CNA Hardy launches enhanced cover for tech

CNA Hardy has expanded its specialist technology product suite.

The specialist commercial insurance provider said the new Technology Package+, which launched on 1 January, is an updated, comprehensive suite of coverages, including advanced cyber cover tailored to the needs of technology businesses.

It builds on CNA Hardy’s existing Technology Package product and has a more enhanced cyber offering compared to what currently exists in the UK general insurance market.

The product covers technology businesses of all sizes, from small tech startups to large multinational corporations, and offers a broad risk appetite and capacity for up to £10 million for professional liability cover.

It’s suitable for businesses in software, hardware, services and telecommunications, as well as those in micro segments such as fintech, defence, medtech and insurtech.

Mark Armstrong, UK technology segment leader at CNA Hardy, commented: “With more than one million technology professionals in the UK alone, CNA Hardy has created an insurance policy that is responsive, relevant and up-to-date.

“We have to provide clients with risk transfer mechanisms and peace of mind—our enhanced Technology Package+ solution offers a clearly-worded, unambiguous policy with a bigger focus on cyber coverage, which will allow our technology customers to continue to do what they do best—innovate and grow.”

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Mark Dugdale