Two primary coverage areas have been broadened to recognize the continually emerging risks technology firms face today. With OneBeacon's custom Data Privacy Protection, policyholders receive coverage for their potential failure to protect their clients' private data and for costs associated with responding to data breaches, whether they occur in written or electronic form.
Furthermore, OneBeacon provides dedicated services to help its customers mitigate potential incidents and to notify affected parties should a breach occur, including identity restoration case management and other specialized services. Additional coverage extensions are also available, such as proactive monitoring services, data breach ransom, data breach reward and more.
A second enhancement focuses on @vantage for Information Technology's E&O protection that provides financial protection to the policyholder and its clients for the policyholder's failure to perform. @vantage Technology E&O offers essential protection, while the broader @vantage Plus version of the product delivers more specialized coverages.
