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Relm Insurance Introduces SIGMA: A Comprehensive Package Policy for Innovative Businesses

03/26/25 – Relm Insurance (“Relm”), a leading specialty insurance carrier for emerging industries, has launched SIGMA, a flexible package policy designed to provide comprehensive risk protection for innovative businesses.

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Following the success of SIGMAWEB3, a product launched in April 2024 for the Digital Asset & Web3 industry, Relm saw increasing demand for similar coverage in other emerging sectors. SIGMA offers a streamlined approach to risk management with built-in mitigation cover across multiple lines.

Seamless, Tailored Protection

Claire Davey, Head of Product Innovation and Emerging Risk, explains: “SIGMA recognizes that the businesses we support have unique needs. Its customizable structure enables clients to select only the coverages they require. Regardless of the combination, coverage remains seamless across sections and policy years, ensuring claims do not fall through the cracks.”

Claire continues: “When claims arise, SIGMA provides a single, dedicated solution with expert handlers who understand the complexities of emerging industries.”

Comprehensive Coverage Lines

SIGMA offers tailored protection across multiple insurance lines, including:

Commercial General Liability (CGL) – Protecting the policyholder against financial losses from third-party claims related to bodily injury, property damage and personal or advertising injury.

Crime – Safeguards against fraud and theft, including employee fraud, theft from premises and in transit, computer fraud, and social engineering scams.

Cyber and Technology Errors & Omissions – Liability cover that backs the policyholder’s technology products and services in case something goes wrong. It also responds to third-party and first-party losses arising from network security and privacy breaches, with an embedded 24/7 response service.

Directors & Officers (D&O) Liability (Public & Private Companies) – Protects executives with regulated capital-backed coverage, supporting businesses through regulatory investigations and safeguarding personal assets.

Employment Practices – Cover that responds to claims, spurious or otherwise, made by employees alleging wrongful employment practices, including discrimination, wrongful termination, harassment and retaliation.

Fiduciary Liability – Shields businesses from claims related to fiduciary responsibilities.

Professional Liability (Financial Institutions & Others) – Cover designed to protect professionals against legal claims arising from their mistakes, negligence or breaches of duty in the performance of their services.

Media Liability – Liability cover for claims alleging libel, slander, defamation, and intellectual property infringement.

Tailored Limits & Deep Coverage

Clients can customize policy limits by coverage line or share limits across multiple parts. This flexibility ensures robust protection in critical areas while maintaining broad coverage where needed.

A Partner for Innovation

SIGMA helps businesses safeguard their balance sheets, build customer confidence, and mitigate risks.

For more details, contact Relm Insurance at [email protected].