Home News Suite of dedicated insurance products for Data Centres introduced by industry alliance

Suite of dedicated insurance products for Data Centres introduced by industry alliance

by Brian Sims

For the first time, a new suite of insurance products and services has been created specifically for the Data Centre sector. Leading insurance broker Ernest R Shaw has teamed up with the Data Centre Alliance (DCA) Trade Association and technical cleaning and Data Centre healthcare business 8 Solutions to develop the suite.

The launch follows on from a 12-month consultation between Ernest R Shaw, the DCA and 8 Solutions. The key task at hand was to identify and agree on a Best Practice framework to underpin this new offer. Businesses that adopt and meet this Best Practice standard in the future could then qualify for a lower insurance premium underwritten by Allianz Insurance, one of the largest insurers in the UK and part of the Allianz SE Group.

Steve Hone, CEO of the DCA, commented: “Recognising and rewarding Data Centre management teams who demonstrate Best Practice is at the heart of this initiative. Data Centres that have been independently audited under the DCA certification scheme and end users who choose to host their information in Data Centres which have achieved this accreditation can now all benefit from this new range of insurance products and services which have been tailor made to support the Data Centre sector and its customer base.”

Hone continued: “As far as I’m aware, this is the first time this has been done and I’m delighted that the DCA could play its part in making this initiative a reality. It’s a big step forward for the sector that wouldn’t have been possible without the continued support of key members and strategic partners. It’s a great example of what can be achieved by working and collaborating with the full support of a Trade Association.”

David Hogg, managing director of 8 Solutions, added: “We’ve been working closely with Allianz Insurance to produce bespoke wordings and very competitive rates for this niche sector. This proposition has market-leading standards provided by 8 Solutions built into it. The insurance underwriting has been customised to take this into account as one of the key differentiators.”

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