Berkshire Hathaway Specialty Insurance Introduces Professional Liability and Network Security & Privacy Policies in the U.S.
“Our experienced professional liability team is providing solutions to simplify for customers the complex work of managing professional liability and cyber exposures,” said
The Professional First™ Professional Liability and Network Security & Privacy Policy provides E&O coverage for technology and specified miscellaneous services. Both policies include multi-faceted network security and privacy liability insurance and risk management resources, which can be tailored for professional services firms of all types, from technology enterprises, to financial institutions, to law firms.
Highlights for both policies include:
- Coverage for third party exposures resulting from data security and privacy breaches, including regulatory investigations, fines and penalties.
- Breach expense and extortion threat coverage, addressing the wide range of direct expenses an Insured incurs to effectively respond to a breach or extortion threat.
- Media liability coverage, which responds to traditional media exposures (e.g. through a company’s website) arising from electronic content.
- Business interruption coverage to pay lost income and related expenses incurred as a result of the Insured’s business’ partial or full interruption due to a network security failure.
- Online access to eRiskHub®, which provides state-of-the-market tools and resources to help policyholders understand cyber exposures, establish a breach response plan, and prepare to mitigate the impact of a breach on their organization. eRiskHub is provided via NetDiligence, a leading cyber security and e-risk assessment firm.
For more information, contact
BHSI’s new Professional Liability and Network Security & Privacy Liability Polices are the latest additions to BHSI’s Professional First suite of professional liability products, all of which are designed to provide clear, current and customizable coverage in connection with professional services that financial and commercial firms provide to customers.
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