The Navigators Group’s principal underwriting agency subsidiary, Navigators Management Co., Inc., has introduced its Convergence policy, which will provide enhanced professional liability coverage to IT consultants, software developers, business process outsourcing firms, and providers of web-based services and other technology firms.
“The exposures faced by technology providers, outsourced business service providers, telecommunications companies and media companies continue to merge,” said Michael Carr, vice president of Technology & Media, who joined Navigators in November of 2009. “Examples of this evolution can include subscription software providers taking custody of confidential data that was once stored by their clients, and companies whose media exposure has expanded beyond their own brochures and websites or who use social media like Facebook and Twitter.”
Coverage highlights of the Convergence policy form include the ability to tailor additional professional services on the declaration, defense of privacy regulatory investigations and payment of regulatory restitution funds, as well as coverage for media that can extend to posts on blogs and social media sites made by the insured in the course of its business.
The Convergence policy is underwritten for U.S.-based companies by Navigators Specialty Insurance Co.
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