The Hartford Steam Boiler Inspection and Insurance Co. announced a new Data Compromise coverage.

This coverage helps businesses respond to data breaches by covering the cost of client notifications and supplying services such as credit monitoring and identity restoration for victims of identity theft.

As of May 1, 2008, 42 states plus the District of Columbia and Puerto Rico had enacted legislation requiring notification of security breaches involving personal, non-public information which the business controls. Generally, these laws mandate expedient notification "without unreasonable delay" and many statutes impose civil or criminal penalties for failure to promptly disclose.

HSB's Data Compromise is offered as a turn-key program through other insurance companies who want to enhance their commercial insurance policies and offer the coverage as an optional endorsement at favorable rates. The program pays for the following services provided by third party professional service suppliers when a data breach occurs:

o Legal review of statutory obligations, which vary by state and circumstance.
o Forensic information
o Preparation and production of notifications and call center support
o Credit monitoring for persons affected
o Identity restoration case management and other personal services

For more information, visit www.hsb.com.

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