Today, most businesses rely extensively on computers and computer networks to store significant amounts of sensitive or private information. In addition, business managers have become increasingly concerned about potential exposure to litigation resulting from security breaches or compromises of private and confidential information. Global business insurer CNA announces its insurance solution to network security concerns: NetProtect Essential(SM), a new product that provides liability coverage for privacy and identity theft, along with a range of other network security-related exposures.

“For more than a year, privacy breaches and identity theft have made national headlines,” said John Wurzler, vice president, CNA’s Technology Commercial segment. “These activities have become more commonplace and can create privacy and security concerns for nearly any business. Prior to the availability of NetProtect Essential, coverage for related exposures was generally out of reach or too expensive for all but the largest companies.”

Targeted to small-mid sized companies, NetProtect Essential covers all network resident information enterprise-wide, not just Web sites. It responds if there is a security breach resulting in identity theft or disclosure of private information; damage resulting from viruses, inability to access a network or rely on information. It also covers unauthorized acquisition of trade secrets and proprietary or confidential information from the insured’s network.

NetProtect Essential is admitted coverage that applies worldwide and is currently approved in 40 states with the remainder soon to follow. Available with limits up to $2 million, it is designed for U.S.-domiciled businesses that typically generate gross revenues of less than $100 million in various industries, including financial services, healthcare and life sciences, retail, manufacturing, construction, hospitality, telecommunication and technology. Minimum premium for the NetProtect Essential coverage is $500. It features a simple application, fast response and affordable pricing that makes the coverage accessible to those who need it most. In comparison, the flagship NetProtect(SM) product is suitable for larger companies in that it provides very sophisticated and flexible coverage for a broad range of first-party and liability exposures.

“With the addition of NetProtect Essential, our entire NetProtect product line is now available for nearly any business — ranging from small neighborhood retailers to larger health care providers and financial institutions — and can easily keep pace with our insureds’ needs as their businesses grow,” said Mark Silvestri, CNA’s product manager for all of the NetProtect coverages.

In addition to CNA NetProtect Essential and NetProtect, CNA’s Technology Commercial segment provides businesses with a complete array of technology coverages for property, casualty and professional liability. For more information about CNA’s insurance solutions, visit www.cna.com.

CNA is the country’s seventh largest commercial insurance writer and the 13th largest property and casualty company. CNA’s insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA’s services include risk management, information services, underwriting, risk control and claims administration. Please remember that only the relevant insurance policy can provide the actual terms, coverages, amounts, conditions and exclusions for an insured. All products may not be available in all states. CNA is a service mark registered with the United States Patent and Trademark Office.

Contact:

CNA
Charles M. Boesel, 312-822-2592
or
Katrina W. Parker, 312-822-5167

Source: CNA

This entry was posted on Thursday, January 25th, 2007 at 11:59 pm and is filed under Real Estate. Tags: Casualty Company claims administration financial services health care healthcare information services insurance insurance policy insurance products insurance solution Paris Property retail risk control risk management technology United States . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.