Markel Corp. introduced a new policy form for information technology professionals.
The new InfoPro policy includes:
— Professional liability coverage that automatically applies to broadly defined technology services, while retaining the ability to schedule additional services tailored to the insured’s business.
— Core coverage that includes Markel’s DataBreach and Privacy Liability, which further extends to unauthorized access to the named insured’s system, as well as to client systems arising out of the insured’s professional services.
— No sub-limit on the defense of regulatory claims arising out of an “unauthorized access.”
— Deductible credit for claims settled via mediation.
— A claims made form, rather than claims made and reported.
— First dollar supplementary payments coverage, in addition to the aggregate for breach mitigation (notification, voluntary credit monitoring and public relations).
— Optional first party coverage for data breach loss to insured. Covers insured’s own expenses to recover from an unauthorized access.
— Optional electronic media liability coverage for the insured’s software, the content of the insured’s web site and web content provided to clients as part of the insured’s professional services.
“Our new coverage features target the type of exposures an IT professional is most likely to need … we believe our new form will be a great fit for all types of IT pros,” said Michael Carr, Markel’s director of IT Professional & Data Security.
Source: Markel Corp.,
Topics Professional Liability
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