Kansas City, MO (PRWEB) June 01, 2011
Euclid Managers, LLC, an underwriting manager and claim administrator for internet, tech, media, manufacturing and miscellaneous professional liability, has upgraded ClickStream®, its professional liability program for internet-related risks to provide first-party and third-party liability coverages in one policy form. The new ClickStream® 2.0 combines the errors & omissions (E&O), personal injury, privacy, intellectual property and security protections previously available under the original product’s base form with new protection for first-party security breach exposures including privacy notification expenses, crisis management expenses, content restoration expenses and business interruption protection.
New in-demand features built into the policy form include soft hammer; most favorable venue for punitive damages (where allowed by law); spousal coverage; commercial confidential info coverage; employee personally identifiable information; coverage for data in the care of a trusted third party (e.g. vendor); coverage for advertising injury/personal injury/security injury in business operations; hosted web content (e.g. social media exposures) coverage; and coverage for a privacy regulatory-imposed civil fine or penalty.
“Our approach is unique in two ways," says Laura Johnson, vice president and product development manager, “first: we built these first and third-party liability coverages into one policy form instead of doing the usual modular format that is so prone to coverage gaps and confusion, and second: ClickStream® 2.0 is designed and priced especially for companies that do business online or whose business model is internet driven; it is not a stand-alone network security product for the masses.”
Risks eligible for ClickStream® 2.0 include small and mid-size cyber risks (revenues between $100,000 and $500,000,000) such as websites; website design, development and hosting; search engines and portals; private and public networks/exchanges; internet and application service providers; and e-commerce.
Coverage for ClickStream® 2.0 is provided by A.M. Best-rated A (Excellent) XV, Hudson Specialty Insurance Company and Hudson Insurance Company and is available nationwide, on a non-admitted basis in most states. For more information, contact: Marcia Sutton, 816.778.0713 or e-mail msutton(at)euclidmanagerskc(dot)com.
The Kansas City-based Euclid Managers, LLC is an underwriting manager and claims administrator specializing in internet, tech, media manufacturing and MPL coverages. It is part of Euclid Insurance Services, Inc., a full-service agency, managing general agent and underwriting manager and claims administrator with annual revenues in excess of $20 million.