7 October 2015 Insurance

BHSI unveils cyber liability and breach response policies

Berkshire Hathaway Specialty Insurance (BHSI) has unveiled two new policies providing cyber liability and breach response coverage with risk management resources.

The Professional First Network Security & Privacy Policy and the Professional First, provides errors and omissions (E&O) coverage for technology and specified miscellaneous services. The Professional Liability and Network Security & Privacy Policy also includes customisable E&O liability coverage.

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.

The policies include coverage for a number of scenarios, including third party exposure resulting from data security and privacy breaches, media liability, breach expense and extortion threat and business interruption.

Also included with the policies is 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 organisation.

Danielle Librizzi, senior vice president, head of professional liability, said: “Our experienced professional liability team is providing solutions to simplify for customers the complex work of managing professional liability and cyber exposures. We are pleased to bring to market comprehensive, flexible coverage, backed by BHSI’s commitment to service and financial strength.”

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