Specialist insurance provider CFC has announced revamped policies for tech and media companies. The retooled policies provide comprehensive cover for the exposures these companies face and eliminate the need for multiple policies, CFC said.
“Technology has changed the way we communicate, how we share and consume information, how we work, how we entertain ourselves, even how we meet other people,” said Michael Brunero, head of tech, media and IP at CFC. “Tech and media companies themselves have changed, and a host of new businesses are emerging, from online influencers and vloggers to digital content creators. The exposures they face aren’t as clear-cut as they were even a decade ago, and yet our industry often continues to provide cover based on policies created over 20 years ago. These companies have a combination of exposures and are in need of one policy that can meet their varied needs.”
CFC’s revised policy workings cover a full range of exposures faced by these companies. Developments include:
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“We’ve used our 20 years of experience and our expertise in emerging risk to design policies that cover the entire exposure spectrum for the modern tech and media companies of today and are proud to be at the forefront of changing the way the insurance industry provides cover that works for the digital world,” Brunero said. “The range of scale of these businesses is huge; they reach into every part of day-to-day life, and they’re only going to increase their reach as the world becomes increasingly digitalised. Our new wordings provide simple and sophisticated cover that allows for these businesses’ insurance needs to be seamlessly catered for under one policy that they can understand.”