OneBeacon Expands LPG Offerings
OneBeacon Professional Insurance, a member of Bermuda-domiciled OneBeacon Insurance Group, today [Dec.19] announced it is expanding its Lawyers’ Professional Liability [LPL] offerings to include network security and privacy [NSP] liability coverage, made available to its customers in two ways — as an endorsement to its LPL policy, or as a standalone coverage.
Said Kim Noble, Senior Vice President for OBPI’s LPL Division, “Information systems are the lifeblood of today’s law firms, and protecting those systems — which can contain high-value data such as litigation information, intellectual property, client data, trade secrets and personally identifiable information — is critical. Our network security and privacy liability coverage will protect law professionals should there be a breach of these important systems.”
When added to OBPI’s LPL policy, the NSP endorsement will provide coverage in the event of a data breach for certain expenses incurred for first-party notification or public relations efforts to minimise damage to a firm’s reputation. As a standalone policy, the coverage can include: Breach Consultation Services; Network Security Liability; Privacy Liability; Website Media Occurrence Liability; Business Interruption; Breach Notification and Management Expenses Sub-limit; and more.
OneBeacon Professional Insurance is a member of OneBeacon Insurance Group that specializes in professional liability solutions for targeted industries including hospitals, long-term care facilities, medical facilities, physician groups, media organisations, lawyers, real estate professionals, design professionals, financial services and technology providers.
OneBeacon Insurance Group, Ltd. is a Bermuda-domiciled holding company that is publicly traded on the New York Stock Exchange
