Risk Transfer Solutions
Today every organization uses technology as a means of delivering its product or service. Depending on an organization’s business its exposure to technology risks can vary greatly. ACE recognizes those differences and offers a full line of privacy, network, media and technology error & omissions products to address the different risk transfer needs of different industries. ACE DigiTech® provides integrated errors & omissions, privacy, network security, and media coverage designed for technology companies, while ACE Privacy Protection® provides privacy, network security and media coverage designed for companies in all industries.
But ACE policyholders obtain more than just risk transfer coverage, ACE’s privacy and network security products include access to ACE’s Privacy and Network Security Loss Prevention Program, creating a comprehensive risk management program for privacy, data breach and network security risk. With a track record of providing capacity, financial security, expertise and service, ACE Professional Liability creates comprehensive insurance programs so companies can focus on what’s important to them: successfully running their own organizations.
Experience counts when structuring policy language and settling complex claims. Our underwriters understand the nuances in the specialty areas we serve and work to provide appropriate, cost effective approaches that take all of a company’s activities into account. Following an insured event, ACE claims managers work with our clients to manage the litigation process to a satisfactory conclusion.
Technology companies operate in a high-risk business arena where potential service, product and network risk exposures continuously evolve. Consultants, software designers, data processors and manufacturers face litigation from dissatisfied customers. The loss or theft of sensitive customer data is a recurring risk for e-commerce companies and can result in reputational damage, extortion threats, legal action, and regulatory scrutiny. ACE DigiTech offers comprehensive professional liability coverage for your technology products and services, as well as state-of-the-art network security and privacy liability protection for the sensitive data hosted on your systems.
The ACE Privacy Protection Policy approaches traditional network liability coverage with an innovative new alternative. This next generation policy focuses on privacy liability arising out of lost computer equipment, network security breaches and human errors. It even covers companies from mistakes made by third party service providers.
Today’s companies are challenged with huge volumes of data to manage and protect while they try to maintain growing network infrastructures. Losing control of these intangible assets can result in significant loss and expense. ACE’s Digital DNA insurance program was developed to help businesses manage the network security and privacy risk exposures that have the potential to significantly impact their balance sheets.
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Insuring Agreements |
ACE DigiTech1 |
ACE Privacy Protection2 |
ACE Digital DNA |
|
Technology Errors & Omissions |
X |
|
|
|
Privacy Liability |
X |
X |
|
|
Data Breach Fund |
X |
X |
|
|
Network Security Liability |
X |
X |
|
|
Electronic or Internet Media Liability |
X |
X |
|
|
Network Extortion Threat |
X |
X |
X |
|
Digital Asset Loss |
X |
X |
X |
|
Business Interruption Loss |
X |
X |
X |
|
Contingent Business Interruption Loss |
X |
X |
X |
|
Miscellaneous Professional Liability |
X |
|
|
1 Digital Asset Loss, Business Interruption Loss and Contingent Business Interruption Loss are available by endorsement
2 Internet Media Liability, Network Extortion Treat, Digital Asset Loss, Business Interruption Loss and Contingent Business Interruption Loss are available by endorsement
