BOXX Insurance has introduced Tech E&O by BOXX, a specialized Errors & Omissions (E&O) coverage designed for next-generation tech companies, including SaaS providers, AI developers and digital infrastructure firms.
The product integrates traditional Tech E&O protection with BOXX's flagship cyber insurance offering, Cyberboxx Business, providing comprehensive coverage for both operational and cyber risks.
Phil Baker, chief underwriting officer at BOXX Insurance, highlighted the need for updated policies to reflect modern technology risks. He noted that traditional E&O coverage was not designed for AI errors, data poisoning or technology-based discrimitiona.
Key coverages under the new product include technology discrimination liability, which protects against claims under anti-discrimination laws like the Accessible Canada Act; social engineering of key personnel coverage to safeguard senior executives from personal cyber theft losses; and cryptocurrency theft coverage for losses stemming from fraud or market manipulation.
The policy also featured a retention waiver for incidents reported within 24 hours and an expanded media & IP scope, covering intellectual property, personal injury, and negligence across online and offline content.
Jonathan Weekes, president, Canada, said the product addresses a growing need for clear and comprehensive coverage for fast-moving tech firms.
“It’s compelling, straightforward to explain, and provides a truly thoughtful and complete approach to managing the next generation of digital risks,” Weekes said.
All Tech E&O by BOXX policies include Cyberboxx Assist, a suite of cybersecurity tools and services designed to help businesses anticipate, prevent and respond to cyber threats. This includes risk assessments, compliance tools and 24/7 expert support, the company said.
The launch comes amid rising demand for specialized insurance products as technology adoption accelerates. Increasing AI, blockchain, and SaaS deployments have exposed companies to unique operational and cyber risks that traditional policies often do not cover.
By offering a unified solution, Tech E&O by BOXX positions brokers to meet client demand for future-ready protection and supports insurers in capturing growth opportunities in the rapidly evolving technology sector. The product reflects broader market trends, where tailored policies and integrated cyber-insurance offerings are becoming critical to managing risk in high-growth, high-tech industries.
