Endurance Specialty Holdings Ltd., a Bermuda-based specialty provider of property and casualty insurance and reinsurance, has enhanced its Endurance premier professional product with Endurance breach assist, a network security and privacy offering.
Endurance said that its breach assist product provides insureds with coverage in the event of a data breach, including self-funded access to tools and resources to prepare for and respond to breach events. The company said that its new offering is targeted for middle market clients with a focus on retail, health care, financial institutions, and professional services firms.
Endurance breach assist coverage is offered outside the Endurance premier professional policy limit and can be denominated by either dollar amount or by number of affected individuals. Coverage includes:
- Breach assist legal counsel, with no deductible or self-insured retention;
- Forensic investigation, legal advice, and public relations expense;
- Communications to regulatory agencies and customers;
- Call centers to handle customer inquiries; and
- Credit monitoring and restoration services.
Breach assist legal counsel is accessible via a dedicated hotline to assist in developing an action plan and engaging an appropriate team of experts to direct and perform the above response activities, the company said.
Douglas Worman, the chief executive officer of U.S. insurance, commented, “The launch of this new cyber liability product demonstrates Endurance's commitment to this developing risk area. Our dedicated team, which includes a number of industry leaders in this space, expects to introduce additional innovative solutions to meet the evolving network security and privacy needs of the market.”
Learn more: www.endurance.bm.