ACE Group has launched a new coverage component for the ACE Express package policy to enable insureds to purchase privacy and network liability coverage in a single policy with their directors and officers (“D&O”), employment practices liability (“EPL”), fiduciary, and crime insurance.
The company said that the updated ACE Express package policy offers the following benefits:
- Privacy liability coverage, covering losses arising from an organization's failure to protect sensitive personal or corporate information in any format, as well as regulatory proceedings brought by a government agency.
- Network security liability coverage, covering the liability of the organization arising from the failure of network security, including unauthorized access or use of corporate systems, a denial of service attack, or transmissions of malicious code.
- Data breach fund coverage, covering expenses associated with legal oversight, forensic investigations, notification costs and credit monitoring for impacted individuals, and crisis management services.
- Access to ACE's data breach team in the legal, computer forensics, notification, call center, public relations, fraud consultation, credit monitoring, and identity restoration service areas who can help organizations and businesses execute their data breach response when information is lost or compromised.
- Free access to the eRisk Hub, a web-based loss mitigation resource designed to help policyholders stay abreast of best practices and regulatory guidelines and prepare detailed, comprehensive response plans.
Learn more: www.acegroup.com.