Navigators launches cyber liability & privacy/data breach coverage

The Navigators Group said its principal underwriting agency subsidiary, Navigators Management Company, has launched a new Cyber Liability & Privacy/Data Breach Coverage product called “NAVSecure,” providing pre- and post-breach solutions to cyber liability and privacy/data breach events in response to heightened demand.

“Cyber security is front-page news and every day we read about another business or government agency that has fallen prey to new, complex and increasingly sophisticated cyber crime,” said Stuart M. Kohn, vice president of the Specialty Professional Liability division and Cyber Liability & Privacy/Data Breach Coverage practice leader. “With the legal and regulatory landscape quickly evolving alongside this burgeoning threat, and our broker partners experiencing heightened demand, we have responded by launching NAVSecure, further illustrating our commitment to addressing the needs of our partners.”

NAVSecure  provides third-party cyber liability coverage for liability arising out of a company’s media content, network security and data privacy wrongful acts, and includes key features such as:

• Coverage for expenses arising out of a privacy breach that include notification costs, crisis management, credit monitoring, identity theft restoration, regulatory and PCI fines and penalties, data restoration, and network extortion attempts
• An option for Notification Costs outside the limit of liability
• Access to a host of pre- and post-breach services via the online NAVSecure eRiskHub, including the ability to instantly report a breach or make a claim;
• Pre-breach consulting services provided through partnerships with a panel of expert security vendors; post-breach responses coordinated by an expert Breach Coach®  and vendors from some of the leading privacy law firms and breach response firms in the country, including AllClear ID, Baker Hostetler, Cozen O’Connor,  Experian Data Breach Resolution, Immersion, InfoLawGroup LLP, Kroll, Lewis Brisbois Bisgaard & Smith LLP, and NetDiligence® and their eRiskHub  data breach crisis portal.