"Our new coverage features target the type of exposures an IT professional is most likely to need to protect against, and we believe our new form will be a great fit for all types of IT pros," said Michael Carr, Markel's director of IT Professional & Data Security. According to Carr, some of InfoPro's most desirable coverage highlights include the following:
-- Professional liability coverage that automatically applies to broadly defined technology services, while retaining the ability to schedule additional services tailored to the insured's business.
-- Core coverage that includes Markel's DataBreach(SM) and Privacy Liability, which further extends to unauthorized access to the named insured's system, as well as to client systems arising out of the insured's professional services.
-- No sub-limit on the defense of regulatory claims arising out of an "unauthorized access."
-- Deductible credit for claims settled via mediation.
-- A Claims Made form, rather than Claims Made & Reported.
-- First dollar Supplementary Payments coverage, in addition to the aggregate for Breach Mitigation (notification, voluntary credit monitoring & public relations).
-- Optional first party coverage for data breach loss to insured. Covers insured's own expenses to recover from an unauthorized access.
-- Optional electronic media liability coverage for the insured's software, the content of the insured's web site and web content provided to clients as part of the insured's professional services.
Markel Corporation markets and underwrites specialty insurance products and programs for a variety of niche markets. In each of these markets, the Company seeks to provide quality products and excellent customer service so that it can be a market leader. The financial goals of the Company are to earn consistent underwriting profits and superior investment returns to build shareholder value. Visit Markel Corporation on the web at www.markelcorp.com
SOURCE Markel Corporation