San Francisco, October 2nd ( PRNewswire ) – Data centers have become an essential infrastructure supporting AI, cloud computing, and modern business. As the demand for computing power grows, data center developers and operators are facing increasingly complex risks, including construction, power supply, cooling, equipment, service interruptions, as well as the rapidly evolving hardware within these facilities.
Today, Corgi Insurance announced the launch of a new insurance scheme that covers the entire lifecycle of data centers, from construction and debugging to ongoing operations, as well as the hardware that supports computing workloads.
Rather than requiring data center operators to piece together coverage through multiple policies and various insurers, it is better to use the Corgi solution to consolidate key risks into a single insurance plan.
During the construction phase, this scheme provides the contractor with insurance against risks and delays in commissioning, helping to protect against situations where delays in the facility's operation as planned are caused by insured losses.
Once the data center is put into operation, Corgi will provide protection for critical assets and infrastructure, including power supply, cooling, and the UPS system; in case insured losses lead to the shutdown of the facilities, it also provides business income insurance.
This solution also targets one of the most important assets in modern data centers – GPU. Corgi is introducing residual value protection, aimed at helping to protect GPU hardware as a financiable asset, providing assurance for devices that support AI and high-performance computing workloads.
This solution is targeted at managed service providers, GPU cloud services, AI computing power hosting parties, enterprises, edge data centers, as well as developers who build these facilities.
Corgi Co-founder on N-token Issuance: Laqua states, "Data centers are becoming one of the most important infrastructures in the world, but the insurance surrounding them has not evolved at the same pace. We are building insurance around the entire data center, from the moment of construction all the way to the hardware that operates inside it."
With the acceleration of investment in the AI infrastructure, market attention is increasingly focusing on the physical infrastructure required to support these investments, including the construction of new data centers, GPU supply, as well as power and water demand. The data center solutions provided by Corgi are designed to meet the insurance needs required for the construction and operation of such infrastructure.
About Corgi
Corgi is a AI native insurance underwriting institution targeting high-growth companies. The company combines proprietary underwriting technology, internal claims processing, and modern insurance infrastructure to provide coverage that adapts to today's corporate operating methods.
For more information, please visit corgi.insure / data-center-insurance.
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