ACE Privacy Protection^®: Privacy and Network Liability Insurance Program Designed for Health Care and Managed Care

ACE Privacy Protection offers comprehensive coverage to help health care or managed care organizations protect their computer networks and websites as well as sensitive customer or employee information and third party corporate information. Internet media liability and network extortion coverage is also available.

Benefits:

• Claims and underwriting expertise
• Flexible underwriting approach
• Regional offices provide customers nationwide access to underwriters informed on privacy issues
• Affirmative 100 percent allocation of defense provision if at least one covered claim is asserted
• No retention, coinsurance, time element or prior written approval restrictions for data breach fund
• Data breach expenses not subject to a post-discovery time restriction
• Coverage for regulatory fines
• Consumer redress fund applies to full privacy and network limits of liability

Coverage:

• Privacy Liability (includes personal information in any format; breaches not restricted to a network event; customer and employee information)
• Network Security Liability
• Data Breach Fund includes:
  • First and Third Party expenses
  • Forensic expenses
  • Expenses to comply with the consumer notification provisions of the applicable jurisdiction that most favors coverage for such expenses
  • Costs for voluntary notification (prior written approval requirement)
  • Costs to retain public relations, crisis management and law firms
  • Legal expenses incurred by the Insured to ascertain their indemnification rights under contract
  • Credit monitoring expenses (no longer tied to privacy regulations)