property endorsements covering research and development restoration expenses;
- Management liability coverage on a multi-line package or standalone basis for employment practices, D&O and fiduciary liability;
- Comprehensive general liability, automobile, workers’ compensation, and umbrella coverage;
- Information risk and first- and third- party cyber coverage;
- Errors & Omissions coverage that can be coordinated with general liability and cyber coverage;
- International coverage available in 100 countries.
Optional coverages are also available, including personal & advertising injury extension, electronic data liability, and an eco-care property endorsement that provides for green upgrades to buildings and contents damaged as a result of a covered loss.
For more information about HUB Technology Solutions, visit www.hub-technology.com.
HUB International Limited is a leading insurance brokerage providing a broad array of property, casualty, risk management, employee benefits, investment and wealth management products across North America. HUB is dedicated to helping businesses and individuals manage their insurance needs and plan for the unforeseen. For more information, visit www.hubinternational.com.