Allied World U.S. has launched a new Errors & Omissions (E&O) and Privacy product called Techtonic//5.0 to address the wide spectrum of emerging exposures that exist within the E&O and Privacy space.

Techtonic//5.0 gives Allied World insureds the option to purchase consolidated coverage—converging Miscellaneous Professional Liability (MPL) capabilities while leveraging the existing, robust Tech E&O, Privacy & Network Security and Media suite of products.

The new product will also allow insureds to customize and build an array of coverages that fit their specific exposures and risk purchase appetite. Insureds will have the ability to select different limits and retentions between available coverages.

"Allied World recognizes the need to provide flexible and tailored coverage solutions to our E&O clients in this emerging market. We continue to respond to evolving challenges, providing leading technology and privacy insurance solutions," Gordon Knight, president of Allied World U.S., comments in a press release.

Al Fantuzzi, Senior Vice President, Professional Liability adds, "Often, many professional classes need unique professional liability coverages to effectively manage risks associated with services provided to their clients. We are pleased to provide a dynamic coverage solution that appropriately addresses today's evolving exposures within the Tech, Privacy and MPL services marketplace."

Source: Allied World Assurance Company Holdings

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Allied World U.S. Starts New E&O, Privacy Product

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