Beazley has enhanced its Beazley Breach Response (BBR) product to include expanded privacy breach response services and broader coverage
The enhancements, which will come standard on all future BBR policies, will also further improve Beazley insureds’ ability to respond to breach incidents and to be protected against any resulting liability.
Beazley is broadening the selection of U.S. and international services providers. Canadian and other non-U.S. residents will now be eligible to receive privacy breach response services, which will allow companies to reach an expanded base of customers in the event of a breach incident.
The selection of credit monitoring products available for use in response to a covered breach incident has also been expanded. New credit monitoring options include Equifax Complete for residents of Canada and Experian’s ProtectMyID for residents of the United Kingdom. Beazley will also partner with ConsumerInfo.com, an Experian company, to offer a service for individuals with limited or no Experian credit history that monitors for the creation of an Experian credit file.
The new policy also includes an Information Security Incident Response Guide, developed in partnership with Navigant, a complex data management and forensics analysis company, to equip insureds with a roadmap to prepare for and manage the aftermath of a data security breach.
Public relations and crisis management expenses are also now included as privacy breach response services, and Beazley has expanded the available limit of coverage available for the provision of computer expert services, legal services and public relations and crisis management expenses up to $2.5 million.
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