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Privacy//403
Darwin National Assurance Company, a member company of Allied World Assurance Company Holdings, Ltd, offers Privacy//403, a one-stop solution for healthcare organizations, financial institutions, and other businesses that utilize data as part of their daily business practices. This coverage helps the healthcare and financial services industries in particular, as they are increasingly using, transmitting, and storing sensitive data, including personal medical and credit information.
Adam Sills, Lead Underwriter and Product Manager for the Privacy//403 product, observes that "Even the best IT systems aren’t 100% safe. Any information is vulnerable: medical records, credit card information, financial accounts, Social Security numbers, and so on. A client company that gathers this type of information as part of its business is at risk. Additionally, too many companies mistakenly believe their general liability policies will cover them. That’s where Privacy//403 comes in."
The product provides limits of up to $15M, including up to $10M for first party business interruption.
As information capture gets bigger, faster, and more complex, so do the risks and regulations. Privacy//403 has created a suite of coverages to address the current exposures faced by your clients. It starts with privacy liability at the core, and extends to include network security, media, and first party business interruption. And service does not end on the last page of the policy. Darwin provides risk management services for the life of the policy, educating, advising, and alerting you on the latest trends and legal issues affecting your business.
Mr. Sills notes, "There are more reasons than ever to protect your company’s information against this type of risk. From general exposure and identity theft, to increased regulation and even simple human error— companies have never needed best practices for information management more urgently than they do now."
For more information, contact Adam Sills, Lead Underwriter and Product Manager, at 646-794-0654 or at asills@darwinpro.com.
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