Smart Tech E&O
Our data-enabled Smart Tech E&O product offers broad first-party and third-party coverage for technology services, technology products, and professional services. It includes Smart Cyber Insurance coverage with a Dynamic Loss Prevention™ report that provides detailed IT security recommendations, access to our Risk & Response services for proactive risk management, and ongoing vulnerability alerting.
Smart Tech E&O Features
Our proprietary underwriting process leverages data insight, AI and machine learning toto quote coverage for most accounts within minutes, while providing our experienced underwriting team with tools and insights to work on complex risks.
Online Broker Platform
Corvus's broker platform, the CrowBar, optimizes quoting with the shortest application in the industry, enabling brokers to request and receive quotes within minutes for most accounts. The CrowBar provides brokers with instant access to extensive resources, including a risk management portal for cyber education and training.
Policyholders receive a Dynamic Loss Prevention report quarterly that highlights prioritized IT vulnerabilities and access to a customized vCISO report for operational cybersecurity insight. Ongoing cyber threat monitoring and risk alerts ensure that brokers and policyholders are informed of emerging risks.
A digital claims experience improves access and visibility to the claims process. Our dedicated breach response and cyber claims teams work with you throughout the life cycle of the claim and can assist with the engagement of vetted and trusted partners such as breach counsel and forensics firms to ensure success.
Comprehensive + Flexible Coverage
The art of underwriting complex risk should never lose its human touch. While much of our underwriting process is automated through risk models built by our Data Science team, we understand that certain cases require expert review. Our Underwriting Team has decades of experience in Cyber, Cargo, and Tech E&O, so no matter the size or distinctiveness of the business, you can be sure the quote you’re getting has been developed with care.
- Network Security and Privacy Liability
- Regulatory Investigations, Fines and Penalties
- Media Liability
- PCI DSS Assessment Expenses
- Breach Management Expenses
- Technology and Professional Services E&O
- Business Interruption
- Contingent Business Interruption
- Digital Asset Destruction, Data Retrieval and System Restoration
- System Failure
- Cyber Extortion and Ransomware
- Breach Response & Remediation Expenses
- Social Engineering & Cyber Crime
- Reputational Loss
- Bricking Coverage
- Invoice Manipulation
- Forensic Accounting Coverage
- Bodily Injury
- Criminal Reward Coverage
- Preventative Shutdown
Most technology-based services companies are eligible, including:
- Technology services companies
- Technology products
- Professional services companies
- and more
Exempt classes include: Social networking websites, chat-rooms/blogs/message boards, user-generated content websites (i.e YouTube), online dating websites, gambling, adult content, video game developers, aviation software, microchip manufacturers, cryptocurrency/Bitcoin
Data drives Corvus – and that includes the claims experience. With our digital platform, the CrowBar, brokers and policyholders get instant access to claims information.
When a Smart Cyber Insurance claim occurs, the Corvus claims team works closely with the policyholder as well as with our risk-taking partner Crum & Forster Insurance. Crum & Forster has more than 500 claim professionals nationwide, with specialized expertise in Cyber and Technology E&OClaims are initiated through a breach coach, who is available 24/7.
As part of the breach response, our Data Science team gathers Corvus Scan data on the impacted IT system one week and one month before the claim. The Corvus team advises the policyholder on how to improve IT security, providing specific recommendations directly related to the claim.
Before a claim ever occurs, we offer policyholders a number of opportunities to improve their cybersecurity, with free features such as our digital vCISO experience and phone consultation with Corvus experts, plus reduced-cost offerings from partners. Learn more about our standard services and enhanced services for larger accounts.
Want to get quoting with Corvus? Drop us a line and we will set you up on our platform, the CrowBar®, for automated quoting.
If you’re already a user of the CrowBar, click here to log in.
If you’d like to notify Corvus of a claim, please email email@example.com.
If you have any other questions about our products, coverage and appetite, let us know and our underwriting team will respond within one business day.