Hartford, Conn. - The Hartford Financial Services Group, Inc., is customizing its approach to the technology sector with the formation of a Technology Practice Group, which will leverage The Hartford's existing line of technology insurance products to serve both current and future players in the growing market. The new group will be headquartered at the company's home office in Hartford, Conn. It will be staffed by a team of underwriters located throughout the country, as well as legal, claim, product and risk management professionals, the group provides the tools, support and know-how to help agents protect their technology clients from a wide range of rapidly-changing business risks.
"Rapid change in the $6 billion technology insurance market brings new exposures and new opportunities every day," said Judy Blades, senior executive vice president, Property & Casualty Operations. "Our new Technology Practice Group will work closely with agents and brokers to better understand their clients' distinctive needs, risks and potential for growth. With this customized approach, we'll help select the right insurance protection for any stage in the lifecycle of a business."
The technology practice will sell The Hartford's existing products, including FailSafe, a suite of professional liability products for the technology sector, as well as other commercial insurance products that can be customized for this industry, such as Spectrum, Property Choice and GL Choice. It will also provide a streamlined process in which a single underwriter handles all insurance lines - property, casualty and technology professional liability (E&O coverage), and the ability to serve all types of technology companies, including electronics manufacturers, software developers, medical device firms, biotech companies and technology and telecommunications service providers.
Source: The Hartford
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