Issue:  2006-12-14

Darwin Expands Liability Product for Tech-Dependent Health Cos.

FARMINGTON, Conn., December 14 – Specialty insurance company Darwin Professional Underwriters, Inc. has expanded its Tech//404, which is a liability product for health care organizations. The expansion, according to Darwin, is in response to increasing exposure to network security and data privacy losses.

Tech//404 for health care organizations is designed for technology-dependent health care companies, Darwin said.

According to the company, product coverage includes:

Notification expenses under regulatory requirement to warn of security breaches;

Fines, fees, or penalties arising from privacy or consumer protection errors;

Errors and omissions for delivery of technology professional services;

Network security protection, unauthorized access, and rogue employee coverage;

Breach of privacy, including third-party liabilities;

Malicious code, cyber-attacks, and inadvertent transmission of viruses;

Optional contingent bodily injury, crisis management expense, and cyber extortion.

Darwin explained that businesses eligible for Tech//404 for health care organizations include: ambulatory surgery centers; health care data processors; health care software providers; image delivery systems; long-term care facilities; physicians groups; hospitals; managed care organizations; third-party administrators; pharmacy delivery systems, and others.

Tech//404 is also available for financial services, e-commerce, and technology companies, Darwin added.

For more information, visit www.darwinpro.com.

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