XL Insurance Unveils Privacy and Network Liability Coverage for Non-Tech Companies and Enhances Tech E&O Coverage for Tech Compa
10 11월 2009 - 4:00AM
PR Newswire (US)
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 http://www.xlcapital.com/. DATASOURCE: XL
Insurance CONTACT: Christine M. Weirsky, XL Insurance Media
Relations, +1-610-968 9395 Web site: http://www.xlinsurance.com/
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