Allied World Assurance Company Holdings, GmbH, has announced an enhanced cyber liability insurance form.
Allied said in a statement that its new offering provides Allied World's U.S. cyber policyholders with access to “robust coverage,” including first and third party coverages, with optional coverage for professional and technology errors and omissions.
“In today's constantly shifting cyber environment, it is important to stay out in front of emerging exposures,” said Christian Gravier, the president of Allied's North American professional lines division. “This new policy demonstrates our commitment to the cyber market and desire to continually evolve to address the latest cyber risks and challenges.”
“Our insureds face dynamic and uncertain exposures and Allied World strives to provide insurance protection that is equally dynamic and responsive,” said Jason Glasgow, Allied vice president and cyber lead.
Allied said that the highlights of the policy include:
- Third party liability coverage including optional professional services liability and technology services liability coverage;
- First party liability coverage on a discovery basis;
- Incident response is available in addition to the policy aggregate limit, subject to underwriting review, including:
- First dollar breach consultation;
- Data forensics;
- Notification and credit monitoring; and
- Public relations;
- Business interruption and expense coverage available from the time of disruption, once the waiting period is met;
- Supplemental expense coverage;
- Up to $25 million aggregate limit and no minimum premium; and
- Pre-breach risk management services.
Learn more: www.awac.com.