The surge in independent tech professionals — from computer consultants and cybersecurity pros to app developers and digital media managers — has created a booming information technology microbusiness economy. But there’s a problem: Many of these professionals can’t access quality insurance at a reasonable price. Why? Traditional Businessowners Policies (BOP) often come with high premiums or simply don’t fit the unique risks of home-based or remote tech consultants. And the E&S market? Not always a great experience for smaller clients.

That’s Why We Built the Technology Consultants Program

At Berkley Small Business Solutions, we created a specialized Micro-BOP and a proprietary Tec-Guard Errors & Omissions Liability Coverage to meet the needs of this underserved market with a clear, easy solution that agents can trust.

What Makes Our Offering Distinctive 

• Claims-made technology E&O liability that matches the business liability occurrence limits
• Responsive coverage for errors, omissions or allegations arising from a broad array technology products, including failure to deliver on time
• Blanket Additional Insured in both General Liability and Errors & Omissions forms
• Automatic Extended Reporting Period for 12 months in basic form and premium
• Bundled Coverages in a Single Policy: Property + Liability + Professional Liability
• Fast online quoting platform
• Designed for home-based businesses with revenues under $500K

Ideal Clients Include:

• Web designers
• Digital marketers
• Computer techs
• App developers
• Cybersecurity contractors
• Data conversion specialists
• And more ...

If you’re working with small tech firms or solopreneurs, this technology consultants program could be the perfect fit. Download the full flyer for program details. Get the latest insurance market updates and discover exclusive program opportunities at ProgramBusiness.com.

W.R. Berkley Corporation (WRB) saw its stock surge to an all-time high following news that Japan’s Mitsui Sumitomo Insurance will acquire a 15% stake in the company. The move signals a significant vote of confidence in the U.S.-based insurer and strengthens ties between the two firms.

Mitsui Sumitomo plans to purchase the shares through open-market transactions or third-party deals without acquiring stock directly from W.R. Berkley or the Berkley family. The Berkley family, which holds around 16% of the company’s common stock, will retain its full position and continue to occupy two board seats.

Under the agreement, Mitsui Sumitomo will align its voting with the Berkley family once it reaches a 4.9% ownership threshold. At 12.5%, the family will support the nomination of a Mitsui representative to the board. The partnership is not expected to impact W.R. Berkley’s day-to-day operations.

The acquisition is projected to be completed by March 2026, pending regulatory approval. WRB stock rose 7.5% on the news and has gained nearly 22% year-to-date. The company now ranks seventh in the high-performing property and casualty insurance group tracked by Investor’s Business Daily.

Stay informed and ahead of the curve — explore more industry insights and program opportunities at ProgramBusiness.com.

Berkley Re has introduced Berkley Re Turnkey Solutions, a new division focused on providing reinsured turnkey solutions to carriers, managing general agents (MGAs), program administrators (PAs), and insurtech firms. The initiative aims to broaden Berkley Re’s reinsurance portfolio with scalable solutions supported by industry expertise.

Comprehensive Insurance Solutions

The division will cater to both commercial and personal insurance lines, offering coverage in several specialized areas, including:

• Cyber insurance – Addressing the rising risks associated with digital threats.
• Employment practices liability insurance (EPLI) – Providing protection against workplace-related claims.
• Contractors professional liability (E&O) – Covering errors and omissions in contracting services.
• Crime insurance – Mitigating financial losses due to fraudulent activities.
• Workplace violence coverage – Supporting commercial entities against workplace-related incidents.
• Violent Event Protection coverage – Extending coverage to personal lines for incidents involving violence.

Leveraging Industry Strength

Berkley Re Turnkey Solutions plans to collaborate with partners to develop new insurance products while leveraging the broader capabilities of W. R. Berkley Corporation. The parent company’s subsidiaries maintain an A+ (Superior) rating with a Financial Size Category XV from AM Best, reflecting its financial strength and stability. Christopher Ellis, senior vice president and head of Turnkey Solutions, emphasized the company’s commitment to refining its people, products, and processes to enhance operational efficiency and client services.

Growth and Expansion Initiatives

The launch of Berkley Re Turnkey Solutions follows a strong financial performance for W. R. Berkley Corporation, which reported a fourth-quarter net income of $576.1 million for common shareholders—a 45% increase compared to the previous year. Premium growth was supported by an average rate increase of 7.7% across all lines (excluding workers’ compensation), with total premiums reaching $11.97 billion for the year. Beyond its U.S. expansion, Berkley Insurance Company recently received regulatory approval to open a branch in India’s GIFT City, Gujarat, under the name Berkley Insurance Company, IFSC Branch. This marks a strategic move to strengthen its presence in the international market.

Looking Ahead

With the introduction of Berkley Re Turnkey Solutions, the company aims to enhance its reinsurance capabilities and deliver innovative solutions to its partners. By leveraging its financial strength and expertise, Berkley Re continues to adapt to industry demands and expand its global footprint in the reinsurance sector.