ACE USA, the retail operations of ACE Group, has released an option for ACE Privacy Protection policyholders by upgrading its Data Breach Team Endorsement. The new Data Breach Fund Sidecar Endorsement eliminates tiered sub-limits and provides a single-data breach fund limit, which falls outside the policy’s liability limits for all data breach expenses.

ACE says the Data Breach Team is a panel of independent legal, computer forensic, notification, call center, crisis communications, fraud consultation, credit monitoring, and identity restoration firms. Professional Risk helps firms mitigate the financial and reputational risks associated with privacy breaches. The ACE Data Breach Team, combined with one of the Data Breach Team Endorsement options, bridges the gap between risk transfer and purchased loss control, creating a comprehensive risk management program for privacy, data breach, and network security risk.

Data Breach Team Endorsement enhancements include coverage for regulatory communications and forensics coverage, ACE adds. Data Breach Fund Sidecar Endorsement benefits include expanded coverage for insureds with less than $1 billion in annual sales revenue; a Data Breach Fund Sidecar limit outside of the standard policy limits; a sidecar limit intact; tiered sub-limits removed, providing a single limit for all data breach expenses; a sidecar limit offered at 50 percent of the privacy liability limit on a standard basis; no retention for Data Breach Coach expenses; and simplified structure to allow brokers and clients to build excess programs above ACE limits.

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