Liberty Mutual Insurance has added data compromise coverage to its insurance agents errors & omissions (E &O) program. The endorsement carries an annual aggregate limit of $100,000 for response expenses and an additional $100,000 annual aggregate limit for defense and liability for suits and damages resulting from a personal data breach.
The first party response expenses coverage provides an insured agent the ability to obtain assistance and protections when personal identifying information has been breached. This can include costs associated with notifying applicable parties of a breach, credit monitoring services, identity restoration case management services, and help line services. The endorsement includes sub-limits of $10,000 for both legal and forensic information technology reviews as well as a sub-limit of $5,000 for crisis communication services.
Liberty Mutual’s insurance agents E&O program offers coverage options to meet the needs of independent property and casualty agencies with policy limits of up to $10 million and deductibles starting at $2,500. Subject to underwriting, coverage includes: defense coverage outside the limit of liability; consent-to-settle; contractual and vicarious liability; an option for first dollar defense; full prior acts; and now data compromise coverages.
Claims services are centralized and staffed with E&O specialists. The program also includes a specialized, national legal network, and access to a toll-free claim mitigation advice line..
The program is available in all states except Alaska, Alabama, Florida, Hawaii, Louisiana, Mississippi, New Mexico, Nevada, South Carolina, and West Virginia.
Liberty Mutual offers a range of insurance products and services, including personal automobile, homeowners, accident & health, commercial automobile, general liability, property, surety, workers compensation, group disability, group life, specialty lines, reinsurance, individual life and annuity products.
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