Cloud
Insurance

A simple, essential add-on to any cyber program.

93%

of cloud outages are not covered

by traditional cyber insurance.

OUTAGE DURATION

89%

89% of cloud outages lasting between 2 - 12 hours, fall outside the scope of cyber insurance coverage.

ROOT CAUSE OF DOWNTIME

71%

71% of cloud outages lasting 12+ hours are caused by factors that are not covered under cyber insurance (ie. property damage)

Add cloud coverage to your cyber program in two easy steps.

Select your cloud service provider

Choose your required limit

The most comprehensive

cloud

insurance

available.

Clear triggers, agreed payouts

We pay claims in fixed amounts following a covered outage event, without the hassle of a cumbersome and time-consuming claims adjusting process. Because your payment arrives in days not months, you can get back to business quickly.

Premium security

Parametrix policies are backed by the financial strength of some of the world’s most trusted insurance and reinsurance companies, including syndicates at Lloyd’s, giving you the confidence and certainty that you are protected by the best.

Every type of loss included

Parametrix policies cover lost revenues, third-party liabilities, depleted productivity, or any other expense arising from a cloud outage. Unlike traditional cyber coverage, our policies provide broad coverage, and the use of claims funds is unrestricted.

Simplicity and clarity delivered

Forget complex insurance documents with pages of small print. Parametrix policies are transparent and straightforward. They deliver clarity so you know exactly what’s covered, to help you make informed decisions that are best for your business.

Here's
what our
customers
say.

"I've never encountered such a smooth and effortless claim with an insurance provider. After a cloud outage event we experienced, the Parametrix team notified us that they detected the outage, and the pre-agreed terms were paid in full within a few days."

CFO, OpenWeb

Haim Sasson

"Downtime is inevitable. We see the Parametrix solution as an important component of our reliability strategy, allowing us to make infrastructure investments while maintaining an excellent customer experience for our learners."

Fabio Lessa, Duolingo

Sr. Director Engineering

"As a risk manager with years of experience, I know firsthand that BI risk can be tough to quantify and claim for. That's why I was thrilled to find Parametrix's coverage, which offers a real solution. It's exactly what I've been looking for."

Digital Marketplace, $1.8B + Rev

Sr Director Insurance

"Parametrix was dedicated to making sure my claim experience was seamless and hassle-free. They've consistently proven themselves to be a reliable and trustworthy partner, demonstrating their commitment to delivering on their promises."

Cyber Security $100M+ rev

Principal Engineer

Trusted by companies worldwide:

Backed by:

The products and services referred to on this website are available only in the jurisdictions in which we are licensed to transact insurance business. Nothing on this website shall be construed as an offer or solicitation to purchase insurance in any other jurisdiction. The availability, terms, and conditions of such products and services may vary by jurisdiction. The list of licenses held by Parametrix Insurance Services LLC as an insurance producer and surplus lines broker in the US states can be viewed on our license page. Parametrix provides insurance products in connection with potential downtime on services represented by brands which this website displays. Parametrix is not affiliated to, associated with, or sponsored by the owners of these brands.

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CloudInsurance

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