Ryan Specialty Group’s Think Risk has launched [in]TELLIGENCE to address evolving and often overlooked operational exposures coming from technology and its effect on businesses.
Recent surveys have reported that more than half of small to mid-size U.S. firms have already experienced at least one data breach. The risks are increasing every day as most companies process credit card transactions, store and disseminate sensitive employee/client information and data in the course of their normal operations. Media and advertising-related exposures have grown significantly as businesses take on roles once reserved for traditional advertising agencies. The explosion of digital and social media including blogs, sophisticated interactive websites and the increasingly common use of images, music, pictures, and videos to promote products/services has exposed businesses of all sizes to advertising and media-related litigation.
[in]TELLIGENCE offers advertising, content, data security and privacy coverage to a range of business segments including: Main Street brick and mortar; ecommerce; professional service providers; municipalities/public entities; not-for-profit organizations; complex healthcare firms, etc. Coverage is available on an admitted basis in most states.
The program is offered through an underwriting partnership with an “A” rated carrier. Program limits up to $5 million are available with deductibles starting at $1,000. Eligible businesses and organizations include those with up to $50 million in annual revenues or assets and those that collect, store, manage or process up to 1 million unique individual records.
[in]TELLIGENCE features include:
- Advertising, content, data security and privacy coverage — all under one policy.
- Diminishing deductible feature in the event of a data breach, which allows for a 50 percent retention reduction if the insured elects to use the program’s designated breach notification vendors.
- Protection for an insured’s advertising, content and media exposures for communicative material of any kind.
- Coverage for all forms of data, whether online or off-line, electronic or paper.
ThinkRisk Underwriting Agency is a series of RSG Underwriting Managers, LLC. RSG Underwriting Managers, LLC is a Delaware series limited liability company and a subsidiary of Ryan Specialty Group, LLC, specializing in providing underwriting management and other services to insurance companies, whose insurance products are distributed through agents and brokers.
Was this article valuable?
Here are more articles you may enjoy.