XL Insurance Unveils Privacy and Network Liability Coverage for Non-Tech Companies and Enhances Tech E&O Coverage for Tech Companies
|
| Posted
:
Mon, 09 Nov 2009 19:00:58 GMT |
| Author
:
XL Insurance |
| Category
:
Press Release |
| News Alerts by
Email ( click
here ) |
|
|
|
|
NEW YORK, Nov. 9 /PRNewswire-FirstCall/ -- XL Insurance, the global
insurance operations of XL Capital Ltd (NYSE: XL) (XL), today announced the
availability of XL Eclipse(SM) -- a new insurance policy designed to address
privacy and security risks of non-tech companies. XL Insurance also announced
an enhanced technology errors & omission policy, XL EclipsePro(SM),
specifically for technology products and service providers.
"Technology companies are not the only businesses susceptible to website
disruptions, network breaches, lost data or other technological issues,"
according to Scott Schleicher, XL Insurance's Technology E&O manager.
"Companies of all sizes and representing all industries use technology to
perform significant aspects of their business. Therefore, they are also at
risk of technology failure."
XL Eclipse(SM) offers a wide range of cyberliabilty coverage under one
policy form, including:
-- Network Security Liability
-- Media Content Services Liability
-- Privacy Liability
-- Extortion Threat
-- Crisis Management
-- Business Interruption
-- Credit Monitoring
-- Privacy Notification Costs
-- Regulatory fines
The coverage can be tailored to address the specific technology risks of a
variety of industries, especially service providers such as lawyers, real
estate or insurance agents, and medical offices.
XL EclipsePro(SM) offers these cyberliabilty coverages but also
incorporates technology E&O to address the professional liability needs of
technology products and service providers.
"XL Insurance first introduced its technology E&O product in December
2008," explained Mr. Schleicher. "We are constantly looking at ways to
improve our products and services and keep pace with our clients' changing
risk management needs. These policies offer a complete package that can help
both our tech and non-tech clients thoroughly and effectively address their
tech risk."
XL Eclipse(SM) and XL EclipsePro(SM) are underwritten by XL Insurance's
Indian Harbor Insurance Company and are available with liability limits up to
$10 million. These coverages are administered through XL Insurance's Select
Professional unit which provides various miscellaneous professional liability
coverages, including E&O coverages for lawyers, real estate and insurance
agents, and other service providers.
About XL Insurance
"XL Insurance" is the global brand used by member insurers of the XL
Capital Ltd (NYSE: XL) group of companies. More information about XL Insurance
is available at http://www.xlinsurance.com. Through its operating
subsidiaries, XL Capital Ltd is a leading provider of global insurance and
reinsurance coverage and services to industrial, commercial and professional
service firms, insurance companies, and other enterprises on a worldwide
basis. More information about XL Capital Ltd is available at
www.xlcapital.com.
SOURCE XL Insurance
|
Copyright © 2008
PR Newswire. All rights reserved.
|
|
|
|
|
Related
News
Mom and Pop Businesses Fight to Survive Recession
Micro businesses implement survival measures that actually work./I/P
P(Vocus) November 24, 2009 -- Today’s economic crisis is threatening the viability of America’s small businesses. Operations are becoming skeletal. Costs of operation skyrocket while retail prices plummet. ...
LFB’s Recombinant Anti-CD20 Monoclonal Antibody is Granted Orphan Drug Status in Europe for Chronic Lymphocytic Leukemia LES ULIS, France -
The recombinant anti-CD20 monoclonal antibody produced by LFB
Biotechnologies received orphan drug status for the treatment of Chronic
Lymphocytic Leukemia (CLL).This approval from the EMEA’s Committee
for Orphan Medicinal Products (COMP) was handed down on last
200 University Students Wanted by Universities Trader
LONDON, November 25 /PRNewswire/ --
- Community Trading Online is Booming
- Schools Trader Page Hits up Over 95%
Universitiestrader - the community trading site for students - is looking
for 200 students to join as agen...
CASINOS WATCHER - The First Comparative Directory of Online Casinos
PRAGUE, November 25 /PRNewswire/ -- Casinos Watcher -
http://www.casinoswatcher.com, is a new gambling directory focusing on online
casinos. It has been launched to present essential facts in a comparable,
objec...
Trintech Reports Strong Third Quarter and Year-to-Date Fiscal Year 2010 Results
DUBLIN and DALLAS, Nov. 25 -- Trintech Group Plc (Nasdaq: TTPA), a leading global provider of integrated financial governance, transaction risk management, and compliance solutions today announced revenues of $10.0 million for the third quarter ended Octob...
Telefónica O2 Executive, Michael Fränkle, Joins Ubidyne Board of Directors ULM, Germany -
Ubidyne, the leader in digital radio technology for the wireless
industry, announced today that Michael Fränkle has joined the company’s
board.
“As we launch the world’s first Antenna Embedded Radio into volume
deployments, it is i
DAILY's RFID bracelet makes life easier and safer for you DAILY RFID has recently launched RFID bracelets for access control applications, such as recreational area, hospitals, amusement park and swimming pool. This RFID bracelet wears comfortable and makes life easier and safer for you.
|
|
|
|
|
|
|
|
|