Beazley Enhances Suite of Data Breach Products for Businesses

Beazley has unveiled major enhancements to its Beazley Breach Response (BBR) product. Launched over three years ago, BBR includes a separate limit of coverage for breach response services, and Beazley recently announced the creation of BBR Services, a dedicated business unit to help clients manage data breaches successfully – again a first in the insurance industry.

The latest product enhancements include support for the victims of data breaches in the form of credit monitoring and identity monitoring provided by Experian Data Breach Resolution. For a breach involving the compromise of personal information, BBR clients now may choose to offer notified individuals either:

In addition, Beazley has introduced a number of further enhancements to BBR:

With these enhancements, clients can customize BBR to their own specific needs, with notification limits available from $250,000 to $5 million and a separate limit of liability for third party claims available from $1 million to $15 million. For smaller organizations, the BBR Select product also offers lower notification and liability limits.