Farmington, Conn.-based Darwin Professional Underwriters, Inc. has debuted its new web site, http://www.tech-404.com/, dedicated to educating agents, brokers, and commercial insurance purchasers about the inherent technology and information liabilities facing traditional businesses, including cyber liability, Internet liability, and technology errors and omissions.
“Technology and information risks are no longer problems for technology providers alone. These risks are converging to create new areas of liability for traditional businesses that are technology dependent,” states Drew Bartkiewicz, assistant vice president for Darwin’s technology and information liability initiatives. “Identity theft is just the tip of the iceberg and companies should absolutely be taking steps to protect their confidential customer data. Beyond identity theft, exposures such as malicious codes, network security, intellectual property theft, network failures and third-party business interruption, media and copyright infringement, and technology errors or omissions are growing areas of concern for modern businesses.”
Coverage for technology and information exposures offered through commercial general liability insurance policies is often limited and inadequate to address the growing sophistication of business and technology infrastructures. Darwin’s new web site provides several useful resources, including industry-specific claims scenarios, Techtionary (a glossary of common technology, cyber, and Internet liability terms), and industry coverage overviews where Darwin’s Tech//404 policy is applicable.
“Technology and information liabilities are relatively new concepts to traditional businesses and many don’t know where to start to learn about these exposures and appropriate insurance coverage options. The exposures are broad and have, until now, not been well-defined,” states Adam Sills, a lead underwriter and key member of Darwin’s technology and information liability underwriting group. “This site is specifically designed to inform consumers about what technology and information risks they may face, how they may be affected, and, most importantly, how to protect their organization’s digital and information assets.”
The Tech//404 web site, http://www.tech-404.com/, currently focuses on exposures within the health care, financial services, e-commerce, and technology industry segments. Site content will be regularly updated and new features will be added in the near future.
Darwin is a specialty insurance group based in Farmington, Connecticut. The company is focused on the professional liability insurance market and underwrites directors and officers liability for public and private companies, errors and omissions liability insurance, and medical malpractice liability insurance. Darwin member companies include Darwin Professional Underwriters, Inc., Darwin National Assurance Company (DNA), and Darwin Select Insurance Company (DSI).
Source: Darwin
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