Breach Response is intended to provide coverage for data breaches affecting up to 4 million individuals, including notification and credit monitoring. The product is focused on companies in the health care, retail, hospitality and higher education markets, says the company.
Beazley says Breach Response coverage now includes Payment Card Industry fines and penalties coverage; breach response services for minors, expanded coverage for breaches with no legal notification requirement, and additional public relations and crisis management expenses.
“Businesses affected by a data breach frequently find themselves at the beginning of a steep learning curve,” says Mike Donovan, head of Beazley's Technology, Media and Business Services team. “They need to assemble, often from scratch, a varied team of qualified advisors and experts. Our clients have immediate access to all the expertise and support they need.”
