Differentiated Broking Solutions – Tech & Telecom (T&T) DBS

WTW's Differentiated Broking Solutions (DBS) brings together our deep industry and technical expertise as well as our extensive market relationships with top property & casualty insurers to deliver industry-tailored insurance solutions.

The T&T Industry Division DBS is designed to create a sustainable, competitive solution in order to provide best-in-class terms, identify emerging risks and adjust our offerings to coincide with the ever changing marketplace.

Overview

The Tech & Telecom Industry Division (T&T) DBS is designed to have a primary emphasis on clients in the following industries:

• Electronics, hardware and semiconductor
• Internet, data networking and telecom
• Media-print, media-broadcast and media advertising
• Software and tech services

DBS provides coverage for the core property & casualty lines of business:

• Property
• General liability
• Business auto
• Workers' compensation
• Umbrella

Benefits

• Comprehensive pre-negotiated enhanced coverages
• Options to place coverage on a standalone basis, or in an expanded package/suite where appropriate
• Firm minimum service requirements
• Consistent, reliable program coverage

Coverage enhancements

DBS consistently delivers standardized elevated coverage to our clients. Below are just some of the many enriched coverages DBS provides.

• Extended notice of cancellation for all lines
• Blanket additional insured and blanket waiver on casualty lines
• Unintentional errors and omissions and broadened notice and knowledge of occurrence included on all lines

Property:

The T&T DBS provides increased property sub-limits including:

• $1M limit for contingent time element
• $100K limit for electronic vandalism
• $500K – $2.5M limit for miscellaneous unnamed locations
• $500K – $1M off-premises service interruption — direct damage including overhead transmission lines
• $100K supply chain disruption
• $50K technology service provider
• $250K spoilage - equipment breakdown per premises

Enhanced coverage endorsements for casualty lines including:

General Liability:

• Professional liability exclusion carve back for bodily injury/property damage
• Personal and advertising injury includes libel and slander
• Product recall expenses available upon request (typical limit $100K)
• General aggregate per location/per project
• Primary non-contributory included in general liability and incidental med mal

Auto:

• Minimum of $250 per disablement on towing and labor
• Employees as insured and employees hired autos
• Ability to negotiate higher CSL available
• Composite rating available for accounts with larger fleets

Workers' Compensation:

• Access to various deductible programs, as well as employee headcount rating structures
• Alternate employer endorsement
• Stop gap coverage
• Voluntary compensation

Umbrella:

• Up to $25M capacity
• Drop down over exhausted underlying aggregates
• Excess employee benefits liability coverage
• Pay on behalf coverage form
• Foreign and professional liability carve back for bodily injury and property damage included if applicable on underlying

Carriers

• Chubb
• CNA
• Hartford
• Liberty Mutual
• Travelers
• Zurich