Enhanced Tech E&O highlights
- Bindable quotes available instantly for a wider range of small technology businesses through our Broker Platform and API
- Intuitive application ensures no time wasted by only asking for relevant information
- Simple yes/no questions for risk controls with quotes still provided no matter how risk-control questions are answered
Today, we’re launching an enhanced Tech E&O experience that enables brokers to get a bindable quote in less than two minutes. We’ve expanded our appetite, made our application more intuitive, and simplified our questions to make getting a Tech E&O quote easier than ever.
Broader appetite, better underwriting technology
Brokers can get firm quotes for small technology businesses, including those in classes that are often more difficult to underwrite. We’ve minimized the referral conditions in our underwriting technology to cut down on immediate disqualifiers, bottlenecks, and conditional quotes.
Now, brokers can get straightforward, bindable terms to present to insureds directly from our Broker Platform.
We can provide instant, bindable quotes for a wide range of technology businesses up to $25 million in revenue. And as part of our expanded appetite, five new classes of business are eligible for auto-quotes if under $5 million in revenue:
- Emergency notification
- Financial software
- Healthcare/medical software
- Data destruction/e-recycling
- Business process outsourcing
Bindable Tech E&O quotes are available instantly on our Broker Platform. Larger submissions can be quickly reviewed and quoted by an underwriter with just 5 risk-control questions.
For more information, check out our complete Tech E&O Appetite Guide.
Intuitive application ensures no time wasted
Most Tech E&O applications are overly exhaustive with time-consuming questions. We understand that brokers often need quick quotes and don’t want to waste valuable time answering dozens of questions across multiple applications.
We’ve found new ways to assess risk and make decisions with less information. That’s what makes our Tech E&O experience so easy: The application is not only easy to use and understand, but also tailored to each business to ensure we only ask for relevant information.
Our dynamic application changes based on every answer provided, which lets us assess the risk of small tech businesses in just a few questions. That way, brokers get fully bindable terms in the shortest amount of time.
Simpler questions without compromising coverage
Not only have we reduced the number of questions on our Tech E&O application, but we’ve also made them as simple as possible to answer.
There’s no longer a need to go through the complications of breaking down business revenue or answering lengthy contractual control details. Once we know the business classification, all mandatory risk-control questions are a simple yes or no.
We know a lot of small businesses don’t always have robust risk-control practices in place. Our new application ensures a quote is generated no matter how the risk-control questions are answered.
Enhanced Tech E&O available via API
Every aspect of our enhanced Tech E&O experience is available through API partnerships.
At-Bay is one of the only insurance providers that offers bindable Tech E&O quotes via API, and our simplified application makes it easier than ever to implement.
Best of all, our new experience lets you quote Cyber and Tech E&O simultaneously on the same multi-carrier platform. To make this possible and ensure a smooth process, we’ve added one extra question to the Tech E&O application for API.
How to get started
Log in to our Broker Platform to try our enhanced Tech E&O experience. Answer a few simple questions and get a bindable quote in under two minutes.