Stamford, CT (PRWEB) June 17, 2014
Commercial lines reinsurance specialist Berkley Re Direct (a W. R. Berkley Company) and IDT911™ (IDentity Theft 911®), the nation’s premier consultative provider of identity and data risk management, resolution and education services, reaffirmed their unique collaboration today by announcing a new, comprehensive privacy breach and cyber liability solutions to insurers. Together, the two companies deliver right size coverage to fit small business and middle markets with the appropriate breach and cyber liability coverage and services.
In joining forces, Berkley Re Direct and IDT911 provide:
- An innovative program offering the highest degree of flexibility to be tailored to individual company needs;
- Flexible quota-share options ranging from 50 to 100 percent while allowing the future ability to assume the program;
- A strong choice, offering the flexibility to explore diversification from other reinsurance partners;
- Broad first, third party and business interruption coverages with limits that span $25K to $1M;
- In many cases, no minimum treaty premium requirement and flexible opt-out, opt-in or hybrid rollout approaches;
- A breach website featuring exclusive resources to help business owners recognize data risks, as well as federal and provincial compliance laws and their notification requirements;
- Proactive, on-call professional assistance to help companies enhance their data privacy procedures and more;
- Roll-out and ongoing training support for company and agency staff.
"By collaborating with IDT911, Berkley Re Direct is able to provide a comprehensive offering which includes consultative breach and cyber services to help primary policyholders reduce their risk of a breach, or work them through it should one occur,” said Christopher Ellis, vice president and chief marketing officer, Berkley Re Direct. “In light of recent high profile data breaches, we’re thrilled to affirm our nearly two year relationship with IDT911, allowing our clients to differentiate themselves and create tangible insured value in this evolving space.”
With IDT911 DataRiskStages™, commercial policyholders have assistance to prepare for and defend themselves against a breach. If a breach occurs, IDT911 experts will help commercial policyholders swiftly and effectively respond. IDT911 will assess breach severity, provide advice on notification and regulatory requirements, and assist with media relations and necessary steps to safeguard sensitive information. Every step of the way, commercial policyholders have a trusted partner to help them position themselves to reduce or mitigate regulatory sanctions or fines and civil litigation.
“We’re excited to continue and actively promote our relationship with Berkley Re Direct,” said Matt Cullina, CEO, IDT911. “Coverage alone is not enough. Policyholders need a trusted advisor for breach and cyber assistance, both proactively and reactively. We’re proud to offer this peace of mind to Berkley Re Direct clients and their policyholders.”
DataRiskStages also helps commercial policyholders comply with state and national breach requirements mandated by the federal government. Nationally, 46 breach notification laws are in effect. In addition, federal Red Flag regulations will mandate that 11 million businesses have identity theft avoidance plans in place.
To learn more, please contact Christopher Ellis at 314-518-4314 or CEllis(at)BerkleyReDirect(dot)com.
About Berkley Re Direct
Berkley Re Direct is a casualty reinsurance specialist providing treaty, automatic, primary turnkey product solutions, semi-automatic and individual risk assumed reinsurance through a nationwide network of regional offices, combined with exceptional levels of primary and direct reinsurance experience.
We underwrite on behalf of Berkley Insurance Company, a member company of W. R. Berkley Corporation that is rated A+ (Superior) by A.M. Best and a member of the Ward’s 50 top performing P&C insurance companies.
About IDT911™ (IDentity Theft 911®)
Founded in 2003, IDT911™ is the nation’s premier consultative provider of identity and data risk management, resolution and education services. The company serves 17.5 million households across the country and provides fraud solutions for a range of organizations, including Fortune 500 companies, the country’s largest insurance companies, employee benefit providers, banks and credit unions and membership organizations. A subsidiary of IDT911, IDT911 Consulting™ provides information security and data privacy services to help businesses avert or respond to a data loss incident. Together, the companies provide preventative and breach response services to more than 600,000 businesses in the United States, Canada and the United Kingdom. IDT911 is the recipient of several awards, including the Stevie Award for Sales and Customer Service and the Phoenix Business Journal Tech Titan award for innovation in breach and fraud-fighting services. The company is the organizer of the Privacy XChange Forum, an annual conference that brings together high profile privacy thought leaders. For more information, please visit http://www.idt911.com.