NU Online News Service, May 16, 1:40 p.m. EDT
Beazley Group has launched a new version of its Beazley Breach Response (BBR) solution tailored for smaller firms with revenues of less than $10 million.
The updated solution offers a combination of forensic, legal, notification, credit monitoring and call-center services that allow organizations to deal with a breach while effectively protecting their reputation with customers.
The policy allows for notification and credit monitoring for over 250,000 affected individuals, as well as third-party-liability coverage of up to $5 million. Premiums start at $1,000.
Coverage is provided through Beazley’s private-enterprise team.
Larger companies can opt for the standard BBR solution, which includes notification and credit-monitoring services for up to 4 million affected individuals.
Enhancements to both solutions include an expansion of response services to include the services of a PCI forensic investigator, computer-security expert and an attorney to advise how to respond to regulatory requirements under Merchant Services Agreements following a compromise of credit-card data.