Cloud Coverage- Parametrix Cloud Insurance

Parametrix Cloud Insurance

Essential coverage to complement any cyber program.

Covered cloud service providers- Amazon Web Services, Microsoft Azure, and Google Cloud Platform

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Elevate your cyber program

Parametrix Cloud insurance addresses the growing digital supply chain risk that companies face as they rely on the cloud more and more for their computing power and customer interactions.

Our policies provide short waiting periods as little as two hours and zero cash deductibles. Claims are triggered automatically when an insured outage occurs to deliver pre-agreed claims.

Businesses can recover from cloud outage events more quickly with faster, predictable claims payments that may be used to cover any types of losses resulting from a cloud outage event.

Determine your coverage

Choose your cloud service provider and select your required limit. Parametrix will provide you with coverage that best fits your business needs.

Clear triggers, pre-agreed claims

When a cloud outage occurs, Parametrix identifies the disruption immediately and automatically, to trigger pre-agreed claims without the hassle and long wait of the traditional claims process.

Broadest coverage, for any outage loss

Payments are unrestricted, so can be used to compensate for lost revenue, missed SLA obligations, customer rebates, or even to recover wasted advertising spend.

Cloud insurance for all industries

Parametrix cloud insurance helps businesses of any size, in any sector to protect against the evolving risk of cloud outage. It is a simple, essential addition to any cyber insurance program

Advertising

Foodtech

HR

E-commerce

Manufacturing

Fintech

Airlines

AI

Healthcare

Gaming

Marktplaces

Gig-economy

Media

Entertainment

Finance

Energy

Transportation

IoT

Logistics

Robotics

Cyber Security

Accounting

Storage

Analytics

News

Defense

Telecommunications

Software

Information Security

SaaS

Travel

Music

Retail

Payments

Enterprise

Cloud insurance fit

for

purpose.

15-day payout on claims

We provide quick claims payments that accelerate your clients’ recovery processby promptly addressing the impacts of a cloud-outage event.

Short waiting periods

Your clients may be entitled to benefits after just two hours of cloud disruption, so they can address any unexpected losses without delay.

Zero cash deductibles

Under a Parametrix policy, no retention or deductible is required, so your clients are assured of complete financial recovery from a cloud-outage event.

No claims adjusting

An outage itself triggers claims of fixed amounts, so no assessment of your clients’ losses is required before they receive rapid compensation.

Coverage for any loss

Parametrix policies provide financial protection against all potential risks and damages, ensuring that your clients have the broadest coverage available.

What happens when the cloud goes down?

The more severe and prolonged the downtime event, the greater the cost impact.

Lost revenues

Cloud downtime can strain your company’s financial reserves due to unexpected monetary exposures which increase the volatility of your cash flows.

Customer compensation

Meeting all the financial obligations based on your customers’ SLAs (service level agreements) can have a tremendous impact on your bottom line.

Lost Employee Productivity

Your IT and service teams need to shift from their normal working activities to figuring out how to support customers & bring the business back online.

Lost End-user Productivity

When applications stop working productivity can grind to a halt for both internal and external users who are unable to access the services they need.

Lost or Damaged Data

Downtime can prevent critical data from being recorded and stored, requiring time-consuming work as people have to re-enter or reconfigure it later.

Reputational Damage

Your customer service, marketing and sales teams need to handle the negative feedback and update customers, some of whom may never come back.

More from Parametrix

Read the Parametrix blog

Leverage our resources and insights to identify, understand, and mitigate your cyber risks in the cloud.

Blog

Brokers win with Parametrix

Parametrix removes the most painful parts of the insurance process. Read all about the seamless cloud insurance experience that brokers love.

Brokers

Frequently asked questions

Find out everything you need to know about our company, policies, cloud coverage and more.

FAQ

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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.