Critical Systems Outage Insurance

Tailored coverage for first- and third-party system interruption.

Custom made coverage for system interruption.

Parametrix Enterprise Cyber Risk solutions are tailored to protect businesses against system interruptions and technology performance failures.

These standalone parametric BI products cover both first-party and third-party losses and are designed as a foundation for performance warranties and uptime-based guarantees.

First-party losses

  • Covers every category of first-party losses including revenue impact, internal system damage, productivity disruption and production downtime

  • Waiting periods start at 2 hours

  • Limits up to $100M

  • Available globally

Third-party losses

  • Covers every category of third-party losses including including contractual liabilities such as SLA commitments

  • Can be used as a foundation for performance warranties

  • Waiting periods start at 2 hours

  • Limits up to $100M

  • Available globally

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How our insurance works:

Simple insurance structure built to solve complex risk.

STEP 1

Pre-agreed coverage for system failure & disruption events.

STEP 2

Parametrix monitoring system detects performance issues and automatically triggers policy.

STEP 3

Quick hassle-free payout providing absolute certainty to clients.