UNIONVILLE, Conn., Feb. 27, 2018 /PRNewswire/ -- Y-Risk, LLC, a specialty underwriting management company, is proud to announce its approval as a Lloyd's coverholder with authority for cyber and technology E&O insurance on behalf of certain Lloyd's syndicates.
Y-Risk is now offering its new Y-ProTech insurance policy which provides coverage against first and third party cyber losses and technology E&O liability exposures. Y-ProTech is being offered to small and medium size businesses of all types, but was specially designed to be further tailored and adapted for a variety of targeted niche industries. The first niche based offering, "Y-ProTech for Marketplaces," is the only cyber and E&O policy in the industry exclusively focused on companies in the sharing and on-demand economies, and provides comprehensive coverage and features currently unseen in the market.
"We believe traditional insurance products are not well suited for many of the companies, risks, and technologies shaping tomorrow's economy. With Y-ProTech, we can craft tailored insurance solutions for a variety of niches, like the sharing economy," said Wendy Dowd, director of Y-Risk's cyber and technology division. Y-Risk founder and CEO, Bernie Horovitz, added, "We are excited to enter our company's third year with an expanded portfolio of solutions to protect and enable innovative companies. Another great milestone in our company's growth!"
Y-Risk was founded to design tailored insurance solutions for the unique needs and evolving risks of tomorrow's economy. Y-Risk is a division of Allstar Financial Group, an Atlanta based holding company with multiple specialty MGA's across the country.
Lloyd's is the world's specialist insurance and reinsurance market, bringing together an outstanding concentration of underwriting expertise and talent. It is often the first to insure emerging, unusual and complex risks. Learn more about Lloyd's at: www.lloyds.com