The cyber and tech E&O coverage you rely on, now upgraded with full parametric business interruption protection.
60%
60% of the value of all cyber claims is driven by BI. Whether it stems from an external cyberattack, human error, or a technical failure.
241-320
The average number of days for a BI claim settlement is 241-320, with even more complex claims cases taking up to two years to settle.
40%
40% of BI losses aren't covered by traditional cyber policies - 90% fall below the standard 12 hour waiting period, and 30% stem from contractual liabilities, which are typically excluded.
Parametrix is redefining the cyber insurance market.
Parametrix CyberPMX advances traditional cyber coverage with parametric-enhanced business interruption, strengthening protection without sacrificing the integrity of a comprehensive offering.
Trusted solution across the market, our policies are supported by ‘A’ rated carriers with Financial Size XV,
delivering the financial strength and reliability clients expect.
Coverage for data breaches, privacy liability, network security failures and system failure, ransomware events, incident response costs, business interruption, regulatory obligations, e-media, and cyber crime including social engineering
Includes Tech E&O for service performance failures
Parametric Daily BI limit set in advance and customized to the specific risk profile
Waiting periods start at 4 hours
Limits up to $15M
Combines full cyber coverage with rapid, trigger-driven business interruption payments for a stronger, more predictable response
Download the info sheet
.svg)
Follow-form excess with an optional BI Advance enhancement
Greater flexibility in how limits are deployed at the time of claim
Pre-determined Daily BI Advance limit
A separate time retention applicable specifically to this excess layer.
Limits up to $15M
Download the info sheet
Subtitle
Simple insurance structure built to solve complex risk.
STEP 1
Pre-determined Daily BI limit
for transparent and predictable recovery.
STEP 2
Following a covered event, Daily BI coverage activates as soon as the required terms are satisfied.
STEP 3
Quick, hassle-free BI payouts that provide clients with clear, dependable support.
.svg){kind=icon}
BI risk has always been hard to quantify and even harder to claim. Parametrix changed that. Their coverage gives us a clear, practical solution.
Parametrix ensured our claims process was seamless from start to finish. Their responsiveness, reliability, and efficiency made the experience smooth and entirely hassle-free.
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.
Our customers expect us to be up 24/7, even when one of our third-party providers goes down. CyberPMX finally gives us complete CBI protection with a parametric trigger that delivers immediate clarity on coverage, without long investigations or disputed claims.
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.
When an outage happens, every minute of downtime has a ripple effect across our entire business. We can’t afford to wait months for a traditional BI claim to resolve. CyberPMX gave us exactly what we needed: speed. The payout was fast, predictable, and allowed us to stabilize operations immediately.
We depend on multiple third-party platforms, and even a short outage can disrupt thousands of customers. CyberPMX aligns with our operational reality, giving us the financial certainty to keep teams focused on recovery. The ability to apply proceeds directly to enterprise service credits and overtime pay, without administrative friction, is a meaningful advantage.
Careers at Parametrix
We're looking for passionate people to join our team and help drive a new category of insurance.
Parametrix’s Reports
Download Parametrix's exclusive content for deeper insights into downtime risk.
Frequently Asked Questions
Find out everything you need to know about our company, policies, cloud coverage and more.
A parametric approach to quantifying, managing, and transfering exposure to technology downtime and digital infrastucture risk. Parametrix is a Lloyd's Coverholder whose policies are backed by major A-rated global insurers.
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.
.svg)