The cyber division of Mosaic Insurance, the Bermudian-based global specialty insurer, has launched primary technology errors and omissions coverage to protect tech companies from increasing liability risks.

The company said that the launch built on Mosaic’s primary cyber offering initiated last spring and activated primary Tech E&O as a blended product globally. Previously, it was offered on an excess basis only.

It added that coverage mitigated against rising threats facing businesses contracted to provide tech products, including artificial intelligence, virtual reality, edtech, IT consulting, data analytics, software as a service and peer-to-peer platform services.

“We understand how intrinsically linked cyber exposure is with technology-related liability, so we’re thrilled to now offer primary tech E&O in conjunction with our primary cyber product on a global basis,” said Yosha DeLong, Mosaic’s global head of Cyber.

“This expansion aligns with our strategy to provide needed solutions to our clients and partners.”

By offering up to $15 million in capacity via both its own Syndicate 1609 and a consortia of syndicated capital partners, Mosaic is making primary Tech E&O coverage available via underwriting hubs in London, the United States, Canada, Europe and the United Arab Emirates.

“Technology services and products are becoming ever more complex and, at the same time, integral to business, thereby increasing the risk and costs of software failure,” said James Tuplin, Mosaic’s head of International, Cyber, who has 17 years’ experience underwriting in the sector.

“We’re increasing our product suite to meet that demand and help clients best protect themselves from these growing digital risks.”