Rockwood Programs has added cyber liability to its portfolio of management and professional liability products. The coverage can be attached to an underlying Rockwood account as an endorsement, with a separate sub-limit. Cyber liability can also be purchased on a stand-alone basis. Rockwood serves as the administrator of several national programs, including employment practices liability, insurance agent’s E&O, and not-for-profit D&O.
According to Glenn Clark, CPCU and president of Rockwood Programs Rockwood has partnered with Certain Underwriters at Lloyds, London to offer the coverage.
“Existing Rockwood policyholders can add cyber liability insurance by completing a one-page supplemental application,” said Clark. “Additional premiums start as low as $125. The plan is designed to offer l protection from both a first and third party perspective. Notification, credit monitoring, forensic analysis, and related costs incurred by our clients due to a cyber loss are covered by the product. On the third party coverage side we respond to allegations stemming from a privacy breach, violation of privacy regulations, or a failure of computer network security.”
Cyber liability limits of up to $1 million available via endorsement on existing Rockwood accounts. A sub-limit on first-party coverage applies. Cyber liability is also provided on a stand-alone basis for risks seeking higher limits or for those without an underlying Rockwood policy.
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