Lloyd’s launches biz interruption insurance policy for SMEs

September 30, 2020

Lloyd’s has launched a new “first-of-its-kind” business interruption policy for small-and-medium-sized enterprises (SMEs), specifically designed to protect them against IT disruption or downtime.

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About Parametrix

Parametrix is the leading provider of digital infrastructure insurance, protecting organizations against downtime across cloud, AI, SaaS and data center ecosystems. Leveraging a proprietary network of monitoring systems, they collect and analyze billions of data points on the performance and availability of critical infrastructure, enabling real-time underwriting and claims automation. Parametrix’s solutions help businesses, data center stakeholders, and (re)insurers to quantify, manage, and transfer the financial risks of downtime with unmatched precision. The company is a Managing General Agent and Lloyd’s Coverholder, with policies backed by major A-rated global insurers, and is headquartered in New York.

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