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Printer Friendly Version
| | Errors & Omissions : ACE Privacy Protection®: Privacy and Network Liability Insurance Program Designed for Health Care and Managed Care |
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- Privacy liability and network security liability
- Coverages:
- Privacy Liability
- Data Breach Fund
- Network Security Liability
- Also available:
- Internet Media Liability
- Network Extortion
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- No minimum premiums
- No minimum retentions
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- Any health care or managed care organization managing:
- Sensitive customer or employee information
- Third party corporate information
- A computer network
- A website
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- Claims and underwriting expertise
- Flexible underwriting approach
- Privacy coverage includes:
- Personal information in any format
- Breaches not restricted to a network event
- Customer and employee information
- Data breach fund includes:
- First and Third Party expenses
- Forensic expenses
- Expenses to comply with the consumer notification provisions of the applicable jurisdiction that most favors coverage for such expenses
- Costs for voluntary notification (prior written approval requirement)
- Costs to retain public relations, crisis management and law firms
- Legal expenses incurred by the Insured to ascertain their indemnification rights under contract
- Credit monitoring expenses (no longer tied to privacy regulations)
- No retention, coinsurance, time element or prior written approval restrictions for data breach fund
- Data breach expenses not subject to a post-discovery time restriction
- Coverage for Regulatory Fines
- Consumer Redress Fund applies to full Privacy and Network limits of liability
- Affirmative 100 percent allocation of defense provision if at least one covered claim is asserted
- Regional offices provide customers nationwide access to underwriters informed on privacy issues
- Financial Strength: ACE USA consistently receives among the highest ratings for financial strength from the industry's principal rating agencies
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