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Sovereign’s Intellect offers customers solutions for today’s
evolving technology industry. Our seasoned team of technology insurance
specialists prides itself on being creative, flexible and responsive.
Their expertise, global capabilities and entrepreneurial style
allows us to shape tailored protections to meet each customer’s
specific needs.
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| Intellect
Protection |
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Our new IT Product has been
specifically developed to provide “one stop shopping” for
mid-market information technology businesses.
Target Risk Groups
- Hardware Design, Manufacturing and Assembly (computer
and telecommunications)
- Software Design (development and integrators)
- Telecommunications (local exchange carriers and service
providers)
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| Coverage at a Glance |
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Property Coverage
Direct damage:
- Electronic Data and Records Restoration Costs
- Embedded Equipment Breakdown cover
- Functional Replacement Cost with same Site Restriction
removed
- Transit by vehicle, aircraft or watercraft
- Service Interruption
- Land and Water Pollution
- Worldwide Exhibition Cover
- 180 Days Newly Acquired Locations
Business Interruption:
Profits form with automatic additional
25% limit cushion including
- Research and Development
Activities
- Worldwide Contingent Business Interruption
- Ordinary
Payroll
- Extra Expense
- Denial of Service
Attack
Cyber Risk Coverage (Direct Damage and Business Interruption):
- Specific
Attack
- Random Attack
General Liability
- Occurrence basis form with Products/Completed Operations
Aggregate
- Worldwide territory
- Advertising Injury
- Products
Recall Expense
- Broad Form Vendors extension
- Additional
Insured by contract, agreement or permit
- 180-Day
automatic coverage for newly- owned corporations
Errors & Omission Liability
- Claims-made basis
- Worldwide territory-Losses
occurring anywhere, suits brought anywhere
- No exclusion
for "Cost of Contract"
- Automatic 60 day
Extended Reporting Period
- Six-Year Discovery Period
Available extensions:
- Security Breach by Third parties
- Delay
in Performance
- Delay in Delivery
Worldwide Coverage
- Ability to secure local foreign admitted placements
- Ability
to globalize package policies to act as primary cover where
no admitted coverage is permissible
Our total solution also includes:
- Crime (Enhanced Comprehensive 3-D form)
- Commercial
Auto
- Commercial Inland Marine
- Umbrella
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To
find out more download the Intellect
Fact Sheet (PDF Format - 901
Kb) |
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