Specialist insurer Beazley has streamlined its MediaTech insurance policy to provide clear and concise wording and combined comprehensive errors and omissions (E&O) and media liability insurance with cyber coverage.
Beazley’s E&O and media coverage includes:
- Broad professional liability to address the need to cover non-technology professional services
- Unintentional breach of contract for professional liability exposure
- Online and offline media, including content published on social media
- A wide range of trade secret misappropriation claims
- Unfair competition alleged with copyright or trademark infringement
- Mental anguish and emotional distress
- Defamation, invasion of privacy and plagiarism.
Cyber coverage has also been incorporated into the policy. This includes:
- Breach response costs
- First-party coverage for cyber extortion
- Data recovery costs
- Business interruption and dependent business interruption resulting from security breaches and system failures
- E-crime coverage for fraudulent instruction fraud, funds transfer fraud and telephone fraud.
Beazley offers access to a full suite of pre-breach and risk management services through its in-house Beazley Breach Response Services team.
As well as accessing Beazley’s newest E&O coverage, businesses can also access its team’s claims experience. E&O claims have involved software failures, hardware defects, implementation errors and downtime, as well as intellectual property rights and personal injury disputes arising from media content.
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