At-Bay, the insurance company for the digital age, today announced a Miscellaneous Professional Liability (MPL) extension capability to their current Technology E&O policy. The MPL endorsement allows At-Bay to serve more businesses by expanding coverage to include the miscellaneous professional services that technology companies may offer outside of their primary business.
“As technology continues to be integrated with traditional products and services, businesses run the risk of coverage gaps between their E&O policies and their true E&O risks. We developed this MPL extension to address those gaps and provide a comprehensive solution to clients who offer additional services alongside their core technology,” says Michael Drummond, Tech and Cyber Product Head at At-Bay.
At-Bay’s MPL endorsement is available for their Tech E&O product, which features some of the broadest breach of contract and IP infringement coverage in the market. The product offers up to $10 million in limits for companies with up to $5B in revenue and is available in all 50 states.
All At-Bay policyholders receive ongoing cyber security scanning and risk management services to detect and avoid threats to their organization throughout the lifetime of the policy. If a vulnerability is found, At-Bay’s Security Services team immediately notifies the insured and provides recommendations on how to mitigate the risk.
At-Bay is the insurance company for the digital age. By combining world-class technology with industry-leading insurance expertise, we designed an insurance company from the ground up that empowers businesses to thrive in the digital world. As a Managing General Underwriter (MGU), At-Bay underwrites insurance policies through HSB Specialty Insurance Company, rated A++ by A.M. Best Company and part of Munich Re. At-Bay is backed by Acrew Capital, Khosla Ventures, Lightspeed Venture Partners, M12, Munich Re Ventures and Shlomo Kramer. www.at-bay.com