Acknowledging the surge—and inherent risk—in corporate smartphones, PDAs and other mobile devices, the Chubb Group of Insurance Companies is offering its customers reimbursements on payouts for products designed to help customers manage the threat to intellecutal property and other information stored on these devices.
Chubb says it will reimburse its cyber liability insurance customers, where permitted, as much as one-half the cost of products from AirPatrol Corporation that are designed to prevent mobile devices from exposure to cyber attack. The reimbursement will be up to the lesser of $10,000 or 10% of the policy's annual premium.
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