"We're very pleased to bring DataBreach into the marketplace."
Specialty insurance products provider Markel has released an information risk and privacy liability insurance product, DataBreach.
"We're very pleased to bring DataBreach into the marketplace," Markel Chief Underwriting Officer Gerry Albanese told Insurance Business Review. "With identity theft on the rise, the timing couldn't be better."
The product provides coverage for liabilities arising out of the breach of a company's duty to protect confidential information and extends to a business liability arising out of an employee's misuse of his/her access to confidential information