Posted on 23 Mar 2012
The Hartford Steam Boiler Inspection and Insurance Company (HSB), a part of Munich Re, announced HSB Freestyle Advantage, the first insurance product to combine equipment breakdown coverage with optional data compromise and identity recovery coverage, all in an affordable bundle.
“With data breaches on the rise and the serious threat of identity theft and fraud, cyber risk coverage is important protection for any business,” said Tim Bebout, HSB vice president. “HSB Freestyle® Advantage offers the unique benefit of combining data compromise and identity recovery coverages with the broadest equipment breakdown insurance available today.”
HSB’s Data Compromise and HSB Identity Recovery coverages will be available with HSB Freestyle® Advantage policies as of June 30, 2012 (subject to state approvals).
HSB Freestyle® Advantage equipment breakdown insurance automatically includes coverage for mold, worldwide off-premises coverage, and to restore data that is lost or damaged due to a breakdown. It also offers increased coverage for more energy efficient equipment upgrades (now the highest offered by any insurer) and additional green equipment breakdown coverage.