ProgramBusiness
 
  


Loading LiveCycle Banners.
  1. News Articles
  2. Related News Articles
  3. Comments
News Article Details

Liberty International Underwriters Rolls Out Three Cyber Liability Policies

Back | A- | A+
 Email This     Print     Subscribe


Posted on 10 Feb 2012

Liberty International Underwriters has rolled out three cyber liability policies, the Liberty Mutual Group Inc. unit said Thursday.

The coverage suite focuses on several common threats to companies, including data privacy breaches and technology errors and omissions.

The coverages vary in scope. The broadest, LIU Tech Insure, covers breach of contract, intellectual property infringement, project failure coverage, data breach liability and E&O.

Another product, LIU Data Insure, focuses on data breach liability and the costs associated with it, while LIU DataPro Insure covers professional liability exposures in addition to data breach liability costs.

While specific policy limits and deductibles are based on needs and risk profile, the maximum limit available is $10 million, and the deductible and premium each have a $10,000 minimum.

“Data security is now more than just an IT issue—it is a board-level issue,” Oliver Brew, vp of miscellaneous professional liability and technology E&O for Boston-based LIU, said in a statement. “With attacks becoming more sophisticated and striking a wider range of institutions as well as increased regulatory pressure, more and more companies are looking for data security insurance to help protect their operations. “


Comments

Post a Comment
If you are a Storefront / Tradingfloor user, click here to login.
Note: As a guest user, please fill out the form below to post a comment.
Post your comments here.
Name :
Email Address :
Captcha :
Comments :
Character left : 2000