Darwin Professional Underwriters Inc. today announced the launchof a new Web site dedicated to educating agents, brokers andcommercial insurance purchasers about technology and informationliabilities.
|According to Farmington, Conn.-based Darwin, www.tech-404.comaddresses risks facing commercial businesses, including cyberliability, Internet liability and technology errors andomissions.
|“These risks are converging to create new areas of liability fortraditional businesses that are technology dependent,” said DrewBartkiewicz, assistant vice president for Darwin's technology andinformation liability initiatives.
|He added, “Identity theft is just the tip of the iceberg, andcompanies should absolutely be taking steps to protect theirconfidential customer data.”
|Mr. Bartkiewicz said that other exposures such as maliciouscodes, network security, intellectual property theft, networkfailures, third-party business interruption, media and copyrightinfringement are growing areas of concern.
|Insurance coverage for technology and information exposures is“often limited and inadequate to address the growing sophisticationof business and technology infrastructures, the company noted. TheWeb site provides several resources, including industry-specificclaims scenarios and a technology glossary of commonly usedterms.
|The Web site currently focuses on exposures within the healthcare, financial services, e-commerce and technology industries,said Darwin.
|Darwin is a specialty insurance group focused on theprofessional liability insurance market.
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